Consolidate your debts NOW.
UK Consolidation loans between £5,000 and £85,000. Start your journey with our quick and easy online application.
YOU'RE NOT ALONE
Worried about debt? You’re not alone.
A recent study published data, showing that the average UK household debt hit £15,400*
An easy payment
A debt consolidation loan could be an ideal solution if you want to turn debts with multiple creditors into one easy payment.
Repay one lender
By borrowing enough money to pay off the debts you owe now, you will only have to repay one lender.
STAY ON TOP OF YOUR MONEY
What does a debt consolidation loan do?
A debt consolidation loan, covers all your outstanding debts, so that hopefully you only have to pay back one creditor at the end of each month. This helps prevent multiple lenders chasing you. The loan could also help reduce the amount you pay each month.
Learn more
Why Consolidation Station?
A quick and easy online application
You could receive the money in as little as 2 hours
No upfront fees and you can focus on 1 monthly payment
We have a team of experienced advisors
what we help with
Debts you can consolidate
Here are some of common debts that you can consolidate:
Kerry
“Easy to complete application.
Helpful team with no hidden costs or information."
Jake
“Amazingly efficient and quick. Easy to use, easy to understand."
FAQ'S
Frequently Asked Questions
What is a debt consolidation loan?
You borrow enough money to pay off all your current credit commitments and owe money to just one lender.
There are two types of debt consolidation loan:
Secured – where the amount you’ve borrowed is secured against an asset, usually your home. If you miss repayments, you could lose your home.
Unsecured – where the loan isn’t secured against your home or other assets.
Debt consolidation loans that are secured against your home are sometimes called homeowner loans.
When should you consider a debt consolidation loan?
Consolidating debts only makes sense if:
- any savings aren’t wiped out by fees and charges
- you can afford to keep up payments until the loan is repaid
- you use it as an opportunity to cut your spending and get back on track
- you end up paying less interest than you were paying before and the total amount payable is less (it could be more if you repay over a longer period).
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?
If you’re regularly using credit to pay for basic household bills, this would be a sign that you’re in financial distress.
A consolidation loan might not solve your problems.It’s important to get free debt advice before taking out a debt consolidation loan.
When getting a debt consolidation loan doesn’t make sense
A debt consolidation loan definitely doesn’t make sense if:
- you can’t afford the new loan payments
- you don’t clear all your other credit commitments or debts with the loan
- you end up paying more overall (due to the monthly repayment being higher or the term of the agreement being longer), or
- you need help sorting out your debts rather than a new loan – a debt adviser might be able to negotiate with your creditors and arrange a repayment plan.
Are there any upfront fees?
No, You won’t pay any upfront fees with the Consolidation Station.
Contact Us
Money Helper is a service set up by the Government to provide free debt counselling, debt adjustment and credit information, find out more here; www.moneyhelper.org.uk
UK Consolidation loans between £5,000 and £75,000.
Start your journey with our quick and easy online application.
