Debt Help Compare is open until 8pm today - call us on 0845 838 1892
From mobiles, it might be cheaper to call us on 01942 204 659
Reduce all your current interest rates and
consolidate all your existing creditor.
Find out if Debt Management is the best option for you
We will select the best advisors to help you save money every month See how much you can save - Try our FREE 60 second debt calculator
What is a Consolidation Loan?
Consolidation Loan
A consolidation loan may be a viable option for many people who feel they need help clearing their debt. And combining your payments into one low monthly amount could seem appealing.
Mortgages / Re-mortgage: Typical APR 8.5%
Image Secured Loans: Typical APR 14.5%
A consolidation loan allows you to consolidate your outstanding debts into one manageable
loan. This fixed monthly payment normally offers a lower interest rate, which effectively lowers your monthly repayments.
A consolidation loan is most likely a secured loan. Although an unsecured debt consolidation loan is possible, but the interest rates would be much higher.
There are numerous things one needs to consider before opting for a secured debt consolidation loan. Firstly, taking out a secured loan against your house is always risky. Be 100% that you are able to obediently make your monthly payments before signing on the dotted line or your home is at stake.
There are other debt consolidation options available that will allow you to consolidate all existing debts into one monthly manageable payment without taking on a further loans or credit such as Debt Management Plans, Individual Voluntary Arrangements - (IVA) and Protected Trust Deeds.
©2010 Minus 5 Media t/a Debt Help Compare
Website Design by Website Design Manchester
& SEO by SEO Manchester
XML Sitepmap