Debt from Personal Loans

[sakitha]

Hai,

Are you struggling with debt?
Many people are in debt from personal loans. The UK Insolvency Helpline receive of around 5000 calls each week from the UK public struggling with debt from personal loans that are costing more than they can afford.

Many callers have long term loans and their loan rates often have very high interest rates. One of the main reasons why people are get into debt is because they are unable to obtain personal loans at cheap rates because have had past credit problems.

Sometimes they have not had problems at all, but their credit records are showing lenders information that might be incorrect or misleading. These types of people are vulnerable to get into debt by taking out personal loans at extortionate interest rates.

Many callers with debt from personal loans have signed up for loans in a rush without reading information properly and doing proper cost comparisons. Some loan companies charge to 95% interest on their loan products.

Please note that loan sales staff do not force clients to sign up for the loans they take, but clients often report that they felt rushed into agreeing to take their loans. Some clients have reported ringing loan companies trying to refinance their loan to a slightly lower one (but still higher than the average credit card). These clients are told that they would be able to borrow more and pay the same amount a month, when the clients ask why they should do with the extra money, they are told do do whatever they wanted with it. This practice is very irresponsible, and maybe this attitude is sales target orientated.

The service by The UK Insolvency Helpline is free of charge and is without obligation. The advice provided 100% confidential. The UK Insolvency Helpline is registered with the UK Office of Fair Trading and Data Protection Registrar.

The team can help in just some of the following ways:

* Whether you are looking for debt advice from a secured loan, homeowner loan or personal loan
* We can help you find debt advice from personal loans
* The advice team can help you you if you have a bad credit history, arrears or CCJ's relating to debt from personal loans.
* We can help you find out more about debt management as a solution for debt from personal loans
* The money advice workers can help you find out more about IVAs as a solution for debt from personal loans.

The specialist money advisers offer debt advice relating to all types of personal loan to all types of UK residents. We can help callers if they are tenants, homeowners, self employed or people with credit problems arising from debt from personal loans.

By using The UK Insolvency Helpline "debt from personal loans" team callers can see how to negotiate with the loan providers in the UK including both personal loans and homeowner loans.

We get many calls from the public who are are worried about their bad credit history. By discussing your problems and completing a questionnaire about your credit history, the advice team will be able to improve the debt from personal loan situation.

Please note callers are advised to think carefully before securing other debts against their hone. Your home may be repossessed if you do not keep up repayments on a mortgage of any other debt secured on it. Despite this warning the UK public still gets heavily on debt from personal loans.

The reality is that people take out loans for a number of reasons. Our social policy unit has the twelve most popular types of loans people get into debt from.:

* Debt from unsecured personal loans
* Debt from secured loans
* Debt from unsecured loans
* Debt from home loans
* Debt from car Loans
* Debt from education loans
* Debt from payday loans
* Debt from holiday loans
* Debt consolidation loans
* Debt from logbook loans.
* Debt from home improvement loans
* Debt from business loans

Unfortunately there are thousands of profit making sales organisations that arrange unsecured personal loans. Many of these companies will push callers to borrow from

[Nicholas_B]

I advised my friend to go to a debt company where they would be able to advise on not only his business debt but his household debt as well. They had suggested 2 options for him- debt consolidation and a plan which would help him manage his debts- It has helped him so much and you can see the difference on how it has affected him and his business - he is happier! It was tough at the beginning but he has got through it and is stronger.