A consolidation loan is credit taken out to pay off existing debts, putting them into one monthly commitment.
Debt consolidation loans are suited to those in employment but struggling with repayments, but otherwise financially mature enough to know that further borrowing should only be used as a route to payback what’s already owed.
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Remortgage & Equity Release
A remortage debt solution is taking multiple unsecured debts and adding them to debt secured on a property.
Also known equity release, a remortgage allows money tied up in a property or other asset to be made available to pay unsecured creditors.
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