How to Beat the Debt Trap

Debt Trap

Most people nowadays have taken advantage of credit and store cards, with every intention of quickly paying them off, only to find that other bills arrive putting paid to the good intention of clearing them.

Still, there is always next month, but then the car breaks down, or holidays come around and then before you know it, it's Christmas and the debts increase instead of decrease. All of a sudden, your credit repayments are eating up your monthly salary leaving you with little, if any, money left over for yourself.

If this sounds an all too familiar story, then don't despair. There is light at the end of the tunnel.

Take a look at the following example of a typical credit commitment and see how by re-aligning the debts by means of debt consolidation, significant savings can be achieved....

Current Credit Commitment	Debt Amount	Monthly Repayments
Credit Cards	£3,000	£150
Store Cards	£1,000	£50
Personal Loan	£4,000	£188.65
Total	£8,000	£388.65

How We Can Help

With a low cost loan from 1 Stop Loan Shop, you could pay off your existing credit debts, perhaps borrow an additional £5,000 for any purpose to spend as you like, (or use it to get back on an even keel, use as an emergency fund, or keep it for a rainy day). The result is that you reduce your monthly outgoings and have money in your hand.

1 Stop Debt Consolidation

New Loan	£13,000
Term of Loan	120 Months
APR (Variable)	8.9%
New Monthly Repayment	£161.91

Consolidation Loan- Savings Comparison

Current Monthly Credit Repayment	£388.65
New Monthly Repayment	£161.91
Total Monthly Saving	£226.74

For someone earning a salary of £25,000 per annum this equates approximately to a 15% pay rise when you consider that the money you save is money that you have paid tax on!

Just think what you could do with the extra money!

Use our budget planning Loan Calculator to see how much you could reduce your bills by

With access to all the major UK banks and lenders, (and some of the smaller lenders), we are confident that we can find the right loan for you at the lowest possible rate.

With so many different loans available and so many lenders, it is easy to get confused. We will search all the loans available from the UK lenders on your behalf and get the best rate loan for you. We will get you a quick decision with no hassle and minimum fuss.

Easy, quick and hassle free Loans

Refinance expensive debts and free up money

Borrow any amount from £1,000 to £100,000

Terms available from 3 to 25 years

It costs you nothing to find out how much the repayments on a low cost loan will be. Just complete our simple online application form, and we will get back to you with a no obligation quote.

Your loan could be with you sooner than you think!

You now have an increase in monthly disposable income of £226.74! That's an extra £2720.88 per annum!

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