Second Charge Loan | 20 Years | £102,000

A client contacted us during lockdown to restructure some secured and unsecured debts he had accumulated over the past few years. He had concerns over his ability to meet his regular financial commitments given the current economic climate and therefore wanted to assess his options with regards to consolidating these debts all into one place.

We managed to agree a secured loan for him for an amount of £102,000 allowing him to pay back an expensive existing secured loan, a hire purchase arrangement and numerous credit cards. He was paying roughly £1,200 a month on all debts which we managed to bring down to just under £750 per month.