Debt consolidation loans
- Lower your interest rate and streamline your monthly payments
- Simplify your monthly payments into one manageable amount
- Gain peace of mind with a clearer financial path ahead
- Potentially improve your credit rating with regular, on-time payments
What is a debt consolidation loan?
Imagine a single, lower monthly payment and reduced financial stress. Take action now and simplify your debts.
A debt consolidation loan is designed to pay off your existing debts, such as credit cards, overdrafts and personal loans, and consolidate them into one more manageable monthly payment.
By consolidating your debts into a single loan repayment, you can simplify your financial situation and lower the interest you pay on your borrowing.
Debt consolidation loans can be either secured (which means you use an asset such as your home to back it) or unsecured (not backed with collateral).
We provide only secured debt consolidation loans, which are taken out against the equity you have in your property. This provides security to the lender should you default on the loan.
A secured debt consolidation loan can effectively manage high-interest-bearing debts, handle your finances, and help you to work towards becoming debt free. It’s important to understand that if you fail to maintain payments on a mortgage or any other debt secured on it, your home may be repossessed.
Free, no obligation advice
Start your journey to financial freedom today. Fill out our form and discover how a secured debt consolidation loan can change your life.
How it works
Lower interest rates
Our secured loans typically offer lower interest rates than unsecured personal loans, saving you money.
Flexible terms
Tailor your loan terms to fit your financial situation, ensuring manageable monthly payments.
Expert guidance
Our advisers assist you from application to approval, simplifying the process and ensuring clarity.
Security for the lender
Using your home as collateral lowers your interest rate and increases your borrowing power.
Single monthly payment
Combine multiple debts into one easy payment, reducing financial stress and improving management.
Secured debt consolidation loans can be a viable option to simplify your finances and reduce your interest costs. Our expert advisers can help you find the right debt consolidation loan for you. However, before applying for a secured debt consolidation loan, you must ensure you can afford the monthly repayments, even if your circumstances change. You should also calculate whether or not you'll be saving money when considering any fees associated with the loan.
Cial Bray
Head of Homeowner Loans | Better.co.uk
