What’s the point of worrying when a debt loan can help solve your problems?

The credit crisis is now well into its third year, and the economic effect it has had on some households has been enormous.

Not everyone has been financially affected by the recession, as the economic downturn has not affected job security in any way. These are people like school teachers, because children require an education, whether there is a recession or not. Other jobs that have not been affected by the layoffs are police officers, doctors and nurses, etc. People still get sick and require medical care today perhaps more than ever due to poor physical and mental health caused by financial worries.

Policemen and women are even busier than before as there has even been an increase in robbery related crimes due to the economic downturn. People who were moving towards breaking and entering, carjacking, etc., have now been pushed into a life of crime to survive.

Many households find it very difficult to manage their family budget these days due to cutbacks in their working hours. Some firms have asked their staff to work three or four days a week instead of the usual five, and it’s obviously difficult to manage on considerably reduced pay. Others who relied on working overtime on weekends or at night saw these paid overtime hours shrink, or indeed see it disappear altogether. Since most overtime is paid at an hour and a half or even double the normal hourly rate of pay, lost overtime can lead to a substantial drop in earnings.

Even the less fortunate have lost their jobs altogether, and those employed in the financial and manufacturing industries have lost their jobs en masse. This sad fact of life not only results in loss of income, but also completely demoralizes the person in question, leading to depression and loss of self-esteem, especially if you have been at work for a period of considerable time.

The incomes of many, many thousands of households have decreased, but the debts are not minor and must be paid now as before. Most people live within their income and if income was, say, £50,000 before the recession, your mortgage, credit cards and loans would normally be in line with that level of income.

Now, if you’re a homeowner, the best way to stop your financial struggles is to take out a debt loan to consolidate all of your outstanding credit card, personal loan, and installment purchase debt. The debt loan or consolidation loan combines all of your other debts by rolling them into one lower monthly payment, leaving you with only one debt loan payment each month.

Debt loans are available to homeowners with a good current 9% credit rating, and this is much lower than interest rates on credit cards and most personal loans. Even for someone with a lot of debt, debt loans are suitable as they are available from some homeowner loan lenders up to £100,000, which can allow for most homeowner debt.

Debt loans can be obtained over a repayment period of five to twenty-five years and as such are affordable to most people and will certainly make you pay much less each month than you do now.

Even for homeowners with poor credit ratings, debt loans are still available, but the interest rate is higher, but will still typically be lower than the interest charged on credit cards. The maximum debt loan available to those with credit problems is around £25,000.

There are still two homeowner loan lenders prepared to advance debt loans to people with unlimited adverse points recorded against them in the form of mortgage arrears, defaults, county court judgments, etc.

Getting a debt loan will save you a lot of money and simplify your financial situation to such an extent that the relief you will feel will be limitless and you will feel such a sense of relief that you can get your life back.