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The Top Three Things You Need To Be Careful Of
- Beware of adverts promising drastically reduced monthly payments!!
Debt management firms advertising "Lower Your Monthly Payments
By 30% to 50%"
What this actually means is that by lowering your monthly obligation
can be done depending on your particular mix of creditors, however
a drastic reduction in the monthly obligation must be submitted
to the creditor as a "hardship" and this will
ruin your credit!!
- Debt management firms that quote payoff times!!
When you ask the debt management firm how long will it take to
pay off what you owe, if the company gives you an answer like
"4 years" or "52 months" you are probably
dealing with a salesman not a dedicated adviser who really cares.
- Are you having planning on applying for a mortgage in the
future?
If you are planning on applying for a mortgage anytime in the
near future, it is EXTREMELY IMPORTANT that you let us advise
you on how to handle your consolidation or you may end up waiting
years before getting your new home. Watch out for debt consolidation
and remortgage companies that do nothing but jeopardize your ability
to get the credit.
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web: www.insolvencyhelpline.co.uk | email: info@insolvencyhelpline.co.uk | tel: 0800 074 6918
