Repaid in manageable payments which fit your budget, homeowner secured loans are secured against your property and offer a workable way to source significant finance.
When consolidating credit to reduce your monthly outgoings, you should be aware that it may take you longer to pay off your debt.
You should be aware that there may be other finance options available to you such as a remortgage, a further advance with your first charge lender, or an unsecured loan.
Refinancing debt is also a smart strategy, especially for those in the post-grad plateau— the early stages of a promising career—with plenty of raises just around the corner.
For many of us in the UK, a poor credit history is a tricky fact of life.
At Willows Finance we understand just how frustrating and tough it can be to source finance when your credit history isn't spotless.
Your monthly payment would be about 7, while your total interest cost would be about ,972—and that’s if you don’t continue to charge new credit card debt.
But if you qualify for a 7.5% APR personal loan with a three-year term, and use it to refinance your credit card debt, your monthly payment would go down by and you’d save over ,000 on total interest over the life of the loan.