How to bank cleverly

The development of the financial markets over the past twenty years has led to a wide range of products and services that can help us handle all our money matters. Sometimes the choices are bewildering and sorting out the essential from the desirable and the best value from the expensive can be devilishly hard. Furthermore, … Read more

Debt consolidation: The Pros and Cons

If you have outstanding debt on more than one credit line, for example loans, overdrafts and credit cards, then it can be a struggle to keep up with all of the monthly repayments, not least because you have to keep up with different bills coming in at different times.

That is why many people turn to debt consolidation loans as having the debt in one place makes it easier to manage. In addition, the monthly repayments can often work out to be cheaper.

There are a number of ways that you can consolidate your debts, for example through loans or remortgages, and each have their own advantages and disadvantages.

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