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.
The Painful Pinch
According to a report on Sky News, the extent of the debt management situation in the UK is now so extensive that most people's wallets are being stretched to breaking point. Factors such as soaring inflation and an increasing cost of living are having a massive bearing on people's debt management capacity and more and more homeowners and consumers are saddled with debt. During 2008 large numbers are expected to try and resolve their financial arrears by seeking professional debt management advice and making use of schemes such as a debt consolidation loan. Debt consolidation loans often prove successful to those with large levels of debt owed to a number of different creditors.
Debt Consolidation Living on a Shoestring
Debt management is an issue that needs to be addressed head on in order to avoid being overawed by financial arrears. As such, more and more are aiming to step clear from debt through the use of schemes such as debt consolidation loans. According to the report on Sky News, after paying tax and meeting monthly bills, the average household now only has 20% of their gross income remaining compared to 28% in 2003/4. This difference is seeing more and more people being cut adrift in the sea of debt as their debt management plans are thrown into disarray. An over-reliance on credit is one of the primary causes for the debt management problems in the UK and those who have difficulty in meeting repayments to a number of creditors are opting to make use of debt consolidation loans. These are beneficial as they stop the pressure from the various creditors and amalgamate all monthly outgoings into a single repayment which is much more financially viable for the individual concerned.
Debt Consolidation Wage Concern
One of the main causes of concern when it comes to debt management is the fact that people's wages are rising akin to the increased costs of living throughout the UK which effectively is serving the purpose of sending thousands of Brits further into debt. Speak to Sky News, financial expert Jason Gordon states, Many UK consumer segments are clearly feeling the pinch as big rises in household costs are far outstripping relatively modest wage inflation. In order to stop debt management problems from hanging over their financial futures, many consumers will utilised debt consolidation loans in 2008 or seek professional debt management advice from experts who will be able to come up with a suitable resolution for their financial situation.
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.
