Consolidating debt uk
You can see information about your Personal Loan in both Online and Mobile Banking.If you’ve never used it before, you’ll need to sign up first.Reclaim, reclaim, reclaim If you have, or have had a loan, then it's crucial to check whether you were mis-sold payment protection insurance (which could've cost you £1,000s), to see if you can get the cash back.For those in debt, it's very likely some of it has been made up of fees and charges, which you can reclaim.Budget and reduce outgoings If you have debt problems, then doing a budget is central. To help, there's a special free budget planner which counters all the traditional budgeting problems. The scheme gives you a loan to cover the interest (and only the interest) on your mortgage up to certain thresholds.You have to get a handle on what you spend to future-proof your finances. There's also information on repossession and rent arrears.
After all, that means you'd need to work more than a year to repay them, even if you had no outgoings.
The most important thing you can do is get a disciplined handle on your spending.