Having some form of debt is part of everyone’s life. In many ways, your ability to manage debt becomes advantageous as it gives financial institutions confidence in your ability to pay. Hence, with a good credit score comes better borrowing opportunities. Managing debt is no easy task. If things get out of hand, you may end up in more hot water than you were in initially. If you are having trouble with multiple debt payments, you may consider a debt consolidation option to manage your obligations. What is debt consolidation? Debt consolidation works by taking out a new mortgage to […]

Is it a good idea to remortgage to pay off debt? Without speaking to an adviser it can be difficult to know the true overall costs and whether or not a debt consolidation mortgage is the right solution for you. It is important to consider the new overall interest costs of repaying your debts within your mortgage. It is also important to understand that whilst repaying debts within the mortgage can potentially save you money, it could also end up costing more in the long run. What are the pros of a debt consolidation mortgage? There are definite advantages to […]