Norton Finance for Loans and Debt Consolidation | Norton Finance

With prices rising all the time it is difficult to manage a family’s monthly income effectively; there are many bills to pay, the mortgage to keep up and essentials to buy, and taking on debt is sometimes an easy move to make. If things get out of control what was a small, short term debt can become a bigger problem, and as things spiral into even deeper problems many people hide from the situation, leaving it to become unmanageable. This is when debt consolidation – a service offered by companies such as Norton Finance – may become a viable option.

Debt consolidation is a way of keeping the regular monthly repayments on collective debts as low as possible. All debts are collated together by a company such as Norton Finance and, by working out how much is owed and comparing it to the regular income of the customer and their essential outgoings, a figure is arrived at that is suitable for all. As the debts will then take longer to pay it is likely that the overall outlay will – in the long term – be greater, but the more manageable monthly sums make things easier for the individual to keep up the payments.

Norton Finance

With many years of expertise in the debt consolidation world Norton Loans is perfectly placed to offer a sensible solution. Norton Loans can cater for everyone, even those that have a poor credit history, for whom debt consolidation may be the best way forward. It is always best to leave such things to the experts, as they will be able to provide the help and advice you need. Simple online advice and free, no obligation quotes make the process simple, and with everything available at the touch of a button it has never been easier to arrange a debt consolidation plan.

Norton Finance can offer you everything from a simple loan to a remortgage, and have many years of experience in the field of consumer finance. The stresses and strains of a hard working life can take a toll on families and individuals alike, and where money is concerned it is all too easy to get in too deep, too quickly. With a sensible approach and the help of professional advisers finding the right debt consolidation solution could not be easier, and it can all be done from the comfort of your home.

Loan Options | Norton Finance

If you are seeking a loan of any size, for any purpose, it is vital that you make a fully informed decision before you proceed. It can be a huge decision, and certainly not one to be taken lightly; so do your research first.

Is your credit history sufficient to qualify for an unsecured loan? If you’re a property owner, would it be sensible to apply for a secured loan? If not, other options include logbook loans which are secured against your car, or asset finance loans secured against valuable possessions such as jewellery. Or you could opt for a guarantor loan, whereby you have a joint applicant who shares liability with you. Before applying, be aware that many brokers charge a fee for arranging a loan, and it might be best to go direct to a finance company.

Fixed term loans consist of an agreement over a predetermined period of monthly repayments, which you negotiate in the context of what is realistic for you. Interest rates are generally lower, but longer repayment plans eventually amount to more total interest paid. Flexible loans are becoming more common, allowing you to pay back the money at your leisure but usually incurring a higher interest rate as a result. There is also short term loans, which are small loans with a high interest rate intended for quick repayment.

Be wary of possible pitfalls. Free gifts offered by some brokers can be tempting but don’t be distracted from the fine print. Loan insurance can be a good way to protect yourself in the event of unemployment or ill-health, but you must carefully check the conditions and insurance payments. Debt consolidation is a subject that lenders frequently bring up, but be wary of this as it essentially replaces your current debts with a new one, and can sometimes cause you to end up paying more in the long term.

Choose the loan that’s right for you after thoroughly studying all of the terms and conditions. Scrutinise costs and the details of all factors of the loan before committing. If you have any doubts about an option you are considering, consult an experienced impartial adviser to ensure you are informed.

Norton Loans

 

Norton Finance holds more than 35 years of experience offering loans and re-mortgages. They offer a flexible service which allows them to help customers in various situations. Norton Loans recently moved to new offices in Rotherham, with new computer systems that have dramatically speeded up the loan process.