Debt Consolidation

What is debt consolidation?

Debt consolidation is a way to combine all of your current debts into one, generally as a means to garner a lower rate of interest and to lower your monthly repayments. You may be paying back money on a loan, mortgage or credit card/s, whilst your monthly income takes a huge hit from the amount you have to pay back. By consolidating your debts into one affordable payment, you may find it easier to pay back what you owe.

How does debt consolidation work?

If you go through with a debt consolidation programme then you will be asked to make a single payment once a month. With this you will receive lower interest rates, no late fees and generally a much smaller amount to pay. It will temporarily decrease your credit score, but our job is to bring that back up as quickly as possible.

How much will I save?

Once you are on a debt consolidation plan it is clear that your outgoings will be significantly reduced. This will allow for your debts to be paid back in the shortest period of time possible.

It can be tempting to continue to spend money whilst you are fighting to repay your debts, but with our guidance and support we will ensure that your outgoings are capped and you are being given the best possible opportunity to become debt-free at a more rapid rate.

Call the Debt Advice Unit today!

To get our professional, trustworthy advice about debt consolidation, don’t hesitate to call us on 08000 149 068 or contact us by filling out our online and request a call back. Let us point you in the right direction.

Fees

Debt Advice Units initial advice is free of charge, however if you choose to enter into any of our Debt Resolution Programmes fees are applicable.  We will discuss any fees with you during your initial consultation.  Calls may be recorded for training and quality purposes.