Bad Debt Consolidation Remortgage Quotes
A bad debt consolidation remortgage can help by enabling you to combine all your unpaid debts into one, which will lower your monthly outgoings.
Advantages of a bad debt consolidation remortgaging include:
- Consolidating all of your existing debts into a more manageable arrangement
- Reducing your monthly payments
- Releasing money to spend on other things
- Potentially saving money by finding a discount remortgage rate
Being able to get a remortgage despite having problems with bad debt, CCJs, mortgage arrears etc. When choosing a remortgage deal, you should be aware that even though your monthly payments may decrease, you will almost certainly be extending the term of your debt and the total amount that you end up repaying could be much higher. Most companies also implement a fee for securing your bad debt consolidation remortgage. There may also be various other fees that they might charge, such as valuation fees, arrangement fees, exit fees, early repayment charges (ERCs) and legal fees.
To see the latest deals available for bad debt consolidation loans, check out the table above.