Don't worry, just call our freephone number on 0808 131 0037 and the Debt Consolidation team will be happy to answer any questions you have.
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.
Both a secured loan and a homeowner loan are loans which are secured against your property. This means that if you can no longer keep up repayments then you risk losing your home.
If you use your loan to pay off your high interest credit and store cards, then it will cut your monthly repayments.
We will do our best to help. no matter what your credit history. You are best calling our freephone number and speaking directly with one of our expert advisors.
With a homeowner loan you will be able to cut your existing monthly payments on your debt and get a cheaper interest rate than an unsecured loan.
The biggest disadvantage is that if you fail to keep up on the monthly repayments then you risk losing your home.
There are a number of different ways that you can compare a loan, but the easiest way is to look for the lowest APR (Annual Percentage Rate).
The amount that you will have to pay each month is dependant on the amount that you borrow. For more information please call our freephone number.
Unlike some lenders, we would never restrict you in what you decide to do with your loan. But one of the most common reasons to get a secured loan is to consolidate your unsecured debts.
A secured loan is a loan secured against an asset of value, such as your home. If you fail to keep to these repayments then your home may be at risk.
Whereas an unsecured loan is not secured against any of your belongings, but as a result it will usually carry a higher interest rate.
There are a number of varying factors which will effect the repayment period. And some Secured Loans give you the option to pay the loan back earlier than planned.
This is dependant on your financial circumstances, but you may be able to borrow a figure into the hundreds of thousands.
At the end of the day it has to be your decision if you think you should get a secured loan, just make sure that you do not over burden yourself by getting into more debt. You also need to make sure that you can afford to make the monthly payments as they fall due, as your home will be at risk if you fail to do so.
Debt Consolidation will ask you a number of questions about your finances, so we can understand more about your situation and, more importantly, make sure that we find a loan which will not hinder your financial circumstances.
Debt Consolidation have a leading panel of lenders and we will always aim to find you the best loan deal to suit your circumstances. But if you have a poor credit rating then you need to be prepared to pay a high interest rate.
Yes, even if you have been turned down for a loan in the past, Debt Consolidation could still get you accepted. The best thing to do is to speak to our advisors on freephone 0808 131 0037.
Yes, a remortgage could save you money. And many of our clients decide to remortgage so they can save money through a lower interest rate, as they are currently on their lender's standard variable rate.
Yes, we can still help you remortgage your home. Each remortgage is different, so the best thing you can do is contact us so we can start the process today.
This is different for each person as it is dependant on your income and the value of your home.
A remortgage is when you, the borrower, change their existing mortgage lender to another provider. This new mortgage will not require you to move from your existing home and it could reduce your interest rates.
Many borrowers feel loyal to their lenders, but this loyalty is not often rewarded. It could really benefit you in the long run to remortgage so that you can take advantage of a much lower interest rate.
Yes, one of the great advantages of remortgaging your home is that you will be able to consolidate any of your unsecured debts.
Your remortgage will give you the opportunity to raise finance by releasing equity in your property which can be used for any purpose. It can lower your interest rate and reduce your monthly rates meaning that you save money.
There may be costs that occur if you remortgage your home. This includes the cost of transferring lenders and legal fees.
Your current lender may charge you for ending your mortgage contract early. But even with this added cost, you could still be saving money in the long term.
Our clients remortgage for many different reasons. A remortgage can offer you low interest rates, as well as a chance to raise finance or consolidate your existing unsecured debts.
We have listed some of the more technical language in our glossary page. But if you need any help or advice you can contact our professional staff via a freephone number.
As each remortgage case is unique, the processing times may vary. But we will try and get your remortgage application processed as quickly as possible.
Each remortgage application is unique, so your costs will vary. Costs to consider include valuation and arrangement fees.
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.