There are many people who are currently considering whether or not they should consolidate their debts or should they wait? There are also many people who have put off consolidating over the last six months. The question around should we wait is one that we can only answer for ourselves.

We have to ask ourselves whether or not our situation will improve in the foreseeable future or are we just crossing our fingers and hoping somehow things will improve. If you are about to start a new job or are due to finish paying off a significant debt then it may be worth waiting however that may not be the case for most of us.

According to (www.guardian.co.uk -05/07/07) Interest rates were raised by a quarter point to 5.75%, their highest level for six-and-a-half years. The same article also states “Fifty six out of 70 analysts polled by Reuters last week predicted that borrowing costs would rise today and the latest economic data pointed to continued inflationary pressure.”

Someone who considered consolidating 6 months ago and then decided against it, may find themselves in a worse position today. Nobody can predict the future but consolidating today by taking a secured loan or remortgaging your home may be better than waiting and hoping for things to improve, especially if your outgoings are more than your monthly income.

Even if you have a poor credit history or have been refused credit then Newleaf Finance may be able to help you.

Contact us today on 0800 281 370 or apply online now, for either, a secured personal loan or remortgage.