Debt Reduction
What is debt reduction and why is it advisable?
Many borrowers now find themselves in debt with their outgoings exceeding their income.
With this in mind it makes sense to negotiate the total amount of your outstanding debt with your creditors as this could mean a saving of between 20% and 50% (any savings are based on individual circumstances and can not be guaranteed).
Once you have agreed with us, we can begin to try and reduce your outstanding credit, we or your broker will forward you an example quote for one affordable monthly payment, based on consolidating your reduced debt. We aim for a reduction of 20% on unsecured debt, and our success in negotiation with your creditors could mean even more savings.
By negotiating reduced balances with your creditors and opting to manage remaining debt through a re-mortgage or secured loan, your credit rating will improve.