I am paying out alot of money every month on loans and credit cards. Can I bring down that monthly cost?
A. If you are a home owner and there is enough equity in your house it can often be a good idea to consolidate your unsecured debt by way of a remortgage. The interest rate on a mortgage is often considerably less than on unsecured loans. Therefore your monthly payments could be reduced using this method. However you must keep in mind the likelihood of paying your debt off over a longer period.
