Debt Consolidation Mortgage
Get help with your adverse credit debt consolidation mortgage
Are you struggling with your existing credit commitments and feeling overwhelmed by your existing debts? If you are then a debt consolidation mortgage could help.
More and more people are finding themselves with debt which they can no longer afford; they are finding it hard to manage and are looking for options to reduce the stress and money management problems associated with trying to make ends meet. One solution may be able to consolidate your existing debt payments into one monthly, more affordable payment with an adverse credit mortgage, remortgage or secured loan.
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Debt consolidation adverse credit remortgage
As a homeowner, if you have equity in your property, you may be able to repay all your bad credit by consolidating the existing debt into a bad credit remortgage, spreading the debts over the mortgage term, in many cases your overall monthly payment will either be reduced or remain the same as a mortgage is one of the cheapest forms of credit available. You will however 
benefit from future credit arrangements such as future mortgage applications as the bad credit will not longer be active, it will show as settled which will obviously go in your favour for suture mortgage applications.
I’m on debt management - is a bad credit remortgage worth while for consolidate my debts?
If you are on a debt management plan we could still help. We have helped many of our clients remortgage away from debt management and a number of clients have opted to remortgage and leave the debt management plan in place so as not to increase their mortgage borrowing. Regardless of whether you want to repay your debt management plan with a debt consolidation remortgage or just remortgage onto another deal with a new lender we could help.
There are good points and bad points to everything, we have listed below the good and bad points of a debt consolidation remortgage.
Debt Consolidation Bad Credit Remortgage - Bad Points
- The total mortgage amount will increase
- You may pay more interest over the term of the mortgage for your unsecured debt
Debt Consolidation Bad Credit Remortgage - Good Points
- You will no longer have any bad debt if everything is consolidated into one mortgage
- Get a fresh start
- Creditors can no longer take further action as they will be paid in full
- Your credit will improve as soon as the bad debts are repaid
- You will have access to better mortgage deals in the future
Debt consolidation may not be the best solution for everyone, we will be able to put the facts and figures to you so you can make an informed decision and if we do not feel debt consolidation is right for you we will let you know, if we feel it could be right for you - you will receive everything in writing for you to go over in your own time.
With our no obligation enquiry there’s nothing to lose, simply complete the form opposite or telephone 0845 094 2331.
