Skip to main content
Apply Now

Debt Consolidation Loan Calculator 

In order to quickly establish if you are a potential applicant for a debt consolidation loan, then it’s worth having a look at a very handy tool, a debt consolidated calculator.

You don’t have to be a maths graduate in order to find out how to do this as the calculator tool will do all the calculations.

Debt Consolidation Loan Calculator | Debt Consolidation LoansWhen seeking advice via debt consolidation companies or any free advice organisations regarding consolidating debt, it’s likely that debt consolidation loans will be discussed.

The calculator tools help to show how much you could save by consolidating all your current debts into one monthly payment.

When you see the illustrations and have a more real understanding as to what you could be working towards, then it’s more likely you can decide whether a loan would benefit you.

For each outstanding debt, you enter what type, the amount, the interest rate and how much you pay each month into the debt consolidation calculator.

When it calculates it at the end, it gives you a picture of your current debt situation, which includes the total amount of debt currently owed, how long it would pay to settle the full amount and the total amount paid over the full term of the loan. The interest is listed separately.

After this is established, you can then enter the total debt amount, what you’d like as an interest rate and the amount of years you would appreciate paying off a consolidated loan.

Once entered, press the calculate option and then you have a new monthly payment figure.

A few calculators can also demonstrate how much could be earned within the time money is saved and invested at a different rate of return if you use a consolidation loan.

A smaller monthly payment will make a difference and a calculator is a good way to illustrate this.

So it’s well worth using the debt consolidation loans calculator to see how you can reduce debt, but you have to put all the information in about your current debts. This only takes a few minutes on a debt consolidation calculator.  A few minutes could save you hundreds, maybe thousands.

We offer Debt Consolidation Loans for homeowners.

Our team is on hand to help with number of questions you may have.

If you are struggling with debt, please visit Money Advice Service for help and advice.

We are a broker, not a lender.

Visitors also read:

Barclays Bank are FinedPersonal Finance
December 16, 2020

Barclays Bank are Fined £26million Over Treatment of Customers Dealing with Debt

News just out that Barclays Bank have received incredible consequences over their treatment of customers is delighting many people that have and still are struggling with debt. In a first…
Universal Credit delays causing UK families to be burdened with extra debtDebt
July 11, 2020

Universal Credit delays causing UK families to be burdened with extra debt

Universal Credit delays causing UK families to be burdened with extra debt A damning report released this week by the National Audit Office (NAO) has highlighted that a staggering 80…
Pensioners in Debt | Debt Consolidation LoansDebt
September 11, 2015

Pensioners in Debt

Pensioners in debt Figures released recently show that pensioners are in debt: thousands of older people are struggling with debt and many have opted to cash in their pension pots…
How Do I Get Out of Debt?Debt
February 12, 2021

How Do I Get Out of Debt?

Bad credit, a poor credit rating and debt, whether it’s credit card debt, personal loan debt, or even debt to friends, can take over your every waking moment. Sadly, many…
What is a Pension LoanDebt Solutions
December 10, 2020

What is a Pension Loan?

What is a pension loan? A pension loan is a loan that means you can borrow a certain amount of money against the amount in your pension fund. Whereas with…
Understanding What SIM Swap Fraud Is | Debt Consolidation LoansPersonal Finance
October 1, 2015

Understanding What SIM Swap Fraud Is

If your mobile phone suddenly stops working, notify your bank immediately as well as your service provider – you may have fallen victim to SIM swap fraud, which will quickly…

Leave a Reply

nineteen − 17 =

Close Menu