What is Debt Consolidation?

In simple terms, Debt Consolidation means taking out a single loan to pay off many other loans. This is often done by securing a lower interest rate, fixed interest rate or other convienience in one loan. Debt Consolidation is more advisable when an individual is paying off high interest credit card debt, store card debt, overdraft or loans. Many people are choosing to put all their debts in one place and its easy to see why. By consolidating your credit card, loan and other debts you may end up with just one manageable amount to pay each month with lower rate of interest.

There are many ways to consolidate your debts. In most cases you can consolidate your debts or outgoings into one lower affordable monthly payment.

Why would I consider Debt Consolidation?

To replace multiple loan and credit card payments with a single low interest monthly payment.
Reduce your overall monthly commitments.
Reduce rates on high interest credit cards, store cards, overdrafts or loans.
Easier to manage – one affordable monthly payment.
Reduce your payments without affecting credit rating.

How do we consolidate your debts?

Our team of CE-Map Qualified experts can advise on a wide range of options and will be able to recommend the right one for you based on your circumstances. By discussing your monthly commitments and requirements we can find the right mortgage from the whole of market. Once we have found the mortgage that is most suitable for your circumstances we will take care of all paperwork and administration on your behalf.

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Not sure if a debt consolidation mortgage is right for you? We can offer a range of debt solutions to best suit your circumstances, these include:

- Secured Loan
- IVA
- Unsecured Loan

If you are still unclear or need more advice on what to do, please feel free to contact us. Our team of experienced advisers will do their best to provide you the best service and peace of mind.