Debt consolidation could be one option to help some of the millions of people who a new report has found to have serious debt problems.
The Money Advice Service indicates that close to nine million people have real concerns about their finances, with the issue particularly acute in Hull, Nottingham, Manchester, Knowsley and Liverpool, where more than 40 per cent of the population are struggling with debt.
The Indebted Lives survey indicated that 74 per cent of the people with serious debts are unhappy with their situation, with 83 per cent wanting to sort them out as soon as possible.
Fortunately, almost half own their home, meaning that debt consolidation through a secured loan or remortgage may be an option.
At First Choice Finance, we specialise in helping people who are looking to consolidate their debts through taking out a single loan to pay down their debts and are intent on then keeping to their new budget.
There are many ways to look at getting a grip on your debts, look through your options and seek some help before you decide what to do next.
If you would like us to look at a loan solution to refinance your debts then visit firstchoicefinance.co.uk or call us on 0800 298 3000 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
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 MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Security is required on
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.