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FAQ |
| What is debt consolidation?
Debt Consolidation is the process of combining your unsecured debts into one affordable regular repayment. Will I be able to make one regular payment to all my unsecured creditors? Yes, we will help you to set up one regular direct debit from your bank. What is an unsecured Creditor/debt? Unsecured creditors/debts is debt where no collateral/security has been given. Debts that are generally unsecured are credit cards, store cards, Interest free loans, personal loans, medical bills, telephone and electricity accounts. An example of Secured debts would be home mortgages and car loans. What if I have a bad credit rating? We have been able to help many clients with bad credit problems to consolidate their unsecured debt into one affordable repayment and become debt free. Who is a candidate for debt consolidation? A good candidate for debt consolidation would include those who are over their head in credit card and unsecured debt. Anyone who is stressed about their financial situation and can't see it improving. People who are finding it difficult to handle their finances all by themselves. |
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