Debt
consolidation can help reduce
your monthly outgoings dramatically.
Credit cards, secured loans, store cards etc often carry
interest rates of upto 18-20% per annum, this is usually
upto
3 times
more than the average
re-mortgage rate of 5.5%.
If you add
up to the
total amount of all your debts
and add
that to your present
mortgage, this would give you the
total
amount you will need to apply for.
Example: Mortgage £72,000
Car Loan £8,000
Credit Cards £6,500
Store Cards £1,500
TOTAL £88,000
Your
repayments will normally go
down by hundreds of pounds each month!!
Many people are absolutely amazed at
the difference!!
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