Debt Consolidation Reviews: Is it Right for You?
Is debt consolidation right for you? Read our debt consolidation reviews to find out if it successfully worked for others.
If you’re considering a debt consolidation loan, you might want to find out about debt consolidation reviews to see how helpful others have found debt consolidation loans to be.
We’ve covered some of our debt consolidation reviews, as well as some of the other information you might need to know when choosing whether to select debt consolidation as a solution to your debts.
The main advantages of debt consolidation
Taking out a debt consolidation loan to cover all of your outstanding debts to creditors means that you should be able to focus on paying back just one creditor at the end of every month. The loan could mean that you pay a reduced amount per month, and may help to reduce some of the stress of having lots of contact from different creditors.
Many of the positive debt consolidation reviews are due to the advantage of being able to focus on one monthly payment to get finances back under control.
Here are some other advantages of our debt consolidation loans:
- You may be able to get the money you need to pay back creditors in as little as two hours;
- You can apply online – our application only takes minutes to fill in;
- No up-front fees to pay;
- You can still be considered if you have bad credit.
Debt consolidation reviews from Consolidation Express
We understand that debt consolidation reviews are an important part of your research when choosing how to get your finances back under control, and choosing a company that you trust to help you get there.
We wanted to share some of our customer stories so you can hear from others on how debt consolidation has helped them:
“Couldn’t have been more helpful than they were today.. I was in tears quite a few times. They calmed me down.”
“Great service the guy on the phone was lovely and very helpful. Glad I did this today. Thank you”
“Very good advice”
“Very quick and straight to the point, and easy.”
Overall, we have an average review of 4/5 on Feefo, which is an Independent Service Rating based on 852 verified reviews.*
Although these debt consolidation reviews may give you an idea of how much of a positive impact debt consolidation can have for many customers who are in debt, we understand that everyone’s circumstances are different. Tell us your circumstances using our online application form and our friendly customer advisors can help you work out whether a debt consolidation loan would suit your current financial situation.Apply Now
* As of 30/03/2021. Take a look at the full details of Our Feefo Reviews.
Is a debt consolidation loan right for you?
If you’re still unsure based on the debt consolidation reviews whether a debt consolidation could work for you, here’s an overview of the circumstances that debt consolidation may work best for:
- If you’re struggling to afford your expenses because of debts from multiple creditors;
- If you have a sustainable monthly income which will give you enough to make the debt consolidation repayments;
- If the loan will be better value than your current payments.
You can fill in the application below to find out whether you’re eligible for a debt consolidation loan based on your financial needs and situation.Do I Qualify?
APRs from 5.8% to 89.9%
We are a broker, not a lender.
Unsecured Loan Representative 69.9% APR
Borrowing £7,500 over 36 months, repaying £502 per month, total repayable £18,083. Total cost of credit £10,583. Interest rate 69.9% (variable). The lenders on our panel offer loans for 12-60 months, with rates from 5.8% APR to 89.9% APR. The Representative Example is based on all loans paid out by lenders between 19th Apr 2022 and 23rd Dec 2022.
Secured Representative 11.7% APR
If you choose to add fees to the loan: Assumed borrowing of £25,000 over 120 months, plus a broker fee of £2,500 and a lender fee of £250 would result in monthly repayments of £345.55, the borrowing rate is 8.6% (variable), the APRC is 11.7% (variable), total charge for credit £16,466.00 and the total amount payable £41,466.00. You can opt to pay the lender and/or broker fees upfront, your adviser will discuss these options with you.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. All rates vary subject to loan amount, loan type and status. Repaying your debt over a longer period of time may increase the amount you pay.