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    Mortgages, loans and credit card debt have brought UK consumer debt to over ?1 trillion. Yet each day, more and more people are finding themselves in financial difficulty which they cannot get out of - and this ever-worsening situation has led to a sharp rise in personal insolvencies, IVAs and bankruptcies.

    Despite soaring profits, many banks and financial institutions are now discovering that they might not recoup the money that they have loaned to consumers. In efforts to meet their financial outgoings, many people are turning to secured loans in order to consolidate their debts into smaller monthly payments. However, these new loans are often paid over long periods of time, usually running into several years. If you find yourself in a situation where you’re struggling to make ends meet, it’s a wise idea to seek financial advice. There are many companies which can advise

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    hey cannot get out of - and this ever-worsening situation has led to a sharp rise in personal insolvencies, IVAs and bankruptcies.

    Despite soaring profits, many banks and financial institutions are now discovering that they might not recoup the money that they have loaned to consumers. In efforts to meet their financial outgoings, many people are turning to secured loans in order to consolidate their debts into smaller monthly payments. However, these new loans are often paid over long periods of time, usually running into several years. If you find yourself in a situation where you’re struggling to make ends meet, it’s a wise idea to seek financial advice. There are many companies which can advise

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    nancial institutions are now discovering that they might not recoup the money that they have loaned to consumers. In efforts to meet their financial outgoings, many people are turning to secured loans in order to consolidate their debts into smaller monthly payments. However, these new loans are often paid over long periods of time, usually running into several years. If you find yourself in a situation where you’re struggling to make ends meet, it’s a wise idea to seek financial advice. There are many companies which can advise
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    rning to secured loans in order to consolidate their debts into smaller monthly payments. However, these new loans are often paid over long periods of time, usually running into several years. If you find yourself in a situation where you’re struggling to make ends meet, it’s a wise idea to seek financial advice. There are many companies which can advise
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    several years. If you find yourself in a situation where you’re struggling to make ends meet, it’s a wise idea to seek financial advice. There are many companies which can advise you on the best way to manage your debts, or you could consult your local Citizens Advice Bureau for help.

    If you fall behind with your payments, your lender will usually try to contact you either by phone or letter in order to discuss your situation. It’s a wise idea to keep your lender informed of any changes in your financial circumstances, as lenders will often be more flexible if you fall on hard times. Burying your head in the sand often only makes matters worse in the long run, and avoiding paying what you owe can have severe consequences such as ever-increasing arrears or even bankruptcy.

    If a lender cannot come to an agreement with you regarding repaying outstanding debts, they will o

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