Unaffordable Debt Consolidation Loans
People looking to consolidate their debts through a secured loan, in order to try and ease the monthly payments and hassle of dealing with multiple creditors, have more than likely already stretched their finances too far. People entering into debt consolidation loan agreements are repaying an average of around 113 per cent of their salary, so spreading payments across a greater loan term with a secured loan could be a good option for some people. For most banks the number one reason for a secured loan is still debt consolidation. However the average level of debt in the UK is around  27, 000 and the average age of people in debt is 43, split 42 per cent male and 58 per cent female. ...
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