In this section
What is Debt Consolidation?
Debt Consolidation – How it works
Debt Consolidation Loans
Why Debt Consolidation
The Pros and Cons of Debt Consolidation
Other Debt Consolidation issues to consider
Debt Consolidation Glossary
Bad Credit Loans
Accreditations

Debt Solver is a member of DRF (Debt Resolution Forum). The Debt Resolution Forum promotes professional standards for resolving debtors' financial problems, focussed on the quality of advice provided to consumer debtors by all DRF members.
Success Stories
Latest Blog Feed

The top IVA tip to keep you happy
who are in an IVA need a lot of advice as do people who are considering ...

Three great debt management apps
and more people are turning to personal debt management programmes and services to help them with ...

Third of Britons can’t last a week on savings
to a shocking new survey one in three UK adults has not got enough savings to ...

Britons no longer embarrassed by debt
recent report has suggested that Britons are no longer embarrassed to reveal personal details about their ...

Reading football star Noel Hunt facing bankruptcy threat
star Noel Hunt may be forced to file for bankruptcy thanks to an unpaid council tax ...

Other Debt Consolidation issues to consider




Total Unsecured Debt
Under £15000 Over £15000
Number of Creditors
Monthly Income
Are you a Home Owner
Yes No


Before considering whether or not to take out a debt consolidation loan, there are some issues that need to be considered.

First and foremost, you could be sure that a debt consolidation loan is the best option from the alternatives available such as debt management or a re-mortgage loan for example. For people facing insolvency an Individual Voluntary Arrangement or even bankruptcy may well be a better option.

Once you have taken financial advice and considered all the options available, if you do apply for a debt consolidation loan, you should work out exactly what you can afford to pay each month.

Other important factors to consider are:
  • what is the annual percentage rate (APR) and whether or not it is variable
  • what the total cost of the loan will be
  • the duration of the loan
  • the amount to be repaid monthly
  • the consequences of missing a monthly payment
  • any charges that might apply if you repay the loan early
  • what happens if you decide to move home
Quick Application
Request a call-back
Name
Surname
Preferred contact number
Best time to be contacted
I accept the Privacy Policy
Home
Debt Advice
Debt Management
IVA
Bankruptcy
Debt Consolidation
About Us
FAQs
Contact Us
Blog
IVA Standard Terms
Insolvency Guide
Terms & Conditions
Complaints Policy and Procedure
Sitemap

(c) Debt Solver Ltd - 2010. All rights reserved. Registered in England and Wales, Company No. 03668178. 5th Floor Trafford Plaza, 73 Seymour Grove, Manchester, M16 0LD.
Your home may be repossessed if you do not keep up repayments on any mortgage(s) or any other loan(s) secured against it. Telephone 08000 434 336 (Free for UK residents only). Calls may be recorded for training and security purposes.