Secured loans and 'valuable' debt management schemes
30/04/2008Secured loans and debt consolidation have a valuable place in modern society, one expert has suggested.
According to Chiltern Debt Management, a number of people are turning to debt consolidation loans to tackle their finances and the number of options available for this is aiding consumer who would otherwise be struggling.
Nathan Gladwell, a spokesman for Chiltern, said that people need to be realistic about their financial situation and seek help where necessary, fairinvestment.co.uk reports.
"Options like debt management can offer a valuable short-term solution whilst debts are brought under control and they ensure that debts are prioritised so mortgage or rent and utility bills are accounted for first," he said.
His comments follow recent research from the group which revealed that the average level of debt claimed by people seeking debt consolidation solutions, such as secured loans, has dropped to around £25,945.
 © Adfero Ltd
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