Debt Management »
We'll come up with a debt management solution based on your individual circumstances.

Debt Consolidation »
Our experts can guide you through the range of debt consolidation options available.

Debt Help »
Kensington Financial Management Consultants are experts in providing debt help.

IVAs »
If you have a significant debt problem, you may be eligible to begin this legal process.

Trust Deeds »
A Trust Deed can lead to a significant proportion of your debt being written off.

Bankruptcy »
A Debt Management Plan, IVA or Debt Consolidation should be considered first.

Credit Card Bankruptcies Soar as Finances Left in Turmoil

It is, of course, extremely apparent just how open people's finances are to debt management problems in the current economic climate; with the credit crunch now giving way to what is expected to be a full blown recession. It goes without saying that this will prove untenable for many consumers and homeowner's finances and many will find themselves facing bankruptcy. Resultantly, large numbers will actively seek resolutions that are pertinent to their debt problems which will see many coming to the conclusion that credit card debt consolidation is the best means by which to ensure they get their arrears under control and avoid being caught up in the whirlpool of bankruptcies that has encircled the UK. According to the report on This is Money, some 13,653 were declared bankrupt between July and September in 2008 and this is approaching record highs for bankruptcy. Credit card debt consolidation is fast becoming one of the most feasible and affective means of tackling credit card debt and avoiding the financial repercussions of bankruptcy.

Credit Card Debt Consolidation – Housing Market Catalyst

According to the report on This is Money, one of the principle reasons for the increase and bankruptcies that has seen more and more turn to schemes like credit card debt consolidation is the fact that many overstretched themselves financially to get onto the housing market. Speaking to This is Money, economist Dr Howard Archer, states, "The many people who had to stretch themselves to the absolute limit to get into the housing market in recent years are particularly vulnerable."

Speak to Kensington Finance about Debt Consolidation

Kensington Financial Management Consultants Ltd is a total finance solutions company helping people all over the UK. We speak financial sense. We will allocate you a friendly advisor who will chat through your current situation and formulate a plan for you without obligation. Let us work out a financial solution based on your individual circumstances. It's our aim to help everyone who contacts us. With debt solutions from debt management and IVAs, mortgages & re-mortgages, secured & unsecured loans and advice and information for debt consolidation, bankruptcy and Trust Deeds, we can help. It really is worthwhile giving us a call or applying online today for a confidential chat with one of our friendly advisors. Call FREE on: 0800 096 4409.