Easy Approval in Three Steps
Take control of your finances in 3 simple steps
Find your ideal repayment plan
Choose a time frame to which works for you.
Begin Your Journey
Simply complete our online form, or if you prefer to chat you can speak to us
Complete the online form
We will reply within 24 hours
Have a question about debt consolidation loans?
We get asked these questions from time to time. We've popped them here so you'll know the answers. If you need more detail, we're always here to help.
What is a consolidation loan?
A consolidation loan is a financial tool that merges multiple debts into a single loan with a lower interest rate, simplifying your payments into one monthly bill and potentially reducing interest charges.
Do you settle my debts directly?
Yes, we directly pay off the debts included in the consolidation wherever possible. In cases where this isn’t feasible, you’ll need to show proof of payment.
Can I request more funds?
You’re generally unable to borrow additional funds within 12 months of taking out a consolidation loan, ensuring a focus on debt reduction.
How can a debt consolidation save me money?
By consolidating your debts, you may benefit from a lower overall interest rate than the sum of your current debts’ rates, streamline your payments to avoid late fees, and better manage your finances.
Are there any fees associated with a consolidation loan?
There may be fees involved, such as origination or administrative fees. These will be disclosed upfront, allowing you to understand the full cost of consolidating your debts before proceeding.
Is a consolidation loan right for everyone?
Consolidation loans are most beneficial for those juggling multiple high-interest debts. They offer a streamlined payment process and potential interest savings. However, it’s essential to consider your financial situation, as they might not suit everyone’s needs. Seeking financial advice can help determine if this is the right step for you.