Debt Consolidation (8.5% APR typical variable)

Do you have numerous outgoings each month? You might have a selection of credit cards, store cards, unsecured loans as well as an overdraft to pay. With Debt Consolidation you could consolidate all of your unsecured debts into one lower monthly payment. If you are suitable for debt consolidation then there can be many benefits, including:

• Reduced monthly payment.
• Secured debt consolidation loans are often at a much lower interest rate than unsecured loans.
• Consolidation of your outgoings into a single loan. 
• Easier control over your finances.
• No need to worry about multiple creditors, as they will all have been paid off with your debt consolidation loan.

What Is A Debt Consolidation Loan?

If you are struggling with your existing debt, then a Debt Consolidation loan could be the solution to your debt problems. It will allow you to take control of your finances by consolidating your unsecured debt into one payment.

A Debt Consolidation Loan is suitable for homeowners who have equity in their home. The loan will be secured against your property meaning that you can often benefit from a lower interest rate. Think carefully before agreeing to debt consolidation; as the loan is secured against your home, failure to make repayments will mean that your home is at risk.

As with all financial products, there are a number of advantages and disadvantages of debt consolidation that you need to carefully consider. A debt consolidation loan will help to reduce your financial stress, as you only make one monthly payment meaning you can get your finances back on track.

Even if you have a bad credit history or have been refused a loan in the past, we can still help you get accepted for a Debt Consolidation Loan to suit your circumstances.

What Can I Use My Debt Consolidation Loan for?

A Debt Consolidation Loan is perfect if you are looking to have just one manageable monthly payment to cover all of your current outgoings, such as store cards, credit cards and personal loans.

The main purpose of a debt consolidation loan is to consolidate outstanding debt, meaning that you do not have to worry about making separate payments to multiple creditors. You can use the equity in your home to release funds so that you can pay off your expensive unsecured debt. 

How Do I Apply for Debt Consolidation?

If you are looking at how to apply for debt consolidation, then we can help. Our team specialise in helping people with a bad credit history, so it doesn't matter if you have CCJ's, defaults or have been turned down for a secured debt consolidation loan before. We will use our panel of lenders to help find you the best Debt Consolidation loan deal. It is important that you get specialist help if you have a poor credit rating, as you don't end up with a debt consolidation loan with interest levels to match your unsecured debts!

The best way to see if you can get accepted for a Debt Consolidation Loan is to get in touch with us today.

If you are unsure about your options then take the Debt Consolidation Loan Test which will show you what alternatives are available. Alternatives to debt consolidation include debt management plans which are a form of no loan debt consolidation as they can help you to consolidate your debt without the risk of a secured loan.

If you think that a Debt Consolidation Loan is the best way for you to consolidate your debt or if you just want to discuss your options, please contact us today on free 0800 048 3674 for professional help and advice.

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.