- Online decision in minutes.
- No impact on your credit score
Consolidate Your Debt
All Into One
From
£5,000 - £75,000
Representative 10.7% APR*
Consolidate With Confidence
4.9/5 Rated ‘Excellent’
How It works?
1. Complete your application
Tell us about your circumstances, income and existing borrowing through our secure online application.
2. We assess your information
We’ll review the information you provide and determine what options may be available to you.
3. Consolidate your debts
You’re in control. Review the information carefully and consolidate eligible debts.
Money Helper is a free service set up by the Government to help people make the most of their money. Click here if you would like to learn more about Money Helper and their services.
Why Consider Debt Consolidation?
One Monthly Payment
Replace multiple eligible debt repayments with one monthly loan repayment.
Easier To Manage
One payment date can make your monthly finances simpler to keep track of.
Potentially Lower Interest
Depending on your circumstances, you may qualify for a loan with a lower interest rate than some of your existing borrowing.
Potentially Lower Monthly Payments
A longer or more suitable repayment term could reduce your monthly outgoings, subject to the overall cost of the loan.
Debt consolidation FAQs
What is a Debt Consolidation Loan?
A debt consolidation loan is a new loan used to repay or consolidate existing debts. Instead of managing multiple debts separately, you may be able to replace some or all of them with one new loan.
Will a Consolidation Loan Reduce My Monthly Payments?
It may, depending on the amount borrowed, interest rate and repayment term available to you.
However, a lower monthly repayment can sometimes result from extending the term of the loan, meaning you could pay more interest over the lifetime of the agreement.
Will I Pay Less Interest?
You may pay less interest if the new loan has a lower effective interest rate than your existing debts and the repayment term and fees make the overall cost lower.
This isn’t guaranteed and should be assessed using the actual figures offered to you.
What Debts Can I Consolidate?
Credit cards
Bring eligible credit card balances together.
Personal loans
Explore whether existing personal borrowing could be consolidated.
Store cards
Potentially consolidate eligible store card balances.
Overdrafts
Explore options for dealing with eligible overdraft borrowing.
Will Applying Affect My Credit Score?
No impact on your credit score we use Soft credit checks that don’t affect your credit score.