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Debt Consolidation from Pounds to pocket

A consolidation loan is simply a loan that pays off all your other loans. Once you consolidate a loan, you owe that money to the new lender, not to the original creditor. A consolidation loan may lower your monthly payments, either by reducing your interest rate or by extending the length of time for repayment.

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Debt Consolidation from Pounds to pocket

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  1. Debt Consolidation ?????? The word consolidate means to bring together. To make Different things into one. A consolidation loan means taking all of your debts and using a service of loan to combine them into one big debt. A consolidation loan usually means fewer payments to make each month, since all the individual debts are now one, and a smaller payment.

  2. How a Debt Consolidation Loan Works for You? Reducing Your Monthly Payments. Improve your Credit Rating. Reducing your interest rates that you have been paying for all loans.

  3. Advantages of Debt Consolidation Loan Debt consolidation loans usually have a lower Interest rate and tend to be spread over a longer period. So your weekly or monthly payments become smaller. Debt Consolidation can manage your budget in an easier way so, you only have to manage one loan. You will have to pay a lower interest rate with a consolidation loan.

  4. Types of Debt Consolidation loan There are most likely 2 types of debt consolidation loan available in every financial market as : • Secured Debt Consolidation • Unsecured debt consolidation

  5. Secured Debt Consolidation Secured debt consolidation is the loan that is tied to an asset as a security in the case while you are not able to repay the loan amount.

  6. Unsecured Debt Consolidation Unsecured Debt Consolidation is the Loan that doesn't require any kind of asset as security it is just depend on your credit history because you are considered high risk for a lender.

  7. Secured Factors Secured Debt Consolidation • Easier to obtain from a lender. • Higher borrowing amount allotted • Lower interest rate with tax deduction • Longer repayment terms

  8. Unsecured Factors Unsecured Debt Consolidation • No asset risk • Shorter repayment term • Lower borrowing amount allotted • Higher interest rate

  9. Key Fact of Debt Consolidation A debt consolidation loan can provide an opportunity to improve your credit if you use it as a financial plan, as opposed to just shifting debt around.

  10. About Us Pounds to Pocket Loan is staffed with experienced corporate finance specialists, investment bankers and financial analysts As we are the leading corporate firm of financing.

  11. Contact Details Website: http://www.poundstopocketloan.co.uk/ Address:223 Regent street, London W1B 2QD Tel :+44-2033070288

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