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!

Why Consolidate all your Debts?

  • It will improve your personal budget
    You can put all your borrowing into one easy-to-manage loan, which means your monthly payments are easier to control.
  • Less repayments
    A loan could even save you money each month, especially if the loan interest rate is smaller than the total interest rate of all your debts.
  • Better credit rating
    The ease of repaying a loan means that you can prove that you are a responsible borrower, which will have a positive effect on your future credit score.

 

Do you have bad debt or poor credit?  We can help you.

You could be eligible for a debt consolidation loan. This means that you can combine your debts and bring them together under one loan agreement, with one manageable monthly payment. What this means is that you can pay your existing lenders and consolidate your borrowing to just one loan and just one lender, which should make it easier to manage your money.

We work with many different types of borrowers and can see beyond a poor credit rating. We’ll still consider your application for a loan, even if you’ve struggle to get accepted in the past.

Why choose us?

We could have the money with you in under three hours.

Our online application takes moments to complete.

We create just one monthly payment.

We don’t charge upfront fees.

We consider each and every application, regardless of circumstance or credit record.

Our advisors are on hand to help.

What is APR?

APR means annual percentage rate. It an official term that is used to express the interest rate and the actual cost of borrowing. Lenders are obliged to disclose their APR before issuing a financial product. In our case, the lenders on our panel offer loans between 12 and 120 months, with rates from 4.4% APR to 49.9% APR.

When do I make repayments?

Your loan provider will set out your repayment timetable and document these in the policy paperwork that they send you. If you are not sure what or where these are, please contact your lender.

When will I get the loan?

That depends on your lender, but you may get it within a few hours.

What do I do with my debt consolidation loan?

When the funds are in your account, you must pay off your other creditors and then place your focus on your new monthly repayment.

Contact us today

We’d love to help you move towards a debt-free future. Our friendly team will offer no-obligation advice and answer any questions you might have about debt consolidation loans or debt consolidation loans with bad credit – just call us today.

If you are facing serious money issues the money advice service offers free impartial advice

Why Consolidate all your Debts?

  • It will improve your personal budget
    You can put all your borrowing into one easy-to-manage loan, which means your monthly payments are easier to control.
  • Less repayments
    A loan could even save you money each month, especially if the loan interest rate is smaller than the total interest rate of all your debts.
  • Better credit rating
    The ease of repaying a loan means that you can prove that you are a responsible borrower, which will have a positive effect on your future credit score.