Consolidate Your Debts

UK Consolidation loans between £5,000 and £75,000

  • No upfront fees
  • Quick online application
  • All credit scores considered
  • One affordable monthly payment
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Representative 12.9% APR

12.9%

APR (variable)

Representative Example: Borrowing £7,500 over 60 months, repaying £167.57 per month, total repayable £10,054.20.

Total cost of credit £2,554.20.

Interest rate 12.9% (variable).

The lenders on our panel offer loans for 12-120 months, with rates from 4.4% APR to 49.9% APR.

Consolidate Your Debts in 3 Easy Steps

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Start your journey with our quick and easy online application. Start now >

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Your application will be reviewed

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If approved, the money will be paid straight into your account

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Worried about debt?

You’re not alone. According to recent published data, the average UK household debt hit £15,400*

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*TUC, 'Unsecured debt hits new peak of £15,400 per household – new TUC analysis', 2019

Why Choose Us?

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One affordable payment

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Bad credit?

No problem. We consider all credit scores - even bad ones!

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Expert advice

We are experts in debt solutions.

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No upfront fees

No hidden upfront fees to worry about.

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Tailored for you

Real rates tailored just for you.

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Quick application

Our online application only takes minutes to fill out. Start now >

Debts you can consolidate

Once a consolidation loan is approved, you can use the money to repay your debts while just paying one affordable monthly payment. Below are some of the most common debts you can consolidate:

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Personal Loans

Just barely making the monthly payments? We can help you take control of your finances and make these a thing of the past.

Repaying personal loans

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Store Cards

Sometimes, purchases just become essential. If store cards have caused you to have debt, then we can support you in repaying this at an affordable rate.

Repaying store cards

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Credit Cards

Credit card debts can quickly become unmanageable but, don’t worry, we are here to help you.

Repaying credit cards

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Payday Loans

If you’re struggling to repay your payday loans, help is available. In just a few hours you could have the funds you need to close these accounts.

Up to 8 million people in the UK are unable to pay off debts or household bills – Are you one of them?

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*BBC News, 'Household debt: How much do we owe?, 2018

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FAQs

Consolidation Express will always help where we can - regardless of your credit score. Some companies may reject you for a personal loan if you have bad credit, but we believe this is unfair. Personal circumstances or a poor credit history shouldn’t stop you from resolving your debts, so we will always consider you.

However, to get the lowest interest rates on consolidation loans, you will usually need a good credit score. As a result, you could still receive the funds you require, but will need to pay higher interest rates compared to someone with a good credit rating.

Debt consolidation loans work by paying off your debts with a lump sum, allowing you to pay a single monthly repayment, instead of multiple. Your credit rating should improve, so long as your monthly repayments are on time. Applying for a debt consolidation loan will involve an in-depth search of your report though, which can temporarily lower your credit score, but it should bounce back quickly on the condition that you don’t apply for credit regularly.

Yes you can, but using your credit card afterwards does raise the risk of repeating the problem you began with, so it is a good idea to keep your credit card balance at zero.

Bear in mind too that the longer you keep your credit card at a zero balance while the account is open, the more your credit score will improve.

Debt consolidation will stay on your credit report for a considerable amount of time, but this is not necessarily a bad thing, assuming your personal loan payments were made in full and on time.

Hard searches will be wiped from your credit history after a year, but most negative information (i.e if you default on a loan or make late payments) typically stay on credit reports for seven years.

It will be very difficult to consolidate debt without hurting your credit rating, but the negative effects should only be temporary and should quickly improve once you start to pay off creditors on time.

Additionally, a decline in credit score from consolidation loans shouldn't be as bad compared to alternative debt solutions.

It takes just minutes to apply for a consolidation loan with our quick and easy online application. Once completed, our advisers will do all the hard work and be in touch with your options shortly.

If your application is approved, your debt consolidation loan could be in your account within forty-eight hours!

A personal loan won’t reduce or write off your debts - you just end up paying a different organisation instead. This means that the same consequences still apply if your repayments aren’t approved, leaving you with the risk of defaulting on the loan.

It can often be useful to compare debt consolidation loans, allowing you to find your exact interest rate, and what the actual debt consolidation loan cost will be in your circumstances.

A debt consolidation loan lets you take out a sum equal to or greater than the overall cost of all your existing debts. Once you have received an approved loan by us, outstanding debts can be paid off one by one.

This leaves you with just one loan to manage, which can be repaid through one affordable single monthly payment.

It depends. Even if you have a debt consolidation loan, you can still buy a car outright with savings, but receiving car finance becomes difficult with debts to your name. Lenders look at a range of factors though and consider a range of eligibility criteria, so buying a car is still doable.

There are also steps you can take to improve your chances of success.

There are three main reasons why you have been rejected for a debt consolidation loan:

  • Low income - the lender doesn’t think you can afford the repayments
  • Too much existing credit card debt - they don't want to put you into further financial difficulty if your credit card debt is too high
  • Low credit score - they think it is too risky to lend to you

Don’t despair and lose hope if you are rejected for a loan though. There are still many other options available to you, and there could be something that you can do to improve your chances of being approved for a debt consolidation loan.

An unsecured debt consolidation loan is a type of personal loan that can be used to consolidate multiple debts into a single, monthly payment. Unlike secured loans (which require collateral), unsecured loans do not require any form of collateral. This makes them a good option for those who do not have any assets to use as collateral.

There are many different types of unsecured debt consolidation loans available, including fixed-rate loans, variable-rate loans, and line of credit products. The best type of debt consolidation loan for you will depend on your individual financial situation.

A secured debt consolidation loan is a type of loan that uses collateral to secure the loan. Collateral is an asset that can be used to repay the loan if you default on the payments. The most common type of collateral for a secured consolidation loan is a home equity line of credit (HELOC). Other types of collateral include vehicles, savings accounts, and certificate of deposits (CDs).