Debt Consolidation

What is Debt Consolidation?

What we do is take your debts, whether they be credit cards, HP’s or even money you owe to family, and then pay them off with a debt consolidation loan. That means you end up with just one loan to pay and in most cases at a lower fixed interest rate. Plus, this loan has a set end date meaning that you’ll know exactly when it will be paid back by.

 

Remember that if you want to do a range of things with your finance, consolidating debt and getting a loan for a holiday for example, thats no problem at all. You aren’t limited to just the loan types you see here. Don’t forget that we can also use a home as security – this may be yours or someone else that you know who is willing to be a guarantor.

The best things about organising a debt consolidation loan

  • You are taking back control of your financial future
  • You end up with just one regular loan repayment that has a fixed end date so you know when you will be debt free
  • The repayments are fixed so you can budget better
  • The interest rate is often lower than the rate you currently pay, especially credit cards
  • In most cases there’s no interest penalty for early repayment so if you want to pay it off quicker you can

Do I need to provide any security?

If you meet the credit criteria then it’s likely security won’t be needed. But if it is then we might be able to use something like a car.

Find out what you can get using our handy loan calculator