Free debt consolidation
is offer by a number of debt management companies in the united kingdom. Debt consolidation is a simple way of consolidating your debt in to one easy manageable monthly payment. Free debt consolidation is not always free and more often then not debt consolidation firms will be making money somewhere. They may sell you the idea of free debt consolidation however there is always a cost involved somewhere along the line. Unfortunately there is no easy way of getting rid of your debt quickly. If you have taken out credit then you will have to pay it back at some point. Debt management plans, IVA 's and free debt consolidation products are all products that are now available more then ever before. An IVA is really the only agreement that will potentially write off up to65% of your debt however you have to be aware that this is a legally binding agreement between you and you creditors and it is lodged at your local county court.
Free debt consolidation is normally an easy and less stressful way of reducing what you are paying back to your creditors and potentially saving you money in the long run. Credit cards are the main credit facility that consumers are putting on to a free debt consolidation plan. The reason for this is that where we could transfer our balances to 0% cards time after time over the last 5 years credit card companies are now seeing the majority of consumers as financially over committed and will reject your application. Debt consolidation or "free" debt consolidation is now becoming they only way to get your debt of a 19% APR product and transfer it on to a more suitable interest rate that lasts for 3 to 7 years and you will no it is going to be paid off within that time frame.
