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.
Budgeting can help reduce debt
Working out a budget and sticking to it is the best way to sort out debt for the new year, according to the Consumer Credit Counselling Service (CCCS).
Frances Walker, spokesperson for the CCCS, said that the strategy of working out an annual budgeting to take account of quarterly or yearly expenses is a good place to start.
The beginning of the year "is also a good time to look at income maximization - making sure you are getting all the benefits and tax credits you are entitled to", she explained.
Ms Walker added that if more than 20 per cent of a person's income has been earmarked for payments to credit cards or personal loans, that person is "over-extended".
According to the most recent Credit Action figures, the total amount of personal debt in the UK is currently £1.4 billion and the average household owed £56,234 including mortgages.
