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Reduce all your current interest rates and
consolidate all your existing creditor.
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What is a Consolidation Loan?
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Consolidate all your debt payments into one affordable payment A consolidation loan is a larger loan that is used to consolidate all existing credit card, loans and other debt payments into one more manageable loan and monthly payment. A consolidation loan normally comes in the form of a secured loan, as secured loan interest rates are lower and this will reduce your monthly payments. Unsecured consolidation loans are available, but they are very difficult to obtain if you have an adverse credit rating.
Consolidation Loan Criteria:
Must have a perfect credit rating
May have to be a home owner with equity in the property
Must be in full-time employment
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Consolidation Loans Benefits:
One single affordable monthly payment
Debts cleared in full over a set term
Can help repair your credit rating
Any bailiff and legal action will stop
Stop harassing letters and telephone calls
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