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1. Home Solutions For Integrating Arrears - Debt
Consolidation Mortgage

2. Consumers today are getting wiser by the day. They are
educated and enlightened. They know what they want.
A change in their needs and demands has led to a
complete reworking of the market today. This changing
trend has led to some innovations in the loan market
itself. One of them is the online process of loan
borrowing. This has made loan market extremely
competitive and customer oriented. One of the biggest
financial drain - credit cards - led to huge debt problems
for consumers. Average Credit card debt rose from 1879
to 2748 in the last two years. With such an increase in
the debt - the only logical subsequent step will be online
debt consolidation.

3. Certainly! A debt consolidation for self employed is
similar to any usual debt consolidation. It consolidates
the smaller loans into a single loan. Debt consolidation
for self employed you can fuse unsecured loans, utility
bills, medical bills, or any other outstanding bills into a
single debt consolidation loan. This debt consolidation
loans has lesser interest rate and one single monthly
payment for all the loans. So instead of paying
separately on every loan, you save money by paying on
this low interest debt consolidation loan. The monthly
payments are usually lower thereby making it possible
for self employed to meet their obligation each month.

4. Debt consolidation for self employed is usually of two
kinds - secured or unsecured debt consolidation.
Unsecured debt consolidation will serve well for those
self employed who can offer no security for their loan
amount. Unsecured debt consolidation will have higher
interest rates than its secured sibling. Secured debt
consolidation requires security (home, car, real estate
etc). With home equity debt consolidation, the security
is in the form of home. This brings better rates, lower
monthly payments, convenient terms, and approval for
bigger amounts. With secured debt consolidation, a self
employed must be aware that he can affect the loss of
his property in case of non repayment. Though

5. that is the last resort. Self employed can use Debt
consolidation for the purpose of recovering credit. When
you make payments on time, it reflects in your credit.
Since monthly payments are lower with self employed
debt consolidation, you are less likely to miss your
payment and therefore improve your credit.

6. Debt consolidation mortgage has also become
synonymous with convenience. Instead of paying
monthly installments to different lenders at different
point of time in a month you take one single loan and
make payments on that loan. It is crucial to understand
that the new interest rate that you are paying should be
lower than the interest rate that you have paying
separately. Debt consolidation mortgage also has such
debt consolidation counseling and debt consolidation
credit management. Debt consolidation facts vary from
person to person therefore taking advice for debt
consolidation mortgage is a must.

7. According to the latest annual report from the APACS
nearly two thirds of adults have a credit card and
multiple card holding is a growing phenomenon in the
UK. More than six in ten card holders held more than
one card in 2004, with one in ten holding at least five.
With such statistical reports debt consolidation
mortgage has become mandatory in the changing
trends.

8. An average UK family has 13 payment cards including
credit cards, debt card and store cards. Although the
statistics vary it is estimated that an average family has
about 8,500 in credit card debt. Astounding! That is the
one word that comes to my mind. If one were to make
minimum payments it would still take about 30 years to
pay off the debt with an additional amount in the form
of interest. There is no doubt that above 40% of families
are spending more than they earn. With such a statistics
it is self evident that the number of bankruptcies is
increasing. According to Department of Trade and
Industry, bankruptcies are still on the rise in UK.
Bankruptcy is not what you ever had in your

9. mind. Then what is that you have in mind to overcome
financial obligation. Do I hear that? If that is what you
want then take debt consolidation mortgage.

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