Debt Consolidation loans
Debt consolidation loans can be used to pay off debts incurred on credit cards, personal loans
and just about
any other unpaid bill you may need to consolidate - it's a new loan to pay off all your existing debts.
Debt consolidation loans combine all your debts into one low monthly payment, due
to lower interest rates and a low APR. We offer a variety of options with debt consolidation loans, and we welcome applications from homeowners
with ccjs, arrears, defaults or poor credit history.
What is a debt consolidation loan ?
A debt consolidation loan is a way of combining all your debts into one
manageable monthly payment, reducing your outgoings, and giving you a
clear method of paying off all your debts.
The first step is to calculate the amount you owe on credit cards, store cards, unsecured loans and HP (click here). These types of credit usually have very high interest rates. As well as this, if you are just making the minimum monthly payments on store cards and credit cards, you may find that very little is being repaid from the balance.
When you have worked out how much you need, take a look at the monthly payments you are currently making. You will probably find that this runs into hundreds of pounds a month with possibly no end date in sight.
Once we have the amount you need, we can look at loans from different lenders that can be used to pay off your cards and loans. We usually look at secured loans where possible, as this is normally the cheapest way to borrow money. To be eligible for a secured loan, you must be a homeowner, and ideally have some equity in your property.
The loan rate we will offer will depend on various factors, such as how
much equity you have in your home, what your past credit record shows,
your employment status, your income, etc. We will look for the
best rate available for your circumstances. Click
here for a debt consolidation loan quote
Whatever your current situation, we can normally offer a secured loan that
will enable you to reduce your monthly outgoings. If we can't for some
reason, we may still be able to help you with a
debt management plan
(click here).
Find the best debt consolidation loan available
We deal with many lenders, all with different criteria and flexibility.
Some will accept applicants with a history of credit problems, such as CCJs,
arrears or defaults; others will lend more than the value of your property;
others will offer loans to people who can't prove their income. Whatever
your circumstances, we are sure we will be able to find a lender that will
offer you a debt consolidation loan, even if you have been turned down elsewhere.
With our debt consolidation loan quote there is absolutely no obligation. We
aim to give you a decision within 24 hours.
To find out how much you could save by consolidating your debts, go to our
online
loan calculator. We will be able to show you how much your
outgoings could reduce. If you want a personal quotation, where we can
check which would be the best lender for your circumstances, click apply
online.
The
bottom line
This is the bottom line. As a company, we only get paid if we successfully get your loan paid out. We will endeavour to find the most suitable loan for your individual circumstances, and we will do everything we can to get your loan paid out as quickly as possible. Click here for a debt consolidation loan quotation - More
All loan applications will be treated confidentially.
You will never pay any up front fees or be charged for cancelling an
application.
Loans are
secured on your home. Think carefully before securing other debts
against your home.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
We have relationships with finance brokers who have built up an enviable range
of contacts with many banks, building societies and financial
institutions. We can help you find the most competitive
debt consolidation loan
Listed in UK Loans Guide