In the current financial climate many people are finding it difficult to keep up monthly repayments on their credit cards, loans and other forms of finance. More and more consumers are looking at different debt consolidation options as a way of getting out of trouble.

There are several debt consolidation options available, the most common being a loan. Since the onset of the credit crunch, however, the availability of finance for secured and unsecured loans has been severely restricted leaving many people unable to borrow their way out of trouble.

For consumers struggling with their monthly repayments the better choice may be a Debt Management Plan or an IVA (Individual Voluntary Arrangement). Both of these debt consolidation alternatives will gather all unsecured debts into one affordable monthly payment, without having to borrow more money.

Reputable organisations that can offer help and advice on the different options available include Chiltern Debt Management, Hamilton Locke and The Debt People.

For more information on the debt consolidation solutions that may be available to you, please call the freephone number at the top of this page.