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Testimonials
“We are extremely satisfied with the level of service and professionalism combined with a friendly attitude of all the staff we spoke to, and would like to thank everyone at Harrington Brooks very much.”
Mr and Mrs B, Liverpool
“We were really pleased with the efficient way that Harrington Brooks handled our enquiry and by the speed in which our mortgage was finalised.”
Mr and Mrs S, Birmingham
“I found the staff at Harrington Brooks were all very polite, helpful and understanding. I couldn’t fault the level of service we received from start to finish.”
Mr J, Warrington
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Personal Debt Consolidation
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A personal debt consolidation loan may just be one of many ways to get out of debt. The most important thing to remember, however, is to get as much information about these loans beforehand. Debt consolidation is another loan that you take on to repay your currently existing ones. Often this is one of few remaining options left to individuals, and it could help them to get back on the road to a secure financial future.
Sure, it sounds strange to take out another loan on top of all your other financial obligations, which may include secure as well as unsecured loans, but with enough self-discipline and determination, it could work. A good interest rate should help, as well as the ability to repay the personal loan. There is no point in taking out a consolidation loan with impossibly high monthly repayments, only to default on it in a few months. A good personal consolidation loan may help you to be free of debt within a certain amount of time.
Take all your existing non-essential debts (these may include credit cards, loans or store cards), add up what you owe on all of them and approach a lender with a request for one loan that will be enough to cover everything. Should you only have this loan, it will mean you no longer need to finance eight or ten smaller ones. You will only have to pay one monthly amount towards your non-essential loans. These loans may offer individuals a better interest rate, so it is possible to repay them quicker.
Only non-essential debts may be included. All your other essential debts such as your mortgage or monthly rent should still be paid. So sit down and calculate how much you are left with each month once your priority debts are paid. You should be careful to only borrow a realistic amount that you can afford to repay.
This type of approach will only work if you stop spending on credit. Cut up your store charge cards and stop spending. Adopt a cash-only mentality; if you do not have cash, it means you can not afford to spend. Your debt consolidation efforts will pay off eventually and then you'll be able to enjoy your money once more. But it will be so much more worthwhile if you have learnt some good life-enhancing money habits in the process.
| Contact us now for further information and no-obligation help on 0800 0481 764 |
