First Mortgage Trust
Address: P.O. Box 2587, BATH, BA2 6ZA
Email: admin@mortgage-loan-uk.net


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Debt Consolidation/loan enquiry

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Debt Consolidation Loans: Impartial debt consolidation advice, short term bridging finance. commercial mortgage facilities, loans for most purposes. Debt Consolidation will replace multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. Debt Consolidation loans for the consolidation of your existing loan debts such as credit cards.

With debt consolidation you are still paying interest on loans, but the aim is to reduce these costs by consolidating everything into one loan. Debt consolidation loans are made available to help individuals manage their debt in a more contolled fashion. Are your debt spiralling out of control? Are you finding it difficult to meet payments every month?

But consolidating existing credit commitments should not be considered a cure-all. If used properly it can help you get debt free faster. But if there are more serious underlying problems, then it may only grant temporary relief.

When a debt consolidation loan can be the answer

  • If you're paying high interest charges on your existing debts and want to switch to a cheaper alternative.
  • If you need to reduce the size of your monthly payments, perhaps because of a reduction in income.
  • If you need to release additional money to meet unexpected commitments, freeing up extra cash from your home whilst ensuring your montly repayments don't increase.

When a debt consolidation loan is not the answer

  • If you've already consolidated your debts several times in the past.
  • If this consolidation loan includes debt still owing from previous consolidations.
  • If you want to move debts from credit and store cards so that you can start using those cards again.


When considering the total cost of the loan, you have to balance any personal benefits to paying a reduced monthly payment, even if the payments are stretched over a longer length of time. When a consolidation loan is taken out, the issuer will either make direct payments to your existing creditors, or will advance the loan to you directly, and you will be responsible for paying off the debts yourself