Clients

"We were approved for a IVA with the help of Debt Response and we are now about £950.00 per month better off and in 5 years time we will be debt free. We advised some friends to approach Debt Response as well and they have been helped in the same way as us."
Mrs M Davies, Lincoln

Clients

"Debt Response handled everything for us, from setting up a new bank account to talking to our creditors and we're now saving £260 per month! Thank you, we could not have got through it without you..."
Mrs S Clarke, Cheshire

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Clients

"After countless sleepless nights I can finally relax knowing that my debts are being managed in the best possible way. The letter and calls have stopped and I can finally sleep easy. Thank you for all you help and advice..."
Mrs B Edwards, West Yorkshire

Address

  • Debt Response
  • Wilton Place
  • Basingstoke
  • RG21 7UD

Debt Consolidation

Debt consolidation involves paying off all your outstanding debts using a loan, credit card or other finance facility.

Consolidating you debt makes payment much easier and can lower the interest rate you are currently paying. It also allows for the finance period to be extended making monthly payment much more manageable.

The most common type of consolidation is a debt consolidation loan. A debt consolidation loan can be customised to fit around your level of debt and how much you can afford.

Another option is to use credit card offers where a 0% interest rate is available. This option should only be considered if you are able to pay off the debt before the interest free period expires (unless you can move the balance to another interest free card) otherwise you will be left with a higher than normal intest rate (typically over 18%).

Budgeting your finances is one of the most important factors when considering a consolidating your debt. Committing to repayments that you cannot afford will only leave you with higher debts and more serious financial problems.

A professional debt advisor can help you manage your finances successfully by setting a realistic budget, contacting your creditors and managing the repayment on your behalf.

More Debt Consolidation information...

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