Fast and easy credit card consolidating

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When consolidating debts, work out how big a loan you will need and check the interest rate, as rates are usually tiered depending on how much you borrow.As a general rule, rates are lower the more you borrow, but don’t forget the golden rule: never borrow more than you can afford to repay.This is unsurprising: just as income generally rises with age, so do outgoing costs, such as mortgages and credit card debts.However, it's also true that young families are particularly vulnerable to debt, which might account for why the 25-44 age band tends to require higher loan amounts.It allows us to use your personal circumstances to see your eligibility for loans – but this is not a guarantee of acceptance and should be used as a guide only.

The total charge for credit would be £423.02 and the total amount repayable would be £8,039.02.We never take a fee from customers for this broking service.Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.Interestingly, people who are 75 require the second lowest loan amounts, possibly due to the long-term financial assets that many older people have.According to CACI*, just 5% of people in this age bracket are over-indebted.

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