Debt consolidation loans
Service only available to United Kingdom Residents
Debt consolidation loans are particularly suited to those who have collateral to guarantee a loan. A debt consolidation loan enables you to repay all your current loans, credit card balances, overdrafts etc.
A debt consolidation loan offers you the chance to reduce your monthly repayments to just one affordable monthly payment whilst releasing valuable cash. We are often able to re-mortgage your property to the equivalent of 125% of its current market value at very competitive rates. This is often one of the better ways of refinancing. Often we are able to put you with Companies offering introductory offers of interest for say two years or so. Once that offer has finished we are able to scan the market again and see if we can better their "revised" rate. If we can, we are more than happy to try to refinance you again - once more saving you money.
Please click on the link immediately below to apply for a debt consolidation loan. Please answer all the relevant questions, before submitting your application to us for consideration. This will save a lot of time and enable us to consider your debt consolidation loan application more speedily.
Debt Management programs
Debt Management programs involve your appointing a firm of debt management consultants who are specialists in, not only negotiating with all your creditors, but also know exactly what powers your creditors have, and more importantly do not have, in law. By using this legal knowledge, and their negotiating skills, they are able to persuade your creditors to accept more realistic lower monthly repayments.
They are sometimes able to get interest frozen on accounts or even get some debts written off. If your creditors agree to their proposals, they are all paid on a strictly pro rata basis. If you owe creditor A twice as much as creditor B then A will receive twice as much each month as creditor B will. That is why it is absolutely crucial that, when asked, you list all your creditors carefully including the precise amount owed to each.
Remember if ONLY one creditor is missing, from your submitted list, then the whole exercise will have to be started from scratch. This will certainly not please either your debt management specialists, nor your creditors who may take a much harder line, with your negotiators, if approached for a second time.
The key to success is to take your time and ensure that ALL your creditors and the amount owed to each is accurately entered onto the form that will be sent to you. We strongly suggest that your list all your creditors and the amounts owed to each BEFORE you actually apply for the scheme. This then gives you an accurate basis from which to talk to the debt management consultants. It also gives you time to check and double check your true financial situation before the form arrives in the post.
Once a revised repayment schedule has been agreed with all your creditors you will be asked to send a monthly payment to your debt management consultants, who upon receipt of the same, will then distribute the monthly payment according to the agreed schedule of repayment. Once this program has commenced it is vital that no payments are missed. If a direct debit or standing order facility is offered to you by the specialists we feel this is the best way to ensure no mistakes happen. A single missed payment will be deemed, by your creditors, to be a breach of your agreement with them. They may then decide to act unilaterally and to declare the agreement null and void - you would then be back to the same situation you are in now.
By entering into a debt management program you will immediately start to feel reduced anxiety and pressure which all too often, has become the norm. No longer will you face debt collectors on your doorstep, those intimidating, unwelcome and difficult telephone calls, no more threatening letters will drop through your letterbox etc. That alone, for many of our Clients, makes entering into a debt management program worth the effort.
Often our debt management consultants are able to reduce your monthly repyments by as much as 50% - YES a massive 50% - half of what you are currently paying.
Solve Debt is a trading name of A1 Internet Loans Ltd - licensed under the Consumer Credit Act 1974 - Licence No 512438.
Our role is to assist those in financial difficulties.
This has normally been undertaken successfully by the utilisation of one of the above techniques.