DEBT CONSOLIDATION LOAN
Debt Consolidation Loan
Debt Consolidation Loans From £5000
We have helped thousands of clients to consolidate their debts.
- Evaluate All Credit Scores
- One Simple Monthly Payment
- Loans From £5000
- Debt Consolidation
- Ongoing Support
- 5-Star Review
Money Helper is an independent service set up to help people manage their money
Representative Example: Assumed borrowing of £7,500 over 36 months at a fixed rate of 30.7% per annum would result in a representative rate of 30.7% APR, monthly repayments of £306.49 and a total amount repayable of £11,033.64.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT
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APRS FROM 5.8%
Unsecured Loan Representative 69.9% APR
When borrowing £7,500 over 36 months with monthly repayments of £502, the total repayment amount is £18,083. This includes a total cost of credit of £10,583, at a variable interest rate of 69.9%. The lenders in our network provide loan terms ranging from 12 to 60 months, with APRs varying from 5.8% to 89.9%. Please note that the representative example is based on loans disbursed by lenders from April 19, 2022, to December 23, 2022.
Secured Representative 11.7% APR
Opting to include fees in the loan: For a £25,000 loan over 120 months, along with a £2,500 broker fee and a £250 lender fee, your monthly repayments would be £345.55. The variable borrowing rate is 8.6%, resulting in an 11.7% APRC. Total cost for credit is £16,466.00, and the total amount repayable is £41,466.00. You can also choose to pay the lender and/or broker fees upfront, with options discussed by your advisor.
Consolidate Your Debt With 3 Steps
Step 1
Initiate your journey with our fast and simple online application. Begin now >
Step 2
We will assess your application.
Step 3
Upon approval, the funds will be deposited directly into your account.
A Consolidation Loan is designed to streamline your finances by consolidating all your outstanding debts with a single lender. You’ll receive a lump sum directly into your bank account, which can be used to settle multiple debts owed to various lenders. This results in having just one loan to repay, potentially at a lower interest rate and with extended repayment terms of up to 10 years.
By consolidating your debts, you can enjoy the benefits of a more manageable and affordable single monthly payment.
Additionally, responsible repayment of a consolidation loan can have a positive impact on your credit profile over time, demonstrating to lenders that you are taking proactive steps to manage and repay your debt responsibly.
Why Choose Us?
One affordable payment
Focus on only one monthly payment.
Bad Credit?
No problem. We consider all credit scores – even bad ones!
Expert Advice
We are experts in debt solutions.
No Upfront Fees
No hidden upfront fees to worry about.
Tailored for you
Real rates tailored just for you.
One affordable payment
Focus on only one monthly payment.
Bad Credit?
No problem. We consider all credit scores – even bad ones!
Expert Advice
We are experts in debt solutions.
No Upfront Fees
No hidden upfront fees to worry about.
Tailored for you
Real rates tailored just for you.
Facing difficulties securing a loan due to poor credit?
Rest assured, we take all credit scores into account.
FAQs - What is Debt Consolidation?
It takes just minutes to apply for a consolidation loan with our quick and easy online application. Once completed, our advisors will do all the hard work and be in touch with your options to deal with your loan amount shortly.
If your application is approved, the money will be paid straight into your account!
A debt consolidation loan lets you take out a sum equal to, or greater than, the overall cost of all your existing debts. Once you have received an approved loan, outstanding debts can be paid off one by one.
This leaves you with just one loan to manage, which can be repaid through one affordable single monthly repayment. Consolidation loans are a simple way of dealing with existing debts, and converting them into a single, manageable debt.
There are three main reasons why you have been rejected for a debt consolidation loan:
- Low income – the lender doesn’t think you can afford the repayments to repay your existing loan amount
- Too much existing credit card debt – they don’t want to put you into further financial difficulty if your credit card debt is too high
- Low credit score – they think it is too risky to lend to you
Don’t despair and lose hope if you are rejected for a new loan though. There are still many other options available to you, and there could be something that you can do to improve your chances of being approved for a debt consolidation loan.
An unsecured debt consolidation loan is a type of personal loan that can be used to consolidate multiple debts into a single, monthly payment. Unlike a secured loan (which requires collateral), unsecured loans do not require any form of collateral. This makes them a good option for those who do not have any assets to use as collateral.
There are many different types of unsecured debt consolidation loans available, including fixed-rate loans, variable-rate loans, and line of credit products. The best type of debt consolidation loan for you will depend on your individual financial situation, including your existing loans, credit rating and more.
A secured debt consolidation loan is a type of loan that uses collateral to secure the loan. Collateral is an asset that can be used to repay the loan if you default on the payments. The most common type of collateral for a secured consolidation loan is a mortgage. Other types of collateral include vehicles, savings accounts, and certificate of deposits (CDs).
Do You Still Have Questions?
Debts you can consolidate
Personal Loans
Just barely making the monthly payments? We can help you take control of your finances and make these repayments more manageable.
Store Cards
If store cards have caused you to have debt, then we can support you in repaying this at an affordable rate. Get in touch today for details.
Credit Cards
Credit card debts can quickly become unmanageable but, don’t worry, we are here to help you. Just give us a call or complete the form.
Payday loans
If you’re struggling to repay your payday loans, help is available. In just a few hours you can get the help you need. Call us today.
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