Less than one fifth of respondents would go to a CAB... More than a third said that they thought it would be good to pay off their debts and have money to spare for DIY, a holiday or a car and around one in seven said that this was the single most important reason... http://www.1stepfinance.co.uk/loans
Consumers' focus on the initial cost at the expense of other features has also been emphasised in The FSA's approach to regulated mortgage sales.The FSA states that when using a mortgage for loan purposes the costs associated with transferring shorter term debt to longer term debt need to be accounted for... Our analysis of MFS data showed that whether the borrower had used the provider before was the most important single feature when choosing providers of unsecured personal loan and second-charge mortgages (for 33 per cent of respondents who consolidated their debts by these means)... So, altogether, you would end up paying £5,580... http://www.compare-loans-4-all.co.uk/loans
Even offset mortgages, where your savings are used to reduce your mortgage, may cost more than you think because there are often cheaper deals available on other types of mortgages... Some of these specialise in certain kinds of non-status borrower... http://www.debt-consolidation-loans-for-you.co.uk/loans