For many people paying for goods on a credit card is a simple and easy way of buying goods, but for some the use of credit cards can get out of control. The monthly balance keeps getting higher and they only make minimum payment each month. But if you are a homeowner a debt consolidation remortgage to pay off the balance can save you a lot of money.

With interest rates at records lows, now is the time to repay your credit card debts and a remortgage is the best way to achieve this. There are many lenders that specialise in debt consolidation remortgages [http://www.jp-financial.co.uk/remortgage.php], but who do you choose. It is always good to employ the services of a mortgage broker, they will be able to source you a new remortgage rate and provide remortgage adviceyou on which credit cards to pay off assuming you have many.

A mortgage broker will not only find you the best debt consolidation remortgage rate but they will also help with the paperwork. You may have bad credit, so you will be limited to the lenders you can approach.

Another way of clearing credit card debit is to raise a secured loan against your property if your current mortgage has a redemption penalty. When the mortgage is free of the penalty period you can then consolidate the secured loan into the mortgage.

Some people carry out balance transfers onto other credit cards paying a low interest rate. The problem with this is that the debt is never dealt with properly and you are continually looking for another card provider who will offer a low rate. With the credit crunch in full swing now this option is starting to look risky, as if there are no low offers available the monthly payment is going to go through the roof.

Now is the time to remortgage grab your self a low interest rate and cut up the cards and be debt free quicker.