Welcome to the DebtLine Direct blog

Debt Line Direct (www.debtlinedirect.com), are a recognised debt management company that have helped thousands take control of their debts and helped them to become totally debt-free.

The way we work is very different from other debt management companies because we are not driven by money whereby some debt companies simply only care about the sales coming in. We're unique because our friendly and trained staff have been in the same situation as you. That's right. WE'VE been there. So you can expect only the utmost respect and compassion and inpartial advice.

We help you get rid of your debts with various strategies. Our main one is to create a debt management plan which is to basically consolidate all your monthly repayments into one affordable payment each month. Once all the paperwork is signed we then also contact your creditors on your behalf making sure they will now leave you alone. If they do contact you after we get in touch with them, then simply hang up because by law they should not be ringing you once we step in.

We also offer other options such as an IVA, Trust Deeds and Bankruptcy. We take away your stress and strains by offering you a way out.

If you have any questions, queries or quandaries please contact us by e-mail at enquiries @ debtlinedirect.com.


We also run a separate website called THE MONEY EXPRESS which is a U.K money comparison website in which we compare masses of products such as credit cards, loans, bank accounts, utility bills, insurance and mortgages.








Tuesday

Benefits of U.K debt consolidation loans

at 8:55 am Labels: , , ,
5 Benefits of U.K debt consolidation loans

One of the best things that you should do if you are overburdened with multiple credit card debts is to consolidate them. Consolidating your debts is certainly better than paying off multiple creditors. In the U.K, the best way of consolidating your unsecured debts is to obtain a debt consolidation loan. Other than debt consolidation loan, a debt consolidation program can also help you pay off your debts in affordable monthly payments. Debt consolidation is quite common in the UK and it has been considered as the best way to resolve your debt issues. Have a look at the 5 benefits of UK debt consolidation loans.

1. Single monthly payment:
The process of a debt consolidation loan involves taking out one loan in order to pay off all your other loans. Most debtors in the U.K have multiple credit cards and have huge balances on each of them. By using a debt consolidation loan, you can consolidate all you debts into a single monthly payment. Instead of multiple accounts and multiple deadlines, now you just have to concentrate on one single debt account. Collect all your savings and put it into this single debt account. Your debt consultant will disburse this account to your creditors.

2. Reduces interest rate:
A debt consolidation loan, like a debt consolidation program, reduces your interest rate on your loan. Credit cards generally have the highest interest rate and that is the main reason why credit card debts are the most common form of debt in the UK. By utilizing a debt consolidation loan, you can save a considerable amount of money as you have to pay lower interest rate over the life of the loan.

3. Stops collection calls:
If you take a debt consolidation loan, you can easily pay off your debt with affordable monthly payments. Therefore if your creditor is satisfied with your payments, then he will not turn your account to collection agencies. This waives off the possibility of harassing creditor calls. These calls can be stressful and annoying. Taking out a consolidation loan will help you to get rid of collection calls.

4. Protects your credit score:
Paying off your debts by taking a debt consolidation loan often protects your credit score. Generally failure to make your credit card payments on time hurts your credit score. So, as you are now making timely and regular payments with the debt consolidation loan, your credit score will not be hurt to that extent.

5. Reduces stress:
Debtors who are overburdened with huge credit card debts are always in stress. Nothing can be more stressful than not being able to pay off your debts. So, a debt consolidation loan can reduce this unnecessary stress by helping you with your monthly payments.

Before taking a debt consolidation loan, it is very important to shop for debt consolidation quotes. Other than consolidation loans, a debt consolidation program can also help you with paying off your debts systematically and lead a debt-free life.

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)