A debt consolidation loan could be an ideal solution if you want to turn debts with multiple creditors into one simple payment. By borrowing enough money to pay off the debts you owe now, you will only have to repay one lender. This could make your life a lot simpler. Find out more about your debt consolidation loan here.
Get My LoanRepresentative 12.9% APR. Representative Example: Borrowing £7,500 over 60 months, repaying £167.57 per month, total repayable £10,054.20. Total cost of credit £2,554.20. Interest rate 12.9% (variable). The lenders on our panel offer loans for 12-120 months, with rates from 4.4% APR t o 49.9% APR.
You could have the money in as little as two hours
Our online application takes minutes to complete
Focus on one monthly payment
You won’t pay any upfront fees
Got bad credit? No problem. You will always be considered
We have a team of experienced advisors
Debt consolidation loans cover a wide variety of expenses. For example:
However, there are certain outgoings which cannot be consolidated. These include:
Please note this list is not exhaustive. If you’re concerned about a type of debt which isn’t here, you should contact us. Chances are, we might be able to do something about it.
Consolidate NowWhether or not a debt consolidation loan is the right decision depends entirely on your situation. If the following applies to you then this solution may not be the best choice:
Although debt consolidation has several advantages, it does have some negatives. For example:
If you decide this is the right option for you, then applying for the loan itself is easy.
Fill out our short online application form
You will need to tell us how much you want to borrow and complete the section on personal details. All in all, this shouldn’t take you more than five minutes. Once you’ve completed it, our advisors will do the hard work and be in touch with your options shortly.
Settle existing debts with the loan
If approved for the loan, you’ll need to distribute the money between your existing creditors – closing accounts with them. You should then be left with just one creditor (us) who you will pay back monthly.
Keep up with the monthly repayments
Don’t worry, the repayment terms should be far better than what you’re currently on! Once you’ve repaid your consolidation loan, you should have cleared your debts and you’ll be ready to start a new chapter in your life.
At Consolidation Express, we want to help where we can and – regardless of your credit history – we promise your application will get treated with the respect it deserves. After running our standard checks on affordability, if we believe that a loan is the best solution for you then we will try our best to get this granted. Only one way to find out though, apply and we’ll get the ball rolling!
Whether a debt consolidation loan will hurt your credit score depends on your repayments. We reckon you’re a trustworthy person so, if you keep up with these, your credit rating should actually improve. This is quite the opposite from hurting it!
There are many other solutions to a debt consolidation loan so don’t worry if you’re not sold on this idea. When you apply, an advisor will take a look at your circumstances and might suggest an alternative. One which might be better suited to your needs.
Government debt consolidation loans do not exist. debt management companies have been adopting phrases such as ‘government debt consolidation’ or ‘government debt advice’ which implies that the government approve of this kind of loan. However, this is never the case and the Financial Conduct Authority are working hard to clamp down on this kind of behaviour.