Manage Your Finances

Am I eligible for a debt consolidation loan?

Debt consolidation loans are designed for those who are struggling with multiple unsecured debts and multiple creditors.

Unsecured debts that are ideal to be consolidated using a debt consolidation loan include credit cards, store cards, loans and Hire Purchase (HP) agreements.
You may be eligible for a debt consolidation loan even if you have:

− Past CCJs/defaults
− Mortgage or rent arrears
− Poor credit history
− Have been declared bankrupt in the past

Debt consolidation doesn’t require you to be a homeowner or even if you are a homeowner, you won’t be required to borrow against your property if you don’t want to. However, as with other types of loans, an unsecured debt consolidation loan will often have a higher interest rate than that of a secured consolidation loan.

Written By

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

    Find more about me on:
  • googleplus

Debt Management Plans


Compare debt management plans from the leading providers in the UK & find peace of mind in minutes.

Read More

Debt Consolidation


Find a wide range of debt consolidation services to help you get your finances back on track.

Read More

Free Help & Advice


Free advice from experienced and understanding specialists to help you get debt-free.

Read More