In a report that could be written by Ebenezer Scrooge himself, it has been discovered that staying single is much more wallet friendly than being in a relationship or, worse still, so far as debt is concerned, being married. Debt is a massive problem in the UK at present and whilst single people may not be laughing all the way to the bank, they are certainly in a healthier financial situation each month than their married counterparts. Many who experience debt problems will opt for a debt consolidation loan to make their monthly repayments much more manageable.

Debt Consolidation – Just the start

The marriage vows could mean the joining of debts and people consolidate outstanding credit by often referring to debt consolidation loans to clear the debt in to one single, affordable monthly payment. Married people often expand the family and ultimately increase the cost of running the household.

Changes in circumstances such as children often impact on the monthly bills and invariably increase the cost of living and stretch the monthly incomes.

Debt and Marriage is a combination that often leaves people using credit to fund the marriage to start with and with the addition of children can make the first few years of marriage an expensive start.

Debt Consolidation - Debt Loves Lovers

It is always nice to treat a loved one and using credit is a means to fund the purchase of gifts. The issues arise when people become carried away and start over spending and have no thought for the method to repay the credit. Often the attitude is buy now - think later! For those where the financial damage has already been done and the threat of bankruptcy becomes all too real, many will opt for a debt management plan, which amalgamates all of their debt into a single monthly repayment.

Speak to Money Advice Group about Debt Consolidation, debt help and debt advice today

Money Advice Group is debt solution experts who offer a range of options to those in financial difficulty. Money Advice Group use fully trained debt advisors to you find the right financial solution. Financial solutions from individual voluntary arrangements (IVA) to debt consolidation are offered and Money Advice Group can consolidate your debt into one single affordable monthly payment. To find out more about the IVAs, debt consolidation, debt advice/help and other financial solutions on offer from Money Advice Group just freephone 0800 280 0492 or email enquiries@moneyadvicegroup.co.uk