Put simply, consolidation involves paying off your existing debts with one single loan, leaving you with one monthly repayment. Our loans could help.
If you’ve got balances on credit cards, unsecured loans, store cards, overdrafts or even a secured loan, you will be making a number of different payments normally at different times of the month at a number of different rates – a consolidation loan could help you consolidate your debts into one manageable monthly repayment.
A debt consolidation loan offers a number of different features:
A debt consolidation loan will help you take control of your finances – allowing you to reduce your monthly outgoings and rebuild your credit rating. Our expert advisers will help you review your credit profile, short and long term goals and talk you through all available options.
Our experts will help you go through your finance options and what best suits your circumstance.
A typical household has over £13,500 of unsecured debit – lenders will generally charge 3% monthly of an outstanding balance meaning that on top of your mortgage payment you could be paying over £400 on a number of different accounts – such as store cards, online mail order accounts and credit cards.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
In December 2017 we helped Mrs Goode consolidate over £15,000 worth of high interest credit cards and loans – before we spoke to Mrs Goode she had 6 different payments going out of her bank account every month on top of her mortgage payment – after reviewing and discussing all the options available we helped our client reduce her monthly outgoings from £320 to £168 giving her a monthly saving of £152.
I would like to say the service I received was excellent.
Everything was explained to my understanding. Extremely helpful and friendly staff and the whole process was smooth with no complications .
I would definitely recommend the service to anyone.
Thank you James and all the staff involved.
Unfortunately we do not currently offer any products for tenants or those living with parents and therefore cannot accept your application at this time.
We are always searching for new offers though so please check back again soon!