Representative Example: The representative rate is 12.7% APR (fixed) so if you borrow £7,500 over 2 years at a rate of 9.44 p.a.
While it is generally true that there can be “good” debt and “bad” debt, Carpe’s approach to debt management is to first achieve the lowest possible interest rate before deciding which falls into which category.
You may even soften your life by gaining a loan and payment that has lower rates or new terms, which could shrink your monthly payments. By the time you know it, you can owe money to numerous diverse businesses and can hardly recall when to pay each bill.
As America endures through a tough economic weather, it's significant to get a grip on your funds and evade a devastating debt load.
You may still be able to get a loan to consolidate your debts even if you have bad credit.
Most lenders check your credit record when you apply for a loan, but some are still willing to consider your application even if you have had problems managing your finances in the past.
The challenge is that when you need a consolidation loan it can be hard to get one. Because lenders will take into account your current debt, which is, of course, the reason you need one of these loans!