Apply For Debt Consolidation Loans Online.

July 15, 2009 - PRLog -- If you put out a considerable sum of money every month on credit cards, homeimprovement loans, personal loans etc,  debt consolidation loans can be a good way to cut down on your outgoings, in addition to making your finances more manageable One of the main problems that people have with borrowings, is by having too many individuakl units of debt spread all over the place as it were.
Debt consolidation loans take out all your bits and pieces of debts, and rolls them all into one single monthly repayment. If you are a homeowner, in particular, you can obtain a debt consolidation loan at a very favourable rate of interest. The interest rate for debt consolidation loans starts at present at about 8% APR.This is because if you are a homeowner  debt consolidation loans are secured.
This rate compares more than favourably to your credit cards which will normally nowadays have an interest rate of betwen 20% to 40% APR.Your personal loans will normally have a higher rate also. If you only pay the minimum payment to your credit cards the balances do not come down much monthly,and experts reckon that it takes about twenty five years to clear off your cards.
If you have £40,000 in credit card balances , and pay only the minimum payment it will cost £1,200 monthly, whereas debt consolidation loans for that amount would cost in the region of £500 per month over a ten year repayment period.
The rates of course depend on income, equity and status, but whatever  your status it is worthwhile obtaining a quotaion, and it is bound to save you money.

http://.www.championfinance.com

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Champion Finance has been established since 1985. We are homeowner loan specialists, and arrange loans for all purposes and circumstances, including debt consolidation. Whole of market mortgages and remortgages arranged through all lenders, eg. Woolwich, Halifax, RBS, Nationwide, Accord, etc. etc. Debt plans also available.

http://www.championfinance.com