debt consolidation

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debt consolidation

Write off 75% of your total debt. New government legislation allows you to write off up to 75% of your overall debt. Save yourself time and money when looking for a debt consolidation loan by using our debt consolidation loan finder service, a one-stop shop allowing you to compare hundreds of debt consolidation loans in one go, guaranteeing to find you the best debt consolidation loan on the market. We search over 500 debt consolidation loans from a panel of over 100 lenders. We pride ourselves on being able to provide the very lowest debt consolidation loan quote for anyone in the UK.

Why use elitemoney for debt consolidation?

Choice
Whether you are looking to consolidate your debt or if you have had trouble getting credit in the past - you can be assured that we have the perfect debt consolidation loan to match your requirements.
Convenience
Why phone lots of debt consolidation agencies or trawl the High Street? Enter in your details above and find a great loan debt consolidation loan deal in an instant and save time, effort and money.
Trust
elitemoney is entirely independent of any bank so we do not favour one debt consolidation loan deal over another and will only put you in touch with carefully screened debt consolidation companies who can offer you the best debt consolidation loan rate.
What's right for you
Whether it's how much the debt consolidation loan costs each month, the APR, or the total amount you have to pay back, you can find the perfect debt consolidation loan that suits you.

Debt consolidation loans are popular for their ability to combine other debts in to one monthly payment. You've probably heard the endless television commercials about consolidating your outgoings, and there does seem to be a large market for this kind of financial action.

There are many reasons why you might wish to consolidate your debts. Consider the idea that you have several outgoings, all at different monthly fees, all with different deadlines to be received by. Is that going to help you sleep easily?

It can be a time consuming business to keep on top of a loan, and even more consuming to keep on top of several different debts. By consolidating, we can take out another loan and pile the debts together.

Don't expect your outgoings to suddenly disappear in a puff of white smoke, we haven't got that far yet. But it is a great way to loosen the responsibility on your shoulders and grab control of the situation.

Of course, there's also the chance that your debts are working at different interest rates. Some may be fixed, others may be variable.

How are you maintain a budget when rates are skipping all over the place and you don't know what's what. By using debt consolidation, you can turn all those differing rates in to one single interest-rate.

It's likely that the interest rate will be high, although you can get special 0% bonuses for set time frames. These act as an introductory incentive more than anything.

Both variable and fixed debt consolidation loans are available. Variable rates are by far the most actively used loans and they have the potential to go both up or down. It's nice to know that only one of your repayments is gaining interest, rather than a whole filing cabinet full of them!

And once again, you can expect to find both secured and unsecured debt consolidation loans. If you have a mountain of debts to take care of, it's likely that only a secured loan with be suffice.

These kind of loans offer extra money and lower interest rates - but they come with the additional burden of having to secure the loan. To secure a loan, you'll have to link it to your assets , and normally your home.

Unsecured loans offer less money and are a good option for consolidating lots of mini-debts. They don't come with the stress of having to tie your property in to the equation, and you have a certain degree of the flexibility.

What a lender is willing to offer you will be determined largely by your credit report. If you have a good history, you're more likely to be offered an unsecured debt consolidation package. If your record is tainted, you could end up having to put your home at risk.

Debt consolidation offers peace of mind more than anything. It'll take you longer to pay off your debts, but on a monthly basis, you'll have much less to worry about. It's also possible to make savings due to the consolidated interest.