Credit Card Consolidation Loans
Credit card debt: you’re not alone
Spending on credit cards is scarily easy, but so is applying successfully for more than one.
It isn’t uncommon – nor wrong – for people to have more than one credit card, but if your spending on plastic starts to get out of control, you can find yourself drowning in unmanageable debt very quickly. And, if that debt is spread across multiple cards, it can make things ten times worse.
Dealing with several direct debits and the prospect of missing a repayment will cause undue stress. But there is an answer!
How a consolidated loan could help
A consolidated loan might be the perfect way to ease the burden of your credit card debt.
If you have several credit cards containing varying amounts of debt, you will almost definitely have several direct debits or standing orders leaving your bank account each month to account for them. A consolidated loan takes all of those repayments and combines them into one payment.
That means there’s just a single direct debit for all of your credit card debt, under an agreed, fixed interest rate. Simple!