A major advantage of debt consolidation is convenience. Instead of paying 5 - 6 different loans and credit cards with different interest rates at different times you consolidate all debts into a single loan with one monthly payment.

After debt consolidation your monthly repayments should be lower as well as your interest rate. Also, your debt will be much easier to manage.

Simple debt consolidation is most effective for people with clean credit rating, however there are several solution for your debt problems.

Regardless of your credit rating we can find a solution for your financial situation. Your paid defaults, unpaid defaults, bad credit rating, arrears or just clean credit rating will dictate what option is available in managing your current debt.

For example persons with clean credit rating will be able to simply consolidate all their debts into one single loan. If they have a large debt and a current mortgage they can also refinance mortgage, (merging their current debts into their mortgage).

On the other side a person with many unpaid finance defaults and without a mortgage will have to consider a different solution, for example a Debt Agreement.

A Debt Agreement is a legally binding agreement with your creditors. Usually you pay an agreed monthly sum for a period of 3 to 5 years and the interest on your debts is frozen.

In many cases the money you have to repay using debt agreement will be less than the total amount you owed before the debt agreement. Debt agreement will protect you against legal action by your creditors. Your monthly payment will depend on your income and liabilities.

Of course there are other options available to you. To find out how we can help you with your current debt, simply fill out the form on the right and one of our debt management experts will contact you. This will be a no obligation, free advice on your debt situation.