All Debts Consolidated Within 5 days For Young Couple From Cambridge
We were approached by a young couple from Cambridge who for various reasons were struggling with financial debt. Between them they had accumulated seven credit cards all with maxed out balances, multiple fully utilized overdrafts and a handful of personal loans, all on varying higher rates of interest and all requiring payments each month. The clients were only able to meet the minimum monthly requirements so the balances were remaining virtually unchanged.
Urgent action was needed but their own bank and several others had rejected their applications for debt consolidation as they failed to pass the tick box underwriting decision making preferred by those lenders. UK Property Finance suggested a debt consolidation loan with one of our chosen lender panel and accessing the preferential underwriting we had managed to negotiate. We carefully presented the clients case to the lender and successfully proved the benefits of repaying the clients multiple debts with one single payment, competitively priced loan which ensured the subsequent repayments would be well within the clients means.
Ultimately, we managed to shrink the clients monthly outgoings by approximately 45% by reducing the overall interest charged. This provided our clients with significantly more disposable income and helped them to revert back to enjoying life again.
As their consolidation loan was offered in the form of a second charge mortgage loan secured against their property, we were able to negotiate an unbeatable rate of interest via the preferential rates negotiated from our panel of carefully chosen market leading lenders.