Debt Consolidation from Pounds to pocket - PowerPoint PPT Presentation

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Debt Consolidation from Pounds to pocket

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A consolidation loan is simply a loan that pays off all your other loans. Once you consolidate a loan, you owe that money to the new lender, not to the original creditor. A consolidation loan may lower your monthly payments, either by reducing your interest rate or by extending the length of time for repayment. – PowerPoint PPT presentation

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Title: Debt Consolidation from Pounds to pocket


1
Debt Consolidation ??????
  • The word consolidate means to bring together. To
    make Different things into one.
  • A consolidation loan means taking all of your
    debts and using a service of loan to combine them
    into one big debt.
  • A consolidation loan usually means fewer payments
    to make each month, since all the individual
    debts are now one, and a smaller payment.

2
How a Debt Consolidation Loan Works for You?
  • Reducing Your Monthly Payments.
  • Improve your Credit Rating.
  • Reducing your interest rates that
  • you have been paying for all loans.

3
Advantages of Debt Consolidation Loan
  • Debt consolidation loans usually have a lower
  • Interest rate and tend to be spread over a
  • longer period. So your weekly or monthly
  • payments become smaller.
  • Debt Consolidation can manage your budget in an
  • easier way so, you only have to manage one loan.
  • You will have to pay a lower interest rate with a
  • consolidation loan.

4
Types of Debt Consolidation loan
  • There are most likely 2 types of debt
  • consolidation loan available in every
  • financial market as
  • Secured Debt Consolidation
  • Unsecured debt consolidation

5
Secured Debt Consolidation
  • Secured debt consolidation is the
  • loan that is tied to an asset as a
  • security in the case while you are
  • not able to repay the loan amount.

6
Unsecured Debt Consolidation
  • Unsecured Debt Consolidation is the
  • Loan that doesn't require any kind
  • of asset as security it is just
  • depend on your credit history
  • because you are considered high
  • risk for a lender.

7
Secured Factors
  • Secured Debt Consolidation
  • Easier to obtain from a lender.
  • Higher borrowing amount allotted
  • Lower interest rate with tax deduction
  • Longer repayment terms

8
Unsecured Factors
  • Unsecured Debt Consolidation
  • No asset risk
  • Shorter repayment term
  • Lower borrowing amount allotted
  • Higher interest rate

9
Key Fact of Debt Consolidation
  • A debt consolidation loan can provide an
    opportunity to improve your credit if you use it
    as a financial plan, as opposed to just shifting
    debt around.

10
About Us
  • Pounds to Pocket Loan is staffed with experienced
    corporate finance specialists, investment bankers
    and financial analysts As we are the leading
    corporate firm of financing.

11
Contact Details
  • Website http//www.poundstopocketloan.co.uk/
  • Address223 Regent street, London W1B 2QD
  • Tel 44-2033070288

12
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