What Debts Can Be Consolidated?
Juggling debts with multiple providers can be draining. There’s a lot to stay on top of but there is a way that you could streamline your debts and repayments. A debt consolidation loan makes it possible for you to settle your other debts and only pay one lender with one affordable monthly payment. We have a large panel of consolidation loan lenders who will help you to find the right provider for you and can set you on the road to financial freedom.
We work with many providers who supply debt consolidation loans, however not all debt can be consolidated
What can and can’t be consolidated
Debts that can be consolidated
Typically, unsecured, personal debts can be consolidated. These tend to include:
- Personal loans
- Payday loans
- Credit cards
- Store cards
Other debts that can be consolidated can include telephone bills and overdrafts. Most debts that are not secured against assets, you should be able to use a debt consolidation loan to pay it off.
Debts that cannot be consolidated
Typically, secured payments cannot be consolidated. These include:
- Mortgage payments
- Car finance
- Court fines
Can I consolidate my debt?
There are so many different and varied types of debt. Our advisors can help you to understand what type of debt you may have. Contact us to get a clearer idea of what you are working with. It’s free of charge to ask and we’re looking forward to speaking with you.
Let’s discuss the debts you’d like to consolidate, and we’ll take it from there together!
