Is secured on your home. Rates depend on your circumstances; usually lower than an unsecured loan and often more flexible.
Not secured on your home. May not qualify you for the best rates. Applying to a number of lenders may affect your credit score.
Based on your information we recommend you speak to a personal debt adviser.
They will offer you advice on:
Whether a loan is your best option
Consolidating your debts
Reducing the amount you owe
How to freeze your interest payments
Protecting you from creditors
Based on your requirements we have selected the FSA regulated broker Broker Name to help you with your enquiry.
Please click 'Search' to confirm that you are happy for them to contact you by telephone/e-mail.
Finished
Thank you for your enquiry.
Your adviser will be in touch with you shortly.
Inflation and debts cause household budget squeeze
National money education charity Credit Action has warned people to seek help if they find they are using their credit card "as a necessity" and are struggling to pay the balance off each month.
Chris Tapp, director of the charity, said that there had been a "little bit of a jump in the rate of people borrowing" just before Christmas and that this could "squeeze people's budgets month by month".
He added that utility and food costs are rising and said that as "inflation kicks in, people find that more of their take-home salary is taken up paying for day-to-day expenses".
This in turn forces them to use their credit cards more than they usually would, which Mr Tapp describes as "a very worrying scenario to find yourself in".
He advised people to always pay their mortgage off before any other form of credit, but cautioned against using credit cards to pay the mortgage bills as "you can't do that forever".
According to Debt Help UK, Brits have five times more credit cards than the average European.
