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Licensed under the Consumer Credit Act 1974
A consolidation loan is where you take out one loan to the value of all your debt, pay off each of your creditors, and you are left with only one payment to make each month. Your debt amount is not reduced however it can enable you to reduce the interest rate overall reducing the total you pay back.

There are many ways to consolidate your debts. In some cases you can consolidate your debts or outgoings into one lower affordable monthly payment.

Consolidating your existing debts into one smaller monthly repayment can sometimes be all that is needed to resolve your financial difficulties.

But consolidating existing credit commitments may not be the answer for you if there are more serious underlying problems.

However, if you are paying high interest rates on your existing debts, then consolidating your debts to a cheaper alternative may be right for you.

For more information on debt consolidation, call us now!