What is a Debt
Consolidation Loan

It’s not uncommon for people to have more than one form of debt. One or two credit cards, a store card and a small loan that was taken out a couple of years ago might be hanging over your head and causing undue stress for your family.

Often, it’s not the size of the debt that’s the problem, but the sheer number of lenders and the corresponding repayments that need to be made. They might come from different bank accounts, at different times of the month and therefore be tricky to manage.

Debt consolidation is a way to combine all of your existing debts into one simple, predictable, manageable monthly payment.

How can debt consolidation benefit me?

There are three main benefits of using a debt consolidation loan:

  1. You’ll have just one monthly payment. Rather than multiple debt repayment direct debits and standing orders, you’ll have just one for all of your debts that leaves your bank on the same day each month.
  2. The interest rate will be fixed. The payment schedule and interest rate we provide you with will be fixed for an agreed term – no changes!
  3. You’ll avoid missed repayments. If you’ve got several debts to repay, it’s unfortunately easy to occasionally miss a payment. With a consolidated loan, this simply won’t happen.

What should I consider before consolidating debt?

Consolidating your debt with us is a safe option and will work for most people, but there are some considerations before going ahead.

Your credit score might affect your ability to get a consolidated loan, and the repayment period might be extended depending on the types of loans being combined. However, if you’re looking for a simpler way to manage your finances, a fixed interest rate could be the ideal solution for you.

Why choose a Debt Consolidation Loan?

The debt consolidation service we offer is remarkably simple, and we intend to keep it that way. We make real decisions (made by real people – not software), don’t charge fees for our service and will help you rebuild your credit.

We genuinely want to help all of our customers better manage their finances and work towards a debt-free future.

Contact us!

Our friendly team is waiting to take your call. If you’d like to discuss our Debt Consolidation Loan services, just get in touch today for a free, no obligation consultation

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

About Us

Debt Consolidation Loans are a UK based finance brokerage company, we have a small team of experts who have a number of years experience dealing with Debt Consolidation, We believe in good old fashioned customer service and reliable communication.

Our many years of experience in the finance industry means our understanding of the products on offer and our ability to match them to our customers’ needs is second to none.

We have a large panel of lenders who have dedicated customer account managers along with excellent service puts our customers in control of their finances and gives them the peace of mind they want.

Debt Consolidation Loans searches the largest panel of loan lenders available to help find the right loan for you, based on your requirements.

How We Work

When you apply for a loan via Debt Consolidation Loans we use a soft credit search to find a loan. We then give you options that are suited to your personal circumstances and credit history. The application process is very simple, and super fast.

We can assure you that applying through Debt Consolidation Loans won’t affect your credit rating; it simply allows our lenders to get a good judgement on your circumstances.

Once Debt Consolidation Loans has found the best loan for you, our lenders will send out your paperwork straight away by post or email. If you have any problems completing the paperwork or providing the documents, then our panel of lenders have dedicated support services that allow you to get as much assistance as you need.

If you need any help or assistance in anyway our team of experts are always on hand to give advice.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.