Monthly Archives: October 2012

Consolidating your debts into mortgage

How Does It Work? The concept of debt consolidation is a simple one – you collects a number of high interest debts and put them into a single cheaper loan which reduces your monthly repayments and therefore makes it easier to maintain repayments as they fall due. With Consolidation into the mortgage, you effectively need to either refinance your current...
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Consolidating debts despite bad credit

Most people think of debt consolidation as a single personal loan that can absorb all of your outstanding high interest debt into a single low interest loan. Certainly this is the ideal scenario, but to qualify for such debt consolidation the borrower needs to have a clean credit history, a well paying stable job. Essentially the bank will only consider...
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