As a peer-to-peer lending platform, we bypass the banks and can often offer you much lower rates, making your debt more manageable.
And our quick and simple application process means your money can be in your bank account within two working days.
And if you don’t keep up with your repayments the lender has the right to repossess your home.
Because you’ve cleared these debts, rather than making several different debt repayments each month, you’ll make just one.As a result, you may find that your finances become more manageable each month.If you decide it’s the right move for you, one way of consolidating your debts is by remortgaging.By extending your mortgage, the extra money you borrow against your property can be used to pay off all your outstanding balances on any existing credit cards or personal loans.But before borrowing more money, you should work out whether you can afford the payments - including the interest - each month.
One way to do this is by looking at your monthly budget.
But it’s vital you keep on top of all your credit agreements, as any missed payments will have a negative affect on your credit history.
If you’re struggling to juggle all your payments, you may be considering a debt consolidation mortgage. You can find out more about debt consolidation and your options here.
Your mortgage payment may well be your biggest monthly outgoing.
So it’s important you’re confident you can afford it.
Use the funds to pay off all your unsecured debts, and you’ll be left with one monthly payment to your secured loan provider.