Need help consolidating my debt
Are you finding it hard to juggle several payments at once?Take out a Debt Consolidation Loan and clear your debts with just one, simple payment each month. We've helped over 2,000,000 people with their finances, join them!No longer will you have to worry about paying off several debts at once, each with a different lender and a different interest rate, with a debt consolidation loan, all of your debt is in one place.It is possible for monthly payments to be reduced by taking out a debt consolidation loan.The Money Advice Service has information about debt management and offers free debt advice.Debt consolidation loans aren't right for everyone.It's important to check all of the other options available and make sure you're making the right choice.While consolidating debt often sounds like a promising solution, this could make your situation worse.
Bear in mind that the longer the duration of the loan, the lower each individual monthly payment will be, but due to interest, you will end up paying back more overall.
New credit accounts are subject to application, credit qualification, and income verification.
If you owe people money (your ‘creditors’) you can make arrangements to pay your debts.
If you have poor credit, you might have to secure your debt, against your house for example.
If you have a bad credit rating/history, then lenders will generally only offer you a secure loan, this means that your property will be put up as security against the loan and will be repossessed should you be unable to pay it back.