Finance Point

June 7, 2007

Dont be insecure with debt consolidation

Filed under: Debt Consolidation

Former US president Bill Clinton reportedly arrived at the White House deeply in debt. But since handing over the reigns in Washington, he’s wiped out what he owed and accumulated nearly $40 million in the process, mainly through speaking fees.

Not all of us are fortunate enough to be able to rely on a lucrative lecture tour to pay off our debts. And none of us will need $40m to break even, either.

But with more than six million* of us consolidating our debts in the past three years, more and more Brits are struggling to get to grips with their money worries. In a bid to get their borrowing under control, around one in seven adults have borrowed more money to ease their financial problems with unsecured personal loans the most popular choice. Read More

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