Debt Consolidation is a loan which you use to pay off your high-interest unsecured debts, such as credit cards, store cards and catalogue debts. It is usually secured which means that you will be paying a much lower rate of interest.
If the main reason for getting a loan is to manage your unsecured debt then there might be other alternatives out there. For example an IVA might be suitable if you have debts over £15,000 and are struggling to make payments. Please call our freephone number to talk through your options, 0808 131 0037.
Debt Consolidation means that you will have to get a loan which will consolidate your existing unsecured debts. Whereas Debt Management is a debt repayment plan which does not involve any further borrowing. Instead you make one lower repayment which will distribute between your creditors. It is important that you get expert advice before making your decision, as what is right for someone else may not be right for you.
Applying for a Debt Consolidation loan is easy, all you need to do is get in contact with our expert loan advisors who will find you a debt consolidation plan for you. Call free on 0808 131 0037 or take the Debt Consolidation Loan Test to see your options.
Being blacklisted means that you are seen as a risk to lenders, and they are often not willing to lend you any more money. You could be classed as black listed if you have missed multiple payments, defaulted on your agreement or have CCJs. If you have been turned down for that reason then Debt Consolidation can help, we can help you find the right loan for your circumstances.
That is not an easy question to answer, as it is all dependant on the amount of debt that you owe and the interest rate of your new loan. It is best to speak to one of our expert Debt Consolidation advisors who will talk you through your options and what advantages it has for you. Call us free on 0808 131 0037.
No matter what your financial circumstances, we might still be able to get you accepted for a Debt Consolidation Loan. We specialise in helping those with a poor credit history get accepted for a loan.
You can use your debt consolidation loan for unsecured debt, such as personal loans, credit cards, store cards and catalogue debts. If you have debt that you want to consolidate but you are unsure if you can do so, please speak to our advisors on 0808 131 0037.
That is dependant on you. We have an excellent panel of lenders which means that that we should be able to offer you a loan that will suit your circumstances. Our Debt Consolidation Loans are available over 3 to 25 years.
The amount that you can borrow for debt consolidation is dependant on your circumstances, such as your income. You need to speak to our advisors who will go through your finances and will do their best to offer you an affordable loan at a great rate.
No, taking out a debt consolidation loan will not damage your credit rating in any way. As you will be paying off your unsecured debt it will have no negative impact. However if you have missed payments, have defaults or CCJs the your credit rating will already be low.
Not at all, we will not restrict you what you can use your Debt Consolidation Loan for. You might want that extra money for home improvements, a new car or that dream holiday!
Yes, you can still keep your credit cards as getting a debt consolidation loan will affect your credit rating. However, if you are looking at a loan to consolidate your debts to make your monthly payments easier, we would advise that you don't use your credit cards and end up in even more debt.
If you are looking for debt consolidation services, it is vital that you speak to experts in their field. Here at Debt Consolidation we pride ourselves in having great relationships with lenders so we can find a loan that is right for you, no matter what your circumstances.
Getting a debt consolidation loan is subject to your credit history and a number of other factors which means that not everyone can qualify. Our loan advisors will do their best to find a Debt Consolidation Loan to suit your circumstances, but if that is not possible we can advise you on other debt solutions. Call us free on 0808 131 0037.
DebtConsolidation.co.uk is a trading name of Ask Finance Ltd which is registered in England and Wales (company number 4229724), Jackson House, Sibson Rd, Sale, Manchester, M33 7RR. Ask Finance is licensed under the 1974 consumer credit act to carry on the business of consumer credit, consumer brokerage, debt adjusting and debt counselling. Consumer Credit License No: 507130. Ask Finance is authorised and regulated by the Financial Services Authority (FSA) - FSA No: 300490 - for the provision of mortgage advice and arranging insurance.