Originally posted 2010-02-19 02:10:21. Republished by Blog Post Promoter

One of the most important things to bear in mind when talking about debt is that debt must be dealt with immediately as soon as it’s presence becomes apparent.

Many simply will not stare at their debts in the face and square up to them.

People think wrongly that debt will simple go away.

This is certainly not the truth as debt will not disappear over night of over the course of time, but will remain and grow and spread like a cancer destroying everything in it’s path, which in the case of debt is mental and physical health and peace of mind.

Soon for a person in debt the only thing that permeates his entire existence is debt and nothing else is of interest.

Extreme fatigue soon sets in as a good night’s sleep becomes a thing of the past and the lack of sleep exacerbates the debt worries as it is more difficult than ever to cope with life when in a state of constant fatigue.

When the mail comes through the letter box each morning you cringe knowing that it will be credit card statements that you are finding difficult to pay or demands if matters have become more serious.

The ring of the telephone makes you almost physically sick and you wish that they would all go away and leave you alone with your thoughts.

There is no need for anyone to struggle on with debt as there are debt solutions available to help those who are just struggling slightly due to having taken out too many credit cards or those who are in a serious situation.

People sometimes take on too many credit cards not taking account of the fact that they already have three credit cards when they take out a fourth, and before long they find that making repayments of the total balances of £20,000 on the four cards with a minimum payment of £600 is proving too expensive for them.

All individual bits of debt can be lumped into one by debt consolidation.

For homeowners, debt consolidation is best achieved by either a remortgage or a secured loan, commonly called a homeowner loan.

With credit cards having interest rates of at least 20% and as much as 40% or over, paying them off with a remortgage with interest rates from 1.Secured loan rates start at round about the 9% mark and remortgages are from 1.98% and therefore they are both useful home loan products.

Great savings, running into hundreds of pounds, can be made as well as finances becoming easier to handle.

For those who do not own their property or homeowners not eligible for a remortgage or a secured loan obtaining the correct debt advice and debt help from an expert will offer other debt solutions to help those in debt become debt free once more.

Champion Finanace is one of the longest established secured loan brokers in the counry if not THE longest established. You can therefore trust Champion Finance to arrange your homeowner loan or your whole of the market remortgage or mortgage Debt consolidation, debt management, debt advice, debt solutions and Trust Deeds, and IVA’s also arranged. http://www.championfinance.com/debt_advice.htm

Article Source: ArticleSpan

Filed under: Debt Collection Articles

Like this post? Subscribe to my RSS feed and get loads more!