UK Debt Consolidation Loans
Think carefully before putting all your debts in one basket
In the UK debt consolidation loans are available to almost everyone, but there are big differences between different products. If you're willing to secure the loan against your property you'll be able to take advantage of exceptionally low interest rates which will slash your monthly repayments.
In the UK debt consolidation loans are available in two main forms: secured and unsecured. With an unsecured loan you won't be putting your home at risk if you can't make the payments at a later date, but if you go for the secured option you'll pay a much lower interest rate.
For UK debt consolidation loans we'd recommend the secured option – assuming of course that you won't be overstretching your finances with the loan. A difference of two or three percent doesn't look like much on paper, but it can mean a difference of hundreds of pounds over the life of your loan.
UK debt consolidation loans are particularly good if you've been running a balance on your credit cards. By getting rid of the cards you can take advantage of interest rates that are almost certainly one half or even one third of the rate you pay your credit card providers.
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