debt consolidation

topic about debt consolidation

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Plans for homeowners and mortgage payers allowing you to clear expensive credit cards, store cards, bank overdrafts or other loans by replacing them with one affordable monthly repayment.

As long as you have the status and ability to repay then you will receive a cheque to pay off other debts as listed on your application. Remember never commit yourself until you have received the finance!

Loans can also be arranged to pay off mortgage arrears at a much higher rate and this is usually paid direct to the Bank or Builkding Society.

how debt consolidation works

Most lenders will allow you to borrow by way of a secured loan as long as you have the ability to repay. To reduce your outgoings by up to 50% the monthly repayments are lower but repayed over a longer term. The total repayments can be very large by the time the loan is paid off. Ask for a personal illustration.

May not be available to borrowers under a debt management scheme.

how to get a debt consolidation loan

Simply follow steps 1 to 3 below

Step 1 - Work out what you can sensibly afford to borrow

Use currently published interest rate tables to see how much typical monthly repayments will be on the loan amount you choose. You can also ask for a written quotation and personal illustration without any obligation to proceed.

Step 2 - Apply online now and get an 'In Principle' decision

View the appropriate quick and easy form for making your online loan application and find out how to apply on screen now. Look at what is required and it does not take long to apply online SECURELY AND WITHOUT OBLIGATION and you can view what is required on the entire form before entering your details. Get an 'In Principle' decision from an online broker.

Step 3 - Wait a few moments for 'Confirmation on Screen'

Within minutes of submitting your online loans application you will receive confirmation on screen that your details have arrived.

After you get confirmation there is nothing more to do except check your email as if you are successful 'In Principle' you will get a further reply from us telling you how your application is getting on and what the next step will be. The decision to proceed is then up to you and remember you are under no obligation to go ahead.