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Debt Consolidation Help

Help with debt consolidation is available. On this page, we've detailed the answers to some of your frequently asked questions. Get support now!
An advisor pointing at an 'Apply' button.

If you’re looking for help with debt consolidation, then we’re just a few clicks away. Whether you need to find out what this product is or how it benefits you, you should be able to find just everything you need to know here.

Of course, if you want to get in touch with us straight away, then click the button below. We can identify if debt consolidation would be right for you:

Do I Qualify for Debt Consolidation?

What is debt consolidation?

A debt consolidation loan involves taking out an amount of money equal to – or exceeding – the value of your debts. Then, you use the funds provided to repay your creditors one-by-one until you only have the loan provider left to repay.

This effectively ‘consolidates’ your debts into one affordable monthly repayment.

To find out more,

visit our page; What is a debt consolidation loan?

Is debt consolidation available for bad credit?

We promise to consider all applications for consolidation loans – regardless of your credit score. Fundamentally, we know you’re trying to get on top of your financial situation. As a result, your history shouldn’t prevent you from doing so.

To find out more,

visit our page; Debt consolidation loans for bad credit

Is debt consolidation worth it?

You should certainly consider debt consolidation if you can afford the repayments on the loan each month and providing you’ll end up paying less towards your debts.

To find out more,

visit our page; When is debt consolidation worth it?

What are the benefits and disadvantages of debt consolidation?

There are several pros and cons to a debt consolidation loan. For example, you can simplify your finances and have more money left over each month to spend on the things you care about.

However, debt consolidation will not reduce the amount you owe and payments must be made on time to the provider.

To find out more,

visit our page; Debt consolidation – Benefits and disadvantages

Do I qualify for debt consolidation?

Generally speaking, you should qualify for debt consolidation if you’re a UK resident and can afford the monthly repayments.

To find out more,

visit our page; Am I eligible for debt consolidation?

What debts can be consolidated?

All sorts of unsecured debt can be consolidated. This includes personal loans, credit cards, payday loans, and store cards.

To find out more,

visit our page; What debts can be consolidated?

How does debt consolidation work?

With debt consolidation, you repay your existing creditors with the money provided one-by-one until you have just the debt consolidation provider left to repay. It’s probably the quickest solution out there to repaying your lenders.

To find out more,

visit our page; How to consolidate debt

Will debt consolidation affect my credit score?

Although some debt solutions will have a profoundly negative impact on your credit score, this isn’t usually the case with debt consolidation. In fact, over time, this could be beneficial for your credit rating.

To find out more,

visit our page; How does debt consolidation affect credit scores?

Is government debt consolidation available?

We hear this question often but unfortunately there is no such thing as government debt consolidation.

An advisor saying she is here to help.

Debt consolidation help is available

If you need help with debt consolidation – and want to find out more information about it – then we’d be happy to give you all the support you need. Just click on the button below, complete the application form, and an advisor will be in touch.

Apply for Debt Consolidation
An advisor pointing to a screen displaying Rep APR.

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.

Further reading

What are the Different Kinds of Unsecured Loans?

Understand what an unsecured loan is, and how best to use the different kinds of unsecured loans in 2023.

What are the Different Types of Secured Loans?

With so many different types of loans available, it can be difficult to know which is right for you. For more information on secured loans, read this expert article.

Persistent Debt – What Does it Mean for Your Credit?

Persistent debt can affect your credit rating for a significant time period. Read to find out more.