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Debt Consolidation Loans

A debt consolidation personal loan collates all existing debts and converts them into a single, manageable monthly payment. If an individual has several outgoing monthly payments, such as credit card payments, store card payments or even other personal loan payments, a debt consolidation deal can prove to be very useful. In this day and age of ‘putting it on the plastic’ many people in the UK have found themselves trapped in debt, due to the relative easy of obtaining credit and store cards, overdrafts and bank loans. The interest rate on the consolidation loan is typically lower than the combined rate of the multiple borrowings however the loan repayment term is usually greater. Please try several of our featured lenders for your choice of secured or unsecured loan to find the one best suited to your personal circumstances.