UK consolidation unsecured loans could be the answer if you want to bring all your debts under one roof or are finding it difficult meeting your monthly repayments to your creditors. Our leading lenders offer a selection of competitive loans for a wide variety of purposes, including debt consolidation.
The main advantage of debt consolidation is that as you pay off all your credit and store card debts and other loans with one new loan, you could have monthly repayments which are lower than the sum you are currently paying. The disadvantage is that you will be making monthly repayments for a much longer period in order to pay off the loan. UK consolidation unsecured loans can also help to reduce the pressure you may be under from a number of creditors dealing with just one creditor can be a lot simpler. You need to keep in mind that when you settle your debts you may be charged a redemption penalty or early settlement fee by your creditors. Some companies charge up to two months interest if you settle your debt before the due date agreed at the outset. So make sure that when working out the amount you need a consolidation loan for, you ask your creditors for a settlement...