The Loan Arranger

My aim is to try to help you save money whether you are looking to borrow money, refinance the expensive loans and credit cards that you already have or by any other tips and tricks that I come across.

I will point you in the right direction.

If you are starting to feel the effects of the credit crunch, check out the state of your current finances.

How many balances do you have on different credit/store cards?

Do you have any personal loans, car loans, home improvement loans or other finance/loans?

Add up the balances and add up the amounts you have to pay each month. If you collectively owe more than £5,000 you may well be better off looking into refinancing the whole lot into one loan. Not only will you probably get a better interest rate, particularly if you have store cards and credit cards, but you will be able to reduce the amount that you pay back each month, freeing up extra cash each month.

See my other lens about the benefits of debt consolidation.