Is secured on your home. Rates depend on your circumstances; usually lower than an unsecured loan and often more flexible.
Not secured on your home. May not qualify you for the best rates. Applying to a number of lenders may affect your credit score.
Based on your information we recommend you speak to a personal debt adviser.
They will offer you advice on:
Whether a loan is your best option
Consolidating your debts
Reducing the amount you owe
How to freeze your interest payments
Protecting you from creditors
Based on your requirements we have selected the FSA regulated broker Broker Name to help you with your enquiry.
Please click 'Search' to confirm that you are happy for them to contact you by telephone/e-mail.
Finished
Thank you for your enquiry.
Your adviser will be in touch with you shortly.
Debt consolidation could save money for consumers
Britons who are struggling to manage their debts may find some respite by consolidating what they own, it has been suggested.
Research from uSwitch.com reveals that 9.5 million consumers have maxed out one of their forms of credit during the past six months.
Responding to these figures, uSwitch.com has advised people to consolidate their debts into a single loan with a favourable rate of interest and make one fixed payment on a monthly basis.
Mike Naylor, personal finance expert at uSwitch.com, commented: "Anyone with multiple debts and a poor credit history could be vulnerable to the impact of the credit crunch and should seriously consider consolidation while the option is still available."
He added that although the base rate reduction could help matters in the future, for some borrowers it has come too late.
A recent survey from Standard Life found that debt consolidation was a more accepted practice by younger borrowers
