Before the credit crunch many secured loan lenders were lending up to 125% of your property value but the best situation is 80% for employed and 75% for self employed.

Champion Finance also arrange remortgage and have access to the whole of the remortgage market. Champion Finance do not give advice on remortgages. Champion Finance can give you a choice of remortgage products for you to make your own decision and choice.

Due to the dramatic changes in the secured loans and mortgage underwriting Champion Finance also offer debt advice as there are a lot of applicants that do not qualify for a secured loan or a remortgage but have a lot of outstanding debt that they can not afford and situations like this Champion Finance will offer debt advice.

Champion Finance offers all financial solutions for homeowners they offer unsecured loans, secured loans, remortgages and debt advice. Champion Finance will search the whole remortgage market in the matter of seconds and also the secured loans market place.

For more information Champion Finance can be contacted on 0800833396 or website http://www.championfinance.com

First off, individuals are creatures of habit. By applying for a debt consolidation loan you’re only masking the essential issue, your habits. Although a debt consolidation loan will repay your primary debt it wont deal with your spending habits. Usually People getting consolidation loans to pay off their debt end up with twice the debt they started with.

This being the second reason debt consolidation loans do not pan out. After individuals eliminate their debts it gives them access to available funds, allowing the trap to start over again. Often times Canadian’s wind up with their un-secured debt maxed out again, as well as, the consolidation loan that they were issued to pay off their debt. The most frequent comment I hear as a credit counsellor is "I want to secure a debt consolidation loan to repay my debt", "I do not want to use unsecured debt again". In theory this is wonderful but often times doesn’t happen

Unless an individual is prepared to tackle their overall problem (i.e. their spending habits) they will not succeed with a debt consolidation loan. In actual fact this is one of the main reasons that the banks have stopped issuing debt consolidation loans. They have, for the most part, stopped this because they recognise that this is only feeding the problem and not solving the problem. If you truly want to deal with your debt, cut up your credit cards, stop access to any revolving credit, make your monthly payments to pay the debt down and track your spending. It is only through the tracking of your spending habits that you will truly understand the fundamental issues of your debt. In order to deal with your debt problems, you must first understand how you got there in the first place.

If you want to live debt free you must recognise your unnecessary spending habits and make changes to eliminate them from your life. If you were to ask me what lesson I teach my clients the most, it’s how to track their spending and identify unnecessary spending.

Greg Martin
Credit Counsellor
Inspire Credit Counselling Services

Debt Consolidation Canada