Debt Consolidation Loans
Write Off Up To 50% Of Debt
Reduce Your Outgoings Significantly
Enjoy Complete Peace Of Mind
We Can Help
Apply NowFriendly Experts are Ready to Help!
Overwhelmed by bills
Stressed and worrying with sleepless nights?
Debts Consolidated
One simple monthly payment to manage your money.
Peace of Mind
Putting you back in control with manageable outgoings.
Welcome to
No. 1 in the UK
Debt Consolidation Loans
Debt Consolidation Loans is a UK-based finance brokerage specialising in debt consolidation loans for individuals looking to simplify multiple unsecured debts into one manageable monthly repayment. Our experienced team works with people across the UK who are finding it difficult to manage several credit commitments, such as credit cards, personal loans, store cards, or overdrafts.
Rather than dealing with multiple lenders and payment dates each month, a debt consolidation loan can bring your existing unsecured debts together into a single repayment, making budgeting clearer and repayments easier to manage. Our role as a broker is to help you explore consolidation options based on affordability, individual circumstances, and responsible lending principles.
We work with a large panel of UK-regulated debt consolidation loan lenders, allowing us to review a wide range of potential options rather than relying on a single provider. Each application is considered individually, taking into account income, outgoings, and overall financial position. Applicants with bad or limited credit histories may still be considered, subject to affordability checks.
Why choose Debt Consolidation Loans?
-
Years of experience in the UK finance industry
-
Access to a wide panel of debt consolidation loan lenders
-
Personal application reviews, not automated decisions alone
-
Bad credit applications considered on an affordability basis
-
Simple and secure online application process
-
FCA-authorised, responsible broker service
As a fee-free debt consolidation broker, we do not charge you for using our service. Once a suitable consolidation option is identified, the lender will issue any required paperwork directly to you by email or post. While we provide general guidance throughout the process, each lender also offers dedicated customer support should you need assistance with documentation or next steps.
If you are ready to explore whether a debt consolidation loan in the UK could help simplify your finances, you can complete our online application form today. Our team will review your details and work efficiently to return with an outcome, allowing you to decide how you wish to proceed.
A debt consolidation loan may help by combining multiple unsecured debts into one structured monthly repayment, making it easier to manage your finances.
If you are finding it difficult to keep up with monthly bills, feeling overwhelmed by multiple payment dates, or experiencing ongoing financial stress, consolidation could offer a clearer and more organised way to repay what you owe.
Putting you back in control.
What Are Debt Consolidation Loans?
Debt consolidation loans in the UK are designed to help people manage multiple unsecured debts by combining them into a single loan with one monthly repayment. This approach can make managing finances simpler, particularly for those juggling credit cards, personal loans, store cards, or overdrafts with different payment dates and interest rates.
Rather than making several repayments to different lenders each month, a debt consolidation loan brings those balances together into one structured repayment. This can make budgeting clearer and reduce the complexity of managing multiple accounts. In some cases, depending on individual circumstances and loan terms, consolidation may also result in a lower overall interest rate compared to existing debts, although this cannot be guaranteed.
For many people, the difficulty with debt is not necessarily the total amount owed, but the number of lenders involved and the timing of repayments throughout the month. Keeping track of several payment dates can increase the risk of missed or late payments. By consolidating debts into a single monthly repayment on a set date, borrowers may find it easier to plan their finances and maintain consistent repayments.
As with all forms of borrowing, debt consolidation loans should be considered carefully. It is important to review affordability, repayment terms, and the total amount repayable over the life of the loan before making a decision.
Why Consolidate Your Debts?
There are several reasons why people consider debt consolidation, particularly when managing multiple repayments to different lenders throughout the month. Juggling varying payment amounts and due dates can make budgeting more difficult and increase the risk of missed payments. Debt consolidation loans aim to simplify this process, but as with any form of borrowing, they should always be considered carefully.
Simpler monthly budgeting
Debt consolidation loans allow you to bring multiple unsecured debts together into one loan with a single monthly repayment. Having one fixed payment rather than several can make budgeting clearer and easier to manage.
Potential to reduce overall borrowing costs
In some cases, if the interest rate on a consolidation loan is lower than the combined interest rates of your existing debts, you may reduce the overall cost of borrowing. This depends on individual circumstances, loan terms, and repayment periods, and savings cannot be guaranteed.
Improved repayment structure
Making one regular repayment each month on a set date can help establish a more consistent repayment pattern. This may reduce the likelihood of late or missed payments, which can have a negative impact on finances.
Possible impact on credit history
Maintaining regular, on-time repayments may demonstrate responsible borrowing over time. This can contribute positively to your credit history, although outcomes vary depending on personal credit profiles and wider financial behaviour.
Reduced financial stress
Managing multiple debts can be stressful. Consolidating them into a single, more structured repayment may help reduce the mental burden of keeping track of numerous accounts and payment schedules.
Debt consolidation is not suitable for everyone, and extending repayment terms can increase the total amount repaid. It is important to review affordability and consider alternative options where appropriate.
Debt Consolidation Loans FAQs
Here’s a list of some of the most common questions about debt consolidation loans. If you need any help, contact the team.
Which Debts Can I Consolidate?
Typically, you can consolidate any debts that require you to make repayments with interest. This can include credit card bills, mortgage payments, car loans, store cards, and utility company debt.
Do I need to be a homeowner to consolidate my debts?
No. You do not need to be a homeowner for unsecured debt consolidation loans. Homeownership is usually only required for secured loans. However some Lenders criteria, will only deal with homeowners only.
What is a debt consolidation loan?
A debt consolidation loan combines multiple unsecured debts into one single monthly repayment, making finances easier to manage.
Could debt consolidation cost more in the long run?
Yes. Extending the repayment term can increase the total amount repaid, even if the monthly payment is lower. It’s important to check the total repayable amount.
What is the difference between secured and unsecured debt consolidation loans?
Secured loans are backed by an asset such as a property, while unsecured loans do not require collateral but may have higher interest rates.
How long does a debt consolidation loan last?
Debt consolidation loan terms vary by lender and can range from a few years to longer periods. The term affects both the monthly payment and the total amount repaid.
Are debt consolidation loans the same as debt write-off?
No. Debt consolidation loans do not write off debt. They combine existing unsecured debts into one loan that must still be repaid under the agreed terms.
Can debt consolidation reduce my monthly repayments?
A debt consolidation loan combines multiple unsecured debts into one single monthly repayment, making finances easier to manage.
Will applying for a debt consolidation loan affect my credit score?
In some cases, consolidating debts may reduce monthly repayments by spreading the balance over a longer term or securing a lower interest rate, depending on the loan terms.
Can I get a debt consolidation loan with bad credit?
Some lenders may consider applications from people with poor or limited credit history, subject to affordability checks and individual circumstances.
How does debt consolidation work in the UK?
Debt consolidation works by using a new loan to repay existing unsecured debts, leaving one monthly repayment to manage under agreed terms.
What Should I Consider Before Consolidating My Debt?
The aim for anyone that takes out debt consolidation loans in the UK is to become debt-free as soon as possible. It is essential to ensure that your debt consolidation agreement will not leave you in the same position for a longer period of time, so consider your affordability. You should also check the amount of interest gained in your new agreement will not outweigh the savings made by switching to a consolidation loan. If you are uncertain about your future position, such as health or employment, this is something else to bear in mind before applying.
Why Should I Consider Debt Consolidation Loans?
Debt consolidation loans in the UK can offer a variety of benefits to those with multiple debts. They can help you to budget your personal finances, offer the potential to pay less overall, make repayments much more manageable, and potentially boost your credit rating if you make repayments on time.
How Does Debt Consolidation Affect Credit Scores?
Getting on top of your finances can – sometimes – feel like an impossible feat, but there are some straightforward ways to do this. A debt consolidation loan could be an option that works for you. After all, it allows you to pay off your creditors and seize back control over your own financial wellbeing. It is really important however, and this is all part of you getting back on track, that you understand everything about a loan like this and how it might impact your credit score.
What Are Some Disadvantages Of Debt Consolidation?
Consolidation loans in the UK reduce the interest rate and monthly instalment significantly, but it must be kept in mind that one must consider the repayment schedule before consolidating all the liabilities into one. The repayment schedule must be checked properly to have a clear idea about your duration and interest rates. Customers should always compare interest rates with an existing loan before getting debt consolidation.
We genuinely want to help all of our customers better manage their finances and work towards a debt-free future.
Why Could A Debt Consolidation Loan Reduce My Interest?
Debt Consolidation Loans aren’t just a way to simplify multiple loan repayments, but can actually reduce the amount of interest you’re paying back to multiple lenders. Having different loans on the go with different APR’s will lead to many people losing track of their finances and paying through the nose on extra interest costs. For consumers who find the right debt consolidation loan for them, with a lower interest rate, they’ll be able to significantly decrease their overall costs.
One of the most common reasons our customers take out a Debt Consolidation Loan is to help alleviate credit card costs. Credit cards, in particular, are tempting to take out further loans and end up in a vicious circle of debt.
This isn’t aided by the fact that many credit card providers encourage their customers to make very small repayments, which only serves to further increase the strain created by incredibly high-interest rates. These small repayments can also cause consumers to falsely believe they have more disposable income than they do in reality, distracting them from the ongoing costs that are building up due to their cards.
Short term 0% interest rates can also lure customers in with offers that look tempting at first, but upon closer inspection are designed to maximise the amount of money taken out, even when those making use of the cards can’t really afford to pay the loan back in time.
Credit card companies will make plenty of money as a result, but this will leave customers out of pocket.
Debt Consolidation Loans, on the other hand, do not usually include such temptations, and work with the customer in their aim to pay off their debts, rather than further adding to those debts in a way that is not sustainable.
Where Can I Receive Debt Consolidation Counselling?
There are different places you can receive debt consolidation counselling. It’s an option when you find yourself in debt.
What advice and how much is charged for the counselling depends on where you seek the advice.
It’s worth looking at fee assistance before considering an organisation which charges a fee, especially if each month is very tight with funds.
The Places To Seek Free Debt Consolidation Counselling
Consumer Credit Counseling Service (CCCS)
A registered charity which offers management advice including consolidation. You can get help over the phone or online, but it’s all anonymous. There’s also a tool called Debt Remedy which helps to offer options to debt problems, which includes whether a debt consolidation loan is suitable. You can also discuss ways to financially plan, via a money management tool, which also helps to avoid debt in the future. They can also offer free bankruptcy avoidance and support advice and discuss and explain what Individual voluntary arrangements (IVAs) are.
National Debtline
There is a National Debtline, which offers confidential debt management, debt consolidation advice, which is totally independent. You can either email them or call. They have an online money advice tool called ‘My Money Steps’ which provides a personalised way to handle debt via an action plan. Depending on which country you are in is which website to head for i.e. England, Wales, Northern Ireland or Scotland. This is purely because there are different laws for different countries. They also have a lot of relevant articles and info on all their websites regarding debt consolidation counselling.
Directgov
For UK residents, it’s worth looking at Directgov, which is the official government website. There’s an area dedicated to talking about money matters, which includes debt management, arrears, debt repayment options, including debt consolidation loans, debt advice for young people is also available, as well as bankruptcy.
If you’ve called all the free resources for debt consolidation advice, then paying for advice is possibly the only other route to head towards.
Friends & Family
Another resource you could try is to ask friends or family to help you with a temporary loan, even if it’s just to help pay for the consolidation loan company’s advice and to get you to that one monthly payment to make your debt manageable.
Paid Debt Consolidation Credit Counseling Sources:
Debt consolidation companies
You can apply for a debt management plan via a debt consolidation company. They then may be able to help people to locate and apply for consolidation loans. Their debt specialists negotiate with creditors on your behalf to try to reduce your payments. They allocate one single monthly payment amongst all your creditors in the agreed amounts.
Mediation
If you owe under £5k, then for £50+vat an hour, you can see if you can come to an agreement with your creditors about your debts, the representative from the mediation service helps both sides to come to an agreed way forward.
Solicitors
There are a few solicitors who offer their services for free, others for a fee, who may be able to help you sort out a debt management plan. There are also some legal advice agencies who offer free advice, again others may charge – worth asking upfront before you start discussing your debt in great detail.
Financial planners
There are some financial planners who are experts in assisting with the management of debt and also filing bankruptcy.
Loan consolidation officers
You can also find some loan consolidation officers, who are like financial planners and have the ability to help with your financial issues.
What Types of Debt Consolidation Loans Are Available?
There are several types of debt consolidation loans available in the UK, and the most suitable option depends on individual circumstances, affordability, and the type of debts being consolidated. As a finance broker, our role is to help assess applications carefully and match them with lenders from our panel where appropriate, rather than promoting a single product.
When you apply through Debt Consolidation Loans, your application is reviewed on an individual basis, taking into account income, outgoings, and existing financial commitments. This helps ensure that any potential consolidation option is considered responsibly and in line with affordability checks.
Secured Debt Consolidation Loans
Secured debt consolidation loans are backed by an asset, most commonly a property. Because the lender has security, these loans may offer lower interest rates compared to unsecured options. However, they carry a higher level of risk, as failing to keep up with repayments could put the secured asset at risk. It is essential to fully understand the terms and conditions before considering a secured consolidation loan.
Unsecured Debt Consolidation Loans
Unsecured debt consolidation loans do not require an asset as security. These loans are typically used to consolidate unsecured debts such as credit cards and personal loans. Interest rates may be higher than secured options, but they carry less risk to the borrower, as no property or asset is used as collateral. Unsecured consolidation loans are available to a wider range of applicants.
Debt Consolidation Loans for Bad Credit
Some lenders offer debt consolidation loans designed for applicants with poor or limited credit history. These loans are usually unsecured and are assessed based on affordability rather than credit score alone. In some cases, a guarantor may help strengthen an application, although this is not always required. Approval depends on individual circumstances and lender criteria.
Each type of debt consolidation loan can be used to combine eligible unsecured debts into a single monthly repayment. However, extending repayment terms may increase the total amount repaid. If you are unsure whether a consolidation loan is suitable, or if you are concerned about meeting repayments, it may be helpful to seek free, independent debt advice from organisations such as the Money Advice Service.
We can help
Debts Consolidated
Manageable Payments
How Debt Consolidation Loans in the UK Work
Applying for a debt consolidation loan in the UK typically follows a structured process designed to assess affordability and ensure responsible lending. At Debt Consolidation Loans, we take a personalised approach, reviewing each application based on individual circumstances rather than relying solely on automated decisions.
The process usually begins with an online application, where you provide details about your income, outgoings, and existing unsecured debts. This information allows lenders to assess whether a consolidation loan may be suitable for your financial situation.
Initial checks are often carried out using a soft credit search, which does not affect your credit score. This helps lenders gain an understanding of your credit profile without leaving a visible footprint on your credit file.
If suitable options are available, your application is matched with lenders from our panel who offer debt consolidation loans based on affordability criteria. If you choose to proceed, the lender may then carry out further checks and issue formal loan terms for you to review.
Once approved, the loan funds are used to repay your existing unsecured debts, leaving you with one single monthly repayment to manage. The repayment amount, term, and interest rate will be set out clearly in the loan agreement.
Throughout the process, it is important to review all terms carefully and ensure that the monthly repayment is affordable for your budget. Missing repayments can have serious financial consequences, so debt consolidation loans should only be taken out when you are confident you can meet the agreed terms.
Choose Debt Consolidation Loans to Support You
At Debt Consolidation Loans, we understand that managing multiple debts can be stressful and confusing. That’s why we take a supportive, personalised approach to helping applicants explore debt consolidation loan options that may be suitable for their circumstances.
As a UK-based finance broker, our role is to assess each application carefully and focus on affordability and responsible lending. We work with a wide panel of regulated lenders, which allows us to review different consolidation options rather than relying on a single provider. This approach helps ensure applicants are only presented with options that are aligned with their financial situation.
We do not charge any upfront fees for using our service, and applying through our platform is designed to be straightforward and secure. Every application is reviewed individually, taking into account income, outgoings, and existing financial commitments. Where appropriate, applicants with bad or limited credit histories may still be considered, subject to lender criteria.
Our aim is not simply to help you access a loan, but to help you understand the terms, repayment structure, and long-term implications before you decide how to proceed. Debt consolidation loans are a commitment, and it is important that repayments remain manageable throughout the agreed term.
If a debt consolidation loan is not suitable, we encourage applicants to consider alternative options or seek free, independent debt advice. Making an informed decision is essential when dealing with personal finances.
