What is Debt Consolidation?

If you find yourself struggling with your current debt, you may want to consider a debt consolidation loan. Debt consolidation allows you to consolidate all your existing debt into a single loan. This loan is then secured against your home, resulting in a lower interest rate than your current unsecured debt.

A debt consolidation is helpful for those having trouble managing their current unsecured debt. It relieves the pressure of dealing with multiple creditors, allowing you to just concentrate on paying one loan every month. A debt consolidation loan can help you rebuild your credit history, provided that you do not miss any payments.

Unsecured Debt Consolidation


On the other hand, a secured loan may not always be the best option for you. There are various other debt management plans you could consider. These plans are usually informal agreements with your creditors allowing you to make one smaller monthly payment which covers your unsecured debt. As this is not a loan, you do not have to worry about placing your home at risk as the loan will not be secured against your home.

No matter what your circumstance, a financial expert will be able to offer you advice on what the best solution for you is. These experts may also be able to help you get loan approval if you have a bad credit history or have been refused a loan in the past.

Free Debt Consolidation Advice

No matter what your circumstances, debt consolidation can help find a debt solution to suit you. Even if you have a bad credit history or have been refused a loan, we can still help you to get accepted so you can reduce your monthly repayments and help to get your finances back on track.

To find out if Debt Consolidation is the right financial move for you, call our expert debt advisors free on 0800 048 3674 or use the Quick Enquiry form so we can call you back.

Not sure if debt consolidation is right for you? Take the Debt Consolidation Loan Test which will show you what options you have available.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERM OF DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

For mortgages and re-mortgages the overall cost for comparison is 8.5% APR variable and for secured loans 14.5% APR variable. The actual rate will depend upon your circumstances. Ask for a personalised illustration. A broker fee may be payable on completion, and will depend on your circumstances. For mortgages and re-mortgages this fee is typically between 0% and 3% of the gross mortgage amount, subject to a minimum of £2,495 and a maximum of £3,995. For secured loans, the fee is typically between 0% and 10% of the loan value.



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.

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