DEBT CONSOLIDATION LOANS

Secured Loans - £10,000 to £1 Million.
CCJ's, Defaults and Mortgage Arrears.
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Applying for a loan may seem challenging. You need some extra cash but the choices can be overwhelming and hard to understand with jargon like APR, secured, unsecured and so on. Its hard to know where to begin. We can help...

We can advise and help you choose the right loan for you, from personal loans to homeowner loans. We can even help you secure funds if you have a bad credit history. We will help you to understand the conditions of your loan and give you a full detailed breakdown along with lender details. Naturally, the most important thing is to make sure you will be able to afford the repayments.

Debt Consolidation Loans

SECURED LOAN LENDERS

(not all lenders displayed - not specific to your personal circumstances)

Customer Reviews

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. A BROKER FEE OF UP TO 15% OF THE AMOUNT BORROWED WILL BE CHARGED ON SECURED LOANS.

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.

Secured

Secured Loan
(Homeowners only)

FROM £10,000 - £1,000,000

RATES FROM 4.30% APRC

REPRESENTATIVE 16.9% APRC VARIABLE

Representative Example - If you borrow £12,000 over 4 years at a Representative APRC of 16.9% and an annual interest rate of 16.9% APRC (fixed) you would pay £345.64 per month.

Total charge for credit will be £4,590.72
Total amount repayable is £16,590.62

PLEASE SEE THE ABOVE TYPICAL APRC REPRESENTATIVE COVERING ALL THE LOAN PRODUCTS WE PROVIDE AND SOME OF THE LENDERS LOGOS WHO WE WORK WITH. (RATES AS OF 16/01/2017)

Debt Consolidation Loans

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.

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. Very easy and tempting to use your full borrowing limit on a credit card but getting things back on track, that is repaying the amount that you have spent plus often considerable interest can be very tricky.

Debt consolidation loans can pull together all these types of outstanding debts into a simple and manageable monthly payment. No extra charges, late payment fees, just a single affordable payment. The borrow knows the total amount and when it is due for payment so can budget accordingly and make sure that he or she stays on top of his finances with a debt consolidation loan.

One element that needs to be considered though is potential early redemption fees - that is the settlement charged on a loan if settled early. Its a relatively easy calculation to work out if these redemption fees outweigh the interest saved by using a debt consolidation loan. This issue does not occur with credit cards and if people have a few high outstanding balances on high interest credit cards then the decision to take out a debt consolidation loan becomes a lot easier.

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