Debt Consolidation Loans
Welcome to our section for debt consolidation loans of The Money Stop.
For consumers that have a large number of high interest debts with a variety of creditors, debt consolidation can prove to be an effective and more affordable solution.
With debt consolidation you can pay off all of your smaller debts, such as credit cards, store cards, catalogues, and smaller loans. This will then leave you with one repayment, which makes finances more manageable, and you may be able to save a small fortune on the amount that you are repaying each month as well as the total amount that you repay in interest.
Anyone that has unmanageable debts can choose from a number of options that could help them. This includes a professional debt management plan, IVA (Individual Voluntary Arrangement), informal arrangements with creditors, and consumer credit counselling to get advice about how to better manage finances. These are all possible options for those with high levels of debt that they cannot manage, and can help you to get relief from financial stress.
However, for those that simply need to cut down on their monthly repayments, and deal with a lower number of debts and creditors debt consolidation can prove the most effective solution. This could help you to avoid getting a bad credit rating. You can get consolidation loans on a secured or an unsecured basis, although those with existing poor credit may only be eligible for a secured consolidation loan.
The interest rates, repayment periods, and monthly repayments can vary from lender to lender, so it is important to compare a range of consolidation loans in order to find the best one for your needs.
You can apply for debt consolidation loans quickly and easily online, and this is also the ideal way to compare a range of consolidation loans from a range of lenders, which can help you to quickly determine which loan is right for you.
Once you have found the right consolidation loan you can also make your application online, and provide details of the debts that you wish to pay off with your consolidation loan. Many lenders can provide an instant decision in principle with an online application, which can cut down on the time that you have to wait to find out whether your debt consolidation loan application has been approved.
With debt consolidation you could see a dramatic reduction in the amount that you have to repay each month, which can reduce the chances of falling behind with repayments and adversely affecting your credit rating.
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Loans |
Typical APR |
Notes |
More Details |
|---|---|---|---|
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23.1% |
No upfront fee and no credit check until you agree. |
|
|
48% |
Yes Loans will charge you an upfront fee when you apply for a loan. If your loan application is unsuccessful they will refund the fee less an admin charge. |
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