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Debt Advice Bournemouth |Debt Management Bournemouth

For many people running up debts on credit cards loans, store cards and other types of finance can be a big worry, the monthly bills keep coming and the debts just seem to get bigger and bigger. You may think there is no way out of this situation. Dont worry there are options available to you. What ever your situation contact us to day and speak with experienced people who understand.

Debt consolidation remortgage

With a debt consolidation mortgage you can release the equity tied up within your house to clear your debts. As mortgage rates are normally cheaper than any other type of finance this can be a good option.

Secured loan

Another option for homeowners is to apply for a secured homeowner loan to consolidate their finances. These types of loans are also known as second charge mortgages. If you are currently tired into your current mortgage deal and have high exit penalty then this type of consolidation loan can be a better option.

IVA

Individual Voluntary Arrangement is a legal and government approved method of resolving debt that avoids the consequences of being made bankrupt. If you have over £15,000 to 3 or more creditors and can not afford to make the payment then you may be eligible for an IVA.

Debt Management Plan

A typical DMP consolidates all of a debtors unsecured debts into a single and more affordable monthly repayment which is then paid to creditors on a pro-rata basis over an agreed period of time. This payment is carefully calculated by a trained debt consultant who, with the debtor’s assistance will thoroughly review their current financial position before suggesting a figure that will put the debtor back in financial control.

For more advice on debt management Call 01202 512340 lines open 9am -7pm Monday to Saturday, or complete the contact us form to arrange for an adviser to call. contact us