Benefits of a Debt Consolidation Loan

Written by John Mussi


Continued from page 1

With a Debt Consolidation Loan you can borrow from £5,000 to £75,000 and up to 125% of your property value in some cases.

A Debt Consolidation Loan is a low cost loan secured on your home. It frees uprepparttar spare capital (or equity) in your home to repay your store card and other debts.

There are also disadvantages to a debt consolidation loan such as:

Can pay more over a longer period.

May incur additional costs for setting uprepparttar 138336 loan.

If secured, your property may be at risk.

You will be left with only one creditor - this can make it difficult to negotiate should you have further problems in repaying your loan. Ifrepparttar 138337 loans you are consolidating have allrepparttar 138338 interest added atrepparttar 138339 start you may in effect be paying interest twice. The interest charged forrepparttar 138340 first loan andrepparttar 138341 interest charged forrepparttar 138342 consolidation.

You may freely reprint this article providedrepparttar 138343 author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


Benefits of a Home Owner Loan

Written by John Mussi


Continued from page 1

Pay of store card

Pay off credit card debt

Debt consolidation

Another good reason for a taking a home owner loan would be if you had a poor credit history.

Many lenders look more favourably on people who are home owners as this demonstrates a commitment to repay a large amount of money over a long period.

A Home Owner Loan offers you low cost borrowing with low monthly repayments.

With a Home Owner Loan you can borrow from £5,000 to £75,000 with repayment terms of between 5 and 25 years.

A Home Owner Loan is great if you want to raise a large amount; are having problems getting an unsecured loan; or have a poor credit history – you may be able to get a Home Owner Loan even when you have been turned down for an unsecured loan.

You may freely reprint this article providedrepparttar author's biography remains intact:

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.


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