Loans for consolidating
Before you choose a debt consolidation loan think about anything that might happen in the future which could stop you keeping up with repayments.
For example, what if interest rates go up, or you fall ill or lose your job?
A better option might be a 0% or low-interest balance transfer card.
This is the cheapest way if you repay within the interest-free or low-interest period.
Find out more about how debt consolidation loans work, then get free debt advice before you make a decision.
If you’ve got lots of different debts and you’re struggling to keep up with repayments, you can merge them together into one loan to lower your monthly payments.
In addition, the more you understand about the differences between the many debt relief options, the more likely you are to make a smart decision and get on the road to financial freedom.If you’re struggling with debt – as many consumers are – you may be looking for a way to pay off your bills and get back on track financially.