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First Choice Finance - Mortgage BrokerCompare Home Owner Loans


Consolidate Credit Card Debt

Consolidate Credit Card Debt

Consolidate Your Credit Card & Store Card Debts
Reduce Your Monthly Outgoings & Restructure Your Finances
25 Years Of Helping With Debt Consolidation
All Circumstances Considered & All Quotes Are Free



 



First Choice Finance have extensive experience in this method of debt consolidation, it involves taking out one loan in order to pay off one or more credit cards, store cards or other personal credit, such as loans. It is a simple idea that has helped many of our customers overcome financial problems over the years, especially when they have been looking to consolidate credit card debt that has grown to become a monthly bind on their cashflow. With credit card debts in particular, huge savings can be made on your monthly outgoings. This is because credit cards usually carry high interest rates. By consolidating your debts you may also move them on to a substantially lower interest rate, enabling you to get the amount you are paying each month down and in some cases, even cut down on the length of time you would be paying off the overall debt. For more information on how we can help you consolidate your credit card debt please fill in our one minute on line enquiry form, call on 0333 003 1505 for mobiles or dial 0800 298 3000 from a landline.

Why feel pressured by your monthly credit bills? Let First Choice help you clear of those credit card debts if they are at high interest rates. We have helped many customers over the years get back in control of their finances. Fill in our no obligation online enquiry form to get a free quotation and take the first step to reducing your cashflow worries. Please bear in mind that by spreading the payback period over a longer term you may well pay back more interest overall.

Consolidate Credit Card Debts With A Remortgage

An effective method of consolidating credit card debt is through the use of a debt consolidation remortgage. All you need is to ask yourself a few questions. This will help us to decide if this is the right method of credit card consolidation that you should be considering. Among the most important are:

  • Do you have any early repayment charges on your existing mortgage?
  • Do you have enough equity in your property to raise more money against it?

If you would like to discuss these questions, along with any other queries or misconceptions you might have with an in house experienced and knowledgable adviser, then give us a call on the above numbers or fill in our short on line enquiry form for a no obligation conversation specifically about your scenario.

A remortgage can restructure your finances and relieve any stress involved with paying off your numerous credit card companies, all whilst also reducing your monthly outgoings.

Consolidate Your Credit Cards Even With Bad Credit

If you have already reached the tipping point and your credit card debts are starting to cause you problems, we believe the best method to recover your finances is to take action. If you have missed payments on your credit cards, or have numerous defaults or CCJs, many high street lenders have strict criteria that would prevent you from having access to remortgage products. To consolidate credit card debt with bad credit you may have to look at other methods of consolidation. Here at First Choice we understand that this may be the case so we do get access to some exclusive deals with specialist lenders who are willing to provide secured loans (a second mortgage) to people with bad credit. We really can help to turn around even the most unfortunate of financial situations. Call us on the above number before or enquire on line if you think it is time for you to try and get to grip with your debts

Credit Card Consolidation Calculators

Here at First Choice Finance we have developed numerous financial calculators to aide our customers with monthly budgeting and understanding the true cost of mortgages, second mortgages and other loans. Our calculators can breakdown the cost to consolidate credit card debt so you can see exactly how much money you can save.You can also understand what you may pay back altogether if you do not repay the loan early on our debt consolidation calculator. Use a combination of our remortgage calculator and various consolidation calculators to see which route might be your best option, then when your ready for some personalised figures, our in house advisers are at hand.

Where Might Credit Card Debts Lead To?

Whether consolidating credit card debt is the right move for you will always depend on your circumstances. How much debt do you have? How many different credit card sources? What level of interest are you currently paying? Using a debt consolidation remortgage or a consolidation loan can be a daunting experience, especially as you are securing these debts against your house but it can also help to revive your finances. If credit card debts are left to escalate it can lead to a downward spiral, with very few ways out. You may be left having to take out a debt management plan, an IVA or even worse having to declare bankruptcy. All of these would drastically affect your credit score and may well prevent you from raising finance in the future. There is no pressure to accept any offer we make so let us know when you want to chat through your position.

Credit Card Consolidation

Video transcript

It seems everyone is prone to putting the odd purchase onto plastic, but if you're struggling to pay back what you owe, you may want to think about credit card consolidation.

The Office for National Statistics has indicated that Consumer Price Inflation has been going up at a faster rate than wage increases since 2009, which basically means that when many of us go to the shops, things will be getting more expensive.

As a result, we may end up putting more onto credit cards because we don't have the cash available when it comes to pay. That's fine as long as repayments are made on time and in full, but if you're unable to pay off what you pay in full each month, your credit card or store card debts will build.

If it gets to a stage where you feel as though you can't really cut back any more and you won't be getting in extra finances to pay off your plastic, you might want to look at credit card consolidation in order to get your finances back on an even footing.

Taking out a secured loan will see the equity in your property used to pay off your unsecured debts and leave you with a single repayment to make each month which will usually be for a lower amount than all your individual cards were, but may accrue more interest over the period of the loan.

Consolidating your credit card debts can give you peace of mind and reduce stress as well as preventing your credit rating from taking a dent if you are falling behind on the cards, so it's certainly worth considering if you find yourself in this situation.

Do find out more about credit card consolidation through a loan or remortgage; fill in the online form, call 0800 298 3000 for free from a landline or 0333 003 1505 from a mobile.

Homeowner Secured Loans
Rates From 7.1% APRC Representative Example £30,000 over 72 months @ £679.90 repayments. Total payable of £49,949. 20.1% APRC including £2,975 intermediary fee and a £995 lender fee. Loans secured on property. First Choice are tied to certain loan providers.

Mortgages & Remortgages
4.5% APRC
Representative Example: Borrow £80,000 over 25 years At 4.6% Variable, £461.95 for 300 months.
Total Payable £138,585. Total Cost Of Credit £58,585 (incl £1360 fee).


Unsecured Personal Loans
REPRESENTATIVE 49.9% APR (VARIABLE)
First Choice are tied to certain unsecured lenders.


THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Security is required on immovable property.



Established In 1988. Company Registration Number 2316399. Authorised & Regulated By The Financial Conduct Authority (FCA). Firm Reference Number 302981. Mortgages & Homeowner Secured Loans Are Secured On Your Home

First Choice Finance is a trading style of First Choice Funding Limited of The Old Courtyard, 103 Buxton Road, High Lane, Stockport, Cheshire. SK6 8DX. Copyright protected 2014.


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Reduce your monthly outgoings with debt consolidation loans from First Choice Finance helping you consolidate existing credit cards and loans into one manageable monthly repayment.



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