Bookmark and Share
Free Loan Quote - Click Here todays Best Loan Deals - Click here Free Loan Advice Smarter Loan Advice





Debt Consolidation Loan

How to put all your debts into one loan to lower your monthly payments

 

What is Debt Consolidation?

Debt consolidation involves moving all your debts into one single loan. The main reason to do this is to save money - by lowering your payments, and time - by not having to make all your payments individually. Unsecured debts such as credit cards, store cards and personal loans can easily be "consolidated" into a single loan to reduce your monthly payments.

 

Do I need Debt Consolidation?

It will depend on how much you owe and how much interest you are paying. If your debt is large and becoming unmanageable, or if you circumstances have recently changed and you your are struggling with your payments, then debt consolidation may be a way to ease the strain. If your debt is only small, and you think you can pay it off relatively quickly, then you might be better tightening the purse strings and stay where you are.

 

If you would like a quick loan quote fill out the form below. We will find you the best deal at a custom rate for your circumstances. This service is completely free, and there iis no obligation to buy any loan products.

 


Submitting Details...
Step 1 of 3 Debt Consolidation Loan Quote
 
 
 
 
 
 
Proceed to step 2.  
Step 2 of 3 About your loan

Is secured on your home. Rates depend on your circumstances; usually lower than an unsecured loan and often more flexible.

Not secured on your home. May not qualify you for the best rates. Applying to a number of lenders may affect your credit score.
 
 
 
  
 
 
 
 
  
 
 
 
  
 
 
 
  
 
Proceed to step 3.  
Step 2 of 3 About your loan

Based on your information we recommend you speak to a personal debt adviser.

They will offer you advice on:
  • Whether a loan is your best option
  • Consolidating your debts
  • Reducing the amount you owe
  • How to freeze your interest payments
  • Protecting you from creditors
Proceed to step 3.  
Step 3 of 3 Your details
 
 
 
 
 
 
 
Finished


Thank you for your enquiry.

Your adviser will be in touch with you shortly.

 

What are the benefits?

Consolidating your debt means that you only have to deal with one lender, which should mean less hassle all round. You will also be able to restructure your payments, paying only what you can afford each month and extend the period of your loan should you need to.

 

Who has the best debt consolidation deals?

There are a several factors that will affect the rate you will be offered on your debt consolidation loan - employment status, credit history, how long you want to pay the money back, and if you own a property outright, or have a mortgage or rent.

 

The size of the loan is most important in deciding which lenders to approach.

 

Abbey Loan

If you want to borrow a smaller amount (under £5000) then Abbey's personal loan for example will cost you £95 in interest to pay off £2000 over a year (at £174 per month, and typical APR of 8.9 per cent).

 

Tesco Loan

If you debt is larger then you can get a better rate. Tesco offers 8.2 per cent for loans between £3000 and £25000. For example a loan of £20000 could be paid back over 10 years at £242 a month, costing £9000 in interest.

 

Try our "Easy Loan Quote" above and we will find the best loan for you and your circumstances.

There is no obligation with this service, and it is offered completely free.

 

About your quote

    Low APR rates
    Bad credit, or previously declined applications always considered (including CCJ's, credit card arrears, mortgage arrears, or no proof of income or self employed)
    There is no obligation with this service, and it is offered completely free.

UK Lenders List

Best Loan lenders