Debt consolidation

• Merge your debts into one manageable monthly payment
• Reduce the amount of interest you're paying each month
• Spread your loan over a longer period of time

Are you struggling to meet the minimum monthly repayments on your store and credit cards and other unsecured loans? Do you think that you’d manage so much better if you merged all your debts into one – and then made one single lower monthly repayment? Then you should look at a debt consolidation loan.

What is a debt consolidation loan?
Quite simply, it’s a new loan you take out to pay off all your existing unsecured debts. It’s a great way to stop your debts from spiralling out of control, and to start making real inroads into reducing the total amount of debt you owe. A debt consolidation loan can be secured or unsecured. Either kind will reduce the actual cost of your borrowing.

I’ve got some more questions about consolidation loans

Debt consolidation loans aren’t for me