Debt consolidation loans allow you to put all your existing credit cards, loans and other bills into one single loan that you can pay off each month and eventually become debt-free. Compared to paying lots of different debtors and trying to stay on top of it, it is far more convenient to pay these all into one place, on a date that is more suitable for you.
You can apply for a secured debt consolidation loan, so if you have a property that you have equity in and have paid off your mortgage for several years, you can release the funds to pay off your debts in one go. You then simply pay off your debt consolidation loan and interest over the next few months or years.
My Financial Broker can help you get the best debt consolidation loan for help you pay off your outstanding debts. We work with over 25 lenders in the UK and can offer a free quote online with no impact to your credit score. To get started, simply click on apply now below and fill in your details