Should I consolidate my existing debts?
We strongly recommend that you do not take out any kind of consolidation loan to cover existing debts that you cannot afford to repay. Too many people clear the debts with a loan, and then simply build the debts back up - this time with a large secured loan hanging around your neck. Secured loans are secured against your house, just like your mortgage, so if you can't keep up with those payments, then it is possible to lose your house to the loans company.
If you are at the stage of considering a consolidation loan, then please fill in your details below and allow one of our debt advisors to call you back and explain the different options available. Debt Management Plans and IVAs reduce the total amount of outstanding debt rather than add to it, meaning that you will be clear of debt much sooner than would be the case with a loan.
