Debt Consolidation Loans

If you are looking to take out a debt consolidation loan to reduce your outgoings we have lenders that can help.

This is a specialist area and our advisers can provide you with advice to help you get the right loan.

If you have a low credit score or bad credit registered we have lenders that can still help you consolidate your debts.

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Get Free Quotes For Debt Consolidation Loans

Debt consolidation is the process of taking out a loan to pay off one or more debts that you currently have. For example, credit card balances or small loans which you may have taken out or, in many cases, both of these. Debt consolidation is a manageable and often more affordable way to regain control of your finances and reducing the amount of your monthly outgoings into one manageable payment rather than several.

Debt consolidation loans can make a great deal of sense under the right circumstances. There of course many things to consider before deciding to take the route of a debt consolidation loan but overall this may be a sensible solution for people that may have a number of smaller loans that may be starting to get a little out of control. It is always important to try and maintain a good credit score at all times, however, if you have some debts and are at risk of not being able to make the required payments, then a debt consolidation loan will help by consolidating your various loans into one monthly payment.

People who have taken shorter term loans such as payday loans may well be paying an extraordinary amount of interest. What was seemingly a good idea at the time may have turned into something of a nightmare and the sooner the debt can be settled the better. Another expensive debt is credit cards. It is very easy and tempting to use your full borrowing limit on a credit card but getting things back on track is a different matter and requires repaying the amount that you have spent, plus often with considerable interest and this can be very tricky.

Also, there are occasions in life when your personal situations change and you may find that your finances are stretched with other new commitments and you are struggling to manage.

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What to Expect from The Money Hub

We Gather Information Required to Search the Market

We gather some basic information about you using our quick online form

Conduct a Whole of the Market Comparision

We will search 100’s of providers to find you the lenders who are willing to approve your loan

Provide full service through to completion

We will show you rates along with the monthly repayments. This will not affect your credit score. We’ll also explain any fees if you progress at this point and as long as you are happy to proceed, provide you with the full service through to completion of your loan being accepted

THE ACTUAL RATE AVAILIABLE WILL DEPEND UPON YOUR CIRCUMSTANCES. PLEASE ASK FOR A PERSONALISED ILLUSTRATION.

LOANS MAY BE SECURED ON YOUR HOME. YOU WILL HAVE TO PAY EARLY REDEMPTION CHARGES THIS WILL VARY. A VARIABLE RATE LOAN MAY GO UP OR DOWN IN LINE WITH THE BANK OF ENGLAND BASE RATE. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. FOR HELP, GO TO MONEY ADVICE SERVICE.

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