Debt Consolidation Loan

Have you been through a difficult time with your finances and found yourself accumulating debt from a number of sources? Borrowing for different reasons, and slipping into arrears here and there, soon builds up to a complex and nerve-racking financial juggling act.

One solution is to gather all outstanding debts together into a single, more manageable, loan called a debt consolidation loan. You will still have to pay back all the money owed, but with a debt consolidation loan you may be able to spread the costs out over a longer time period, making payments more manageable.

How much debt can I consolidate?

Lump sums, ranging from £10,000 to £250,000, are available. As long as you are over 18 and a UK homeowner, you can apply to use the value of your property to secure the loan. The maximum Loan-to-Value ratio (the loan expressed as a percentage of the property value) is 125% depending on the following personal circumstances:

• Income
• Property value
• Previous credit-worthiness
• Period of mortgage payments
• Employment history

What will my repayments be?

Individual rates depend on the personal circumstances of the borrower. Repayment terms can range from 3 to 30 years, allowing you to spread repayments over long enough to stay within your means, but short enough to minimise interest charges.

Discover how you could simplify your finances

As master brokers, Relax Finance have access to the whole market. Therefore, finding the best deal for you is fast and hassle-free. Click on our quick and easy Online Loan Application for a no obligation quote now and find out how you can overcome the hardship of multiple debts.

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Calculate your repayments and apply for your secured loan online now at: www.relaxfinance.com