A debt consolidation loan is a popular product used by thousands of Britons every year as a way to help pay off multiple debts. David Beard, founder of price comparison site Lending Expert, explains.
With this type of product, you are able to take any outstanding debts that you owe including credit cards, personal loans, mortgages and more – and place them into one single point of repayment, hopefully at a more affordable rate too.
This process should be more practical, convenient and help you to eventually become debt-free.
With the average British household needing around 19,000 to run their home each year and to stay on top of the bills, this can be an effective form of finance, but there are things you should consider.
The pros
A …
Read the full article at: https://www.northnorfolknews.co.uk/lifestyle/debt-consolidation-loan-pros-and-cons-8325556
