Refused A Loan?
Think about a Debt Management Plan.
You might find it frustrating if you have been Refused A Loan in the past and you are unsure about what your options are.
If you were looking for a loan to consolidate your existing debt as you cannot afford to pay your creditors, then you might want to think about how a Debt Management Plan can help you.
I've Been Refused A Loan. How Does Debt Management Differ?
If you are struggling with your outgoings then you don't need to get yourself into any more debt, which is what would happen with a loan.
A Debt Management Plan means that you do not have to borrow any more money. Instead Refused A Loan will be able to come to an agreement with your creditors where you pay one low monthly payment, leaving you with more money at the end of the month.
Creditors are often willing to freeze additional interest and charges on your debt, but this cannot be guaranteed.
For more information on how Refused A Loan can help you get your finances back on track, please call us today on 0800 048 1769 or fill in the Quick Enquiry form so we can call you back.
Debt Management Plans are for unsecured debts only. The key benefit is the ability to only repay what you can afford each month. Clearly, the consequence of this is that it will take longer to repay your debts. You will receive allowances to pay Secured and Priority debts. Whilst you pay our initial fee, monies are not distributed to your creditors. Where contractual payments are missed your debt and repayment term could increase. Terms and Conditions apply.
Refused A Loan is a trading style of Ask Finance Ltd (Registered in England and Wales. Company number 4229724), a wholly owned company of the Harrington Brooks Group Ltd. Ask Finance Ltd is licensed under the 1974 Consumer Credit Act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance Ltd is authorised and regulated by the Financial Services Authority - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.