Fast and easy credit card consolidating
Advantages of debt consolidation loans: Indebtedness is a serious problem for many people across the UK.
According to a report by the Money Advice Service, around 8.3 million people in the UK struggle with problem debt.
It allows us to use your personal circumstances to see your eligibility for loans – but this is not a guarantee of acceptance and should be used as a guide only.
Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.
If the cost of the proposed new arrangement is less than the existing one, it clearly makes sense to consider it.
With a debt consolidation loan, you move all your borrowing, or a significant chunk of it, from a variety of locations onto a single loan.
This is unsurprising: just as income generally rises with age, so do outgoing costs, such as mortgages and credit card debts.
However, it's also true that young families are particularly vulnerable to debt, which might account for why the 25-44 age band tends to require higher loan amounts.