Debt Consolidation Loans From Finance Now

Debt Consolidation Loans

Consolidation loans are designed to take all or part of your unsecured debt and combine, or consolidate it into one monthly payment. The idea is that this one payment is easier to manage, and may be lower than the total of the payments you were making before the consolidation loan.

For example, you might owe:

£1,000 for a motorbike
£100 on a credit card and
£500 on a storecard
£500 on another storecard

You would simply add these together and borrow £2100 as a consolidation loan. The repayments on this might be less than the 4 monthly payments you were making previously!

Why take out a consolidation loan?

Are you struggling to meet your monthly payments?
Would you like to consolidate your debts into one more affordable monthly payment?
Are you paying several different variable interest rates and would prefer one manageable rate?
Would you like to reduce your monthly outgoings?

Why do consolidate loans work?

Consolidation loans can be secured or unsecured. This means they may be taken against property, but they are also available for tenants.

A loan which reduces interest can reduce your debt considerably. A debt consolidation loan just might be cheaper than one or more of your existing interest rates, saving you money. Plus, you may end up spreading the repayments over a slightly longer period, making those monthly payments a little more affordable. And don't forget how much better it is to only have to make one payment each month not several!

There is also one benefit of consolidation loans not to be overlooked: they mean you pay your debts all in one go each month - no late payments, and no forgetting one. If you have poor credit, your credit history should start to show an improvement quite quickly as soon as you start making regular payments, and old arrears on your debts will start to disappear and be replaced by a new, good credit history! This will make it easier for you to obtain credit in the future.

Contact Finance Now today to see how we can help with a consolidation loan.

Monthly Repayment & APR rate may vary on your personal circumstances.

OUR TYPICAL, VARIABLE RATE IS 11.3% APR. RATES RANGE FROM 7.4% APR to 27.60% APR THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.

All loans subject to status in the UK to residents aged 18 and over and may be secured on property
Finance Now is a trading style of Click Financial - Bridge House, South Street, Farnham, Surrey GU9 7RS

Fast application for debt consolidation loans.