Secured Loan for Debt Consolidation

Debt consolidation loans can make your life simpler and potentially save you a lot of money each month. We can help you consolidate some or all your total debt into one, more manageable homeowner loan. Today's the day to start managing your debt in a way that suits you!

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APPLY FOR SECURED DEBT CONSOLIDATION LOAN

GET HOME LOAN QUOTES

  • First name
  • Last name
Best number to contact you on
Second number(if applicable)
  • House Number/Name
  • Street Address
  • Post Code
Residential status
£ From £5,000 to £500,000
£ Current Balance
£ Current Balance (if any)
£ Estimated valuation


SECURED DEBT CONSOLIDATION LOAN

A secured debt consolidation loan helps you pay off several existing creditors, so that you have one single, manageable monthly repayment to one lender each month. If you are thinking of consolidating your existing borrowing you should be aware that you may be extending the term of your debt and increasing the total amount you repay.

BAD DEBT CONSOLIDATION LOAN SECURED

Yes, even if you have credit problems, a bad debt consolidation loan secured could help you take control of your repayments and repair your credit rating. You are more likely to be accepted for a secured loan because the lenders are using your home as security.

SECURED LOAN TO PAY OFF CREDIT CARD DEBT

You can use a secured loan to pay off credit card debt. Credit card debt can be quite daunting and once you reach your credit limits on the cards, it can be a real struggle to clear down the balances. A secured loan can be your solution, helping you pay off all your credit card debt into one affordable monthly payment.

IS IT A GOOD IDEA TO CONSOLIDATE CREDIT CARD DEBT?

Yes, it is a good idea to consolidate credit card debt, especially when you have too many cards or you have reached the credit limits. Becoming over indebted to credit cards has a negative impact on your credit score and if you are only making the minimum monthly payments to each card, then you are mainly paying interest and the balance will hardly be reducing. Improve your credit file and reduce your outgoings by consolidating your credit cards into just one manageable secured loan payment.

SECURED LOAN DEBT MANAGEMENT PLAN

Yes, it is possible to get a secured loan to consolidate an active debt management plan (DMP). This will depend on the present position of your DMP, your current financial situation and whether your DMP allows you to apply for credit. Some DMPs prevent you from borrowing more money until the plan has been finished. You will need to check with your debt management plan provider before applying for a secured loan.