Manage Your Finances

How to Apply for Debt Consolidation

Debt consolidation aims to make your debts easy and manageable.

Everyone’s situations are different, when it comes to debt problems and solutions, one size doesn’t fit all. When you first apply you will talk to a Financial Solutions Advisor, who is able to provide advice and discuss with you the best course of action for your circumstances, they will then guide you through how to apply for consolidation, if they believe that is the best course of action for you.

The Financial Solutions Advisor you speak to will conduct a comprehensive review of your finances. This review will assess your monthly income and the essential expenditure you have to make every month, this includes food, clothing, gas, electricity and water bills, and also costs involved with travelling to and from your place of work. Once they have conducted the review of your financial circumstances, they will look at the level of debt you are in, the creditors you owe and the interest rates you are paying. They will then review whether a debt consolidation loan is right for you. There are a wide range of solutions available including debt management plans, IVAs/Trust Deeds and Debt Relief Orders, it could be that a debt consolidation loan isn’t best suited to your financial circumstances.

If a debt consolidation loan is the best possible course of action for your financial circumstances, your provider will then approach your creditors to negotiate the best possible interest and repayment terms for you, and also request that any charges you have received for late payments are either frozen or reduced. Your creditors aren’t obliged to agree to these requests but by seeing you are working on your problems, they will see you are serious about regaining control of your finances, so are generally more lenient. Once your provider has negotiated with your creditors and decided a debt consolidation loan is the best financial solution for your debt problems, they will research the best value solution to suit your circumstances from a comprehensive panel of lenders.

Expert Financial Solutions Advisors are just a phone call away, they can provide you with advice and advise you on the best possible solution to determine whether this is the right option for you.

Apply online to receive a no obligation assessment call at a time convenient for you. A Financial Solutions Advisors will give you a call at a time you specify, they will then be able to talk you through debt consolidation and decide if it is the right option for you. They won’t perform any credit checks or research your financial history prior to calling you, and will only do these things with your permission. For debt management expertise and a no obligation financial assessment at a time convenient for you, apply online.

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To date I've been involved with helping thousands of clients save money by offering personalised mortgage & debt management solutions and have assisted in restructuring million of pounds of debt. You can contact me on

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