Need help consolidating my debt

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By taking out a debt consolidation loan with one of our panel of lenders, you will also have the chance to improve your credit rating if you pay it off without acquiring any more debt.Our aim is to make the whole process of becoming debt free as simple and as painless as possible for you, and the first step is offering you a free debt consolidation comparison service. Once you've found a suitable loan, all that remains to be done is to sign up, consolidate all of your existing debts, and they pay them off with one simple, manageable monthly payment.In Scotland you can arrange a Debt Payment Programme from the Debt Arrangement Scheme.You may also have the option of reaching an informal agreement with your creditors.Those applying for credit card debt consolidation for example are likely to get lower interest rates than what they are paying initially.

It is possible for monthly payments to be reduced by taking out a debt consolidation loan.

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.

No, indeed rather the opposite; debt consolidation loans are often taken out as a result of inflated credit card debt and while you will still be able to use your credit card after having consolidated all your debt, it is not advisable, since doing so will simply increase what you need to pay back and worsen your credit rating.

Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.

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