We are all familiar with “making hay while the sun shines” and treating our families and loved ones to a summer of magical memories. But with interest rates still on the rise and the new school term looming, you might benefit from consolidating your commitments into one manageable payment.
In this blog, we’ll explore how Cherry Godfrey can simplify your finances with friendly advice and competitive rates. Conducting a financial review might sound daunting, but with Cherry Godfrey, you’ll soon be ship-shape – with a plan to make the most of your money, whilst making payments more manageable!
Taking stock after the summer
As parents can attest, the summer break lasts longer than you think! It can also be tricky to budget for: days out, trips abroad and then the looming back-to-school costs all take a chunk out of your finances. This can be really anxiety inducing, especially if you have spent on various credit cards and are now faced with multiple bills. At Cherry Godfrey, we live by our motto, 'finance that values you,' and firmly believe in a tailored approach, as opposed to a one-size-fits-all mindset. We can help you to review all your various outgoings and consolidate them into one, manageable repayment plan.
Facing rising interest rates with confidence
Interest rates have been rising around the world (for example, the Bank of England raised the Bank rate from 5% to 5.25% in August), affecting the fees applied to credit cards, bank loans, and car loans. In addition, lenders might choose to increase prices if they anticipate forthcoming rises in interest rates.
If you decide to consolidate your variable-rate debts into a fixed-rate loan as part of your financial review, you could lock in a specific interest rate that won't be affected by future interest rate increases. This can provide a sense of security and predictability, as your monthly payments will remain constant over the life of the loan. At Cherry Godfrey, we provide unsecured personal and business loans up to £30,000, featuring a consistent fixed interest rate throughout the loan duration. This approach guarantees your peace of mind, giving you a clear understanding of the total financing cost.
Season of mists and mellow fruitfulness?
As the vibrant colours of summer transition into the crisp and golden hues of autumn, it's not just the leaves that are undergoing change; it's also an ideal time to assess your expenses, savings, and any outstanding debts. Consider meeting with one of our Lending Representatives for a complimentary and obligation-free financial health check that could see you stepping into autumn on a more stable and manageable financial footing. During this session, a Cherry Godfrey team member will guide you towards regaining control over your finances just as nature prepares for a new season, this transition can be your chance to lay a solid foundation for your financial well-being, ensuring a more secure and comfortable future ahead.
Are you interested in making your monthly payments more manageable? Contact us today for a no-obligation discussion with our expert, friendly team.
