Debt Consolidation Loans

  • ☰ HOME
  • ☊ APPLY ONLINE NOW
  • ? DEBT FAQs
  • ✍ OTHER SOLUTIONS
    • IVA Individual Voluntary Arrangements
    • Debt Relief Order DROs
    • Debt Arrangement Schemes
    • Scottish Trust Deeds
    • Bankruptcy
    • Business Debt Consolidation
  • ✔ ABOUT US
  • ☎ CONTACT US

Debt consolidation help for those considering a consolidation loan



debt consolidation help photoWhen it comes to debt consolidation, UK residents can rest assured that the government is looking out for them.

Directgov offers debt consolidation help regarding managing and finding ways to reduce debt.

Consumers who feel overwhelmed by debt they cannot repay should follow this advice. Doing so will help them eliminate debt and prevent it from making another appearance. Debt consolidation loans are popular and the government has a lot to say about them. Prior to taking one of these loans, consumers should attempt to make new payment arrangements with creditors or ask relatives for money.

They should also determine whether they are using existing credit options, such as a mortgage extension, personal loan, overdraft facility, store cards, and credit cards to their fullest extent.

National services like CCCS and National Debtline offer free debt consolidation help and may recommend a solution other than a loan. Consumers should always seek independent advice from sources like this before they take out a debt consolidation loan.

A personal loan from a bank or building society may feature a lower interest rate and will not negatively affect the credit score. If a consolidation loan is the only option, consumers should shop around to find a reputable lender offering the best terms.

Debt consolidation help in the form of a loan does have several advantages. A long-term consolidation loan is usually a better value than any short-term borrowing. The interest rate is usually much lower, which decreases the monthly payments.

With this loan, the consumer only needs to make one payment each month to a single lender rather than separate payments of a different amount to each creditor. A repayment date is established at the beginning so the borrower can see the light at the end of the tunnel.



While this funding can prevent consumers from falling behind on payments and ending up with a bad credit rating, Directgov warns that it also has potential disadvantages. Secured debt consolidation loans place the home or other asset at risk if timely payments are not made.

Debt consolidation loans come with added costs, such as setup and repayment charges. In addition, consumers may end up paying more money overall due to an extended repayment period.

By relying solely on a loan for debt consolidation help, some consumers find it difficult to renegotiate with an individual creditor if problems arise. When shopping for debt consolidation loans, bad credit consumers may only qualify for a high interest rate or secured funding.

If any debts remain after the loan is taken, consumers may have trouble affording those payments in addition to repaying the loan.

If consumers review all the information and decide that a debt consolidation loan is still the best option, they should follow several guidelines when choosing this funding.

Shopping around for the best terms can save money. Before applying for the loan, consumers should ensure that it will provide debt consolidation help.

If the loan is unaffordable, it will only worsen the financial situation.

Consumers using loans for debt consolidation help should keep tight control over their finances. They should be aware of costs or penalties for missed or late payments as well as early repayment.

By making every effort to repay the loan within the specified timeframe, they will get themselves back on the right track and can then practice debt-free living.

Related articles:
  • Debt Free Direct Back Sharp Decline in Borrowers Using Loans for Debt Consolidation (prweb.com)


Our Panel Of Lenders Include:

Free Debt Report Download

Download your full guide to the solutions available.

Download guide

Popular Content

  • How Long Will My Debt Relief Order Affect My Ability to Get a Cell Phone Contract?
  • What Happens To U.S. Medical Debt When I Live In UK?
  • Clever Money-Saving Tips For Students
  • I Am Not Seeing the Right Debt on My Credit Report
  • Unsecured debt consolidation loans discussed
  • Money Saving Secrets For Christmas Entertaining
  • Should I Get a Debt Consolidation Loan or Apply for a Lower Interest Credit Card and Transfer the Debt?
  • How Will a Debt Consolidation Loan Help Me Get Out of Debt Quicker?
  • Is There a Statute of Limitations on Debt?
  • Debt Consolidation or Debt Management Service?
  • What Is an IVA?
  • I Cannot Pay My Student Loan Debt, What Are My Options?
  • Should I Borrow from My Retirement Funds to Pay off My Debt?
  • Best debt consolidation loans and how to find one
  • Debt consolidation help for those considering a consolidation loan
  • Save By Taking Advantage Of These Freebies Ideas
  • What Is the Minimum I Have to Pay to a Debt Collection Agency?
  • What Benefits Are There to Debt Consolidation?
  • Is It Possible to Get a Mortgage with No Savings?
  • Budgeting Tips For Students
  • Can A Bailiff Demand More Money If You Already Are Making Payments?
  • Substantial Savings With Regular Saver Accounts
  • Facts You Should Know about Debt Management Programs and Debt Consolidation
  • Saving Money When Using Public Transport
  • I Cannot Afford to Pay Off My Payday Loan, What Do I Do?
  • Debt Consolidation Loans Bad Credit Borrowers Can Use
  • Government debt consolidation loans and how they work
  • My Marriage Broke Up and I Am Stuck With Debt
  • IVA Individual Voluntary Arrangements In The UK
  • How Does A Debt Management Plan Work?
  • How Does My Debt Affect Me If I Wish To Move Abroad?
  • Easy Ways To Manage Credit Card Spending
  • How Does Debt Consolidation Help Someone With Existing Debt
  • Secured debt consolidation and secured debt consolidation loans
  • Is It Safe to Use a Debt Management Company?
  • What Happens to Debt When Someone Dies?
  • My Bankruptcy Was Approved, But I Am Still Being Hassled By Creditors
  • Do I Still Have to Repay a Bank Loan if I Have a Debt Relief Order?
  • Debt consolidation advice the consumer credit counselling service
  • Making Sure Your Debt Consolidation Service Keeps Your Information Confidential
  • Do Laundry The Money-Saving Way
  • Save Money On Reputable Legal Advice
  • Can I Move Abroad to Escape Debt?
  • Can I Sell Debt That Is Owed To Me To a Debt Collection Agency?
  • Top Money-Saving Mobile Apps
  • What Are the Benefits of Filing for Bankruptcy?
  • How Do I Consolidate My Student Loans?
  • Debt Relief Orders DROs Explained In Detail
  • What Happens When I Stop Paying My Credit Cards?
  • Affordable Spring Holidays In 2015
  • Tips To Save While Christmas Shopping
  • Inexpensive Decorating Ideas For Springtime Celebrations
  • Debt consolidation companies and how they work
  • Reduce Expenses for Household Items the Easy Way
  • Overdrafts, Personal Loans, And Debt Management Plans
  • Save Money on Groceries
  • My Ex Owes Utility Companies at My Address, What Can I Do?
  • Debt consolidation counseling for UK consumers help
  • Our Best Money Saving Tips For Skincare And Beauty Products
  • Bankruptcy In The UK And How It Works
  • Will An Overdraft Count On My Credit Report If I Do Not Pay It Off?
  • How Do I File a Credit Dispute?
  • Will a Business Plan Help Me Get a Business Loan if I Have Bad Debt?
  • Types of Debt that Qualify for Debt Consolidation
  • Debt advice in Milton Keynes numbers and contacts
  • Save Cash On Clothes Without Looking Frumpy
  • What Happens When I Marry Someone in Debt?
  • Tips for Reducing Car Insurance Costs
  • Why Should I Document Contact With Debt Collection Agencies?
  • Will My Bad Credit Affect My Ability to Get a Job?
  • Money Savers That Most People Forget
  • Money Saving Tips For Excellent Healthcare
  • How Long Does It Take for Negatives to Fall Off My Credit Report?
  • Saving Money On Pet Care- Simple Ideas That Make A Difference
  • What is the difference between an overdraft and debt?
  • How Can You Make an Offer of Payment to a Debt Company?
  • What Agency, If Any, Oversees Debt Collection Agencies In The UK?
  • Top Ways To Cut Your Hair Care Costs
  • Debt advice in London numbers and contacts
  • Saving Loved Ones From Paying Inheritance Tax
| Terms & Conditions | Privacy Policy | Site Map | XML Site Map | For Homeowners With Bad Credit|

COPYRIGHT © 2011 – 2022 Money Marvel


This website is provided as an independent marketing website. We are neither a lender or an independent financial adviser and as such are unable to offer financial advice. Enquiries generated via this site are passed on to independent financial advisers and loans brokers. Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Money Marvel, 4 Camino Condesa, Fuengirola, 29640, Spain
The server time is 03:21:49am