See Debt Consolidation Loan options online in minutes…
Easily compare the latest debt consolidation loan deals available to you from all the leading UK lenders with DirectQuote, our industry leading, secure online loan comparison.
Debt Consolidation Loans - simplify your finances with one monthly payment
A low rate Debt Consolidation Loan could save you £100s each month simply by consolidating expensive credit
- Real-time loan quote in 2 minutes
- See loans you'll be accepted for
- Choose a repayment to suite you
- Quote will not affect credit score
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
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See loan amounts you would be accepted for
We’ll show you the best debt consolidation loan deals available to you from the secured loan market. You can even change the loan amount and term in real time to ensure the monthly payments are right for you and see how much difference consolidating could make to your finances each month.
Our online quote form will check the affordability of the loan (with no affect to your credit score) so you can be confident that you’ll be accepted. And, if you don’t qualify for the full loan amount – we’ll show you the maximum debt consolidation loan amount you could be accepted for.
Simply apply online or call us on 0800 029 1671 for a fast loan quote.
Unsure which Debt Consolidation Loan option is right for you?
If you’re unsure which Debt Consolidation Loan option is right for you – call today to speak with one of our loan experts or talk with us via our live advisor help chat.
To speak to an advisor call 0800 029 1671
How does debt consolidation work?
1
List all your current debts
Calculate total amounts owed on credit cards, loans, and other borrowing.
2
Apply for consolidation loan
Borrow enough to pay off all existing debts completely.
3
Pay off existing creditors
Use loan funds to clear all outstanding balances.
4
Make single monthly payment
Replace multiple payments with one manageable amount.
5
Save money and reduce stress
Benefit from potentially lower rates and simplified finances.
Debt Consolidation Loan Options
Find the right debt consolidation loan option for your needs and circumstances.
| Loan Type | Amount Range | Typical Rates | Best For |
| Secured consolidation | £10,000-£500,000 | 4.5%-15% APR | Large debt amounts, homeowners |
| Unsecured consolidation | £1,000-£50,000 | 6%-35% APR | Smaller amounts, good credit |
| Bad credit consolidation | £5,000-£100,000 | 8%-25% APR | Poor credit histories |
| Guarantor loans | £1,000-£15,000 | 9.9%-49.9% APR | Limited credit, need guarantor |
Potential savings example before consolidation
Find the right debt consolidation loan option for your needs and circumstances.
| Debt Type | Balance | Rate | Monthly Payment |
| Credit Card 1 | £8,000 | 22.9% | £240 |
| Credit Card 2 | £5,500 | 19.9% | £165 |
| Personal Loan | £12,000 | 14.9% | £280 |
| Store Card | £2,000 | 29.9% | £80 |
| Total | £27,500 | - | £765 |
After consolidation…
A monthly saving in credit outgoings of £287 and an annual saving of £3,444.
| New secured loan | Balance | Rate | Monthly Payment |
| Secured loan over 7 years | £30,000 | 8.9% | £478 |
Imagine consolidating and doing the same with your finances.
When debt consolidation makes sense
Ideal scenarios
- Multiple high-interest debts (credit cards, store cards)
- Struggling to manage multiple payment dates
- Missing payments due to financial complexity
- Paying high interest rates on existing borrowing
- Want to reduce total monthly outgoings
Consider alternatives if:
- You only have one or two low-rate debts
- Total debt amount is very small (under £3,000)
- You can pay off debts quickly without consolidating
- You lack discipline to avoid running up new debts
Debt Consolidation Tools
Debt consolidation calculator
Compare your current costs against what a new loan could offer.
Affordability checker
Ensure new payments fit your budget and see what you could be accepted for.
Secured vs Unsecured Debt Consolidation
Secured Consolidation Benefits:
- Lower interest rates than unsecured options
- Higher borrowing amounts available
- More flexible credit requirements
- Longer repayment terms possible
Secured Consolidation Risks:
- Property at risk if payments are missed
- Longer application process
- Additional fees for valuations and legal work
- May increase total interest paid over longer terms
Frequently Asked Questions about Debt Consolidation Loans
Initially it may dip slightly, but consistent payments on the new loan should improve your score over time.
Yes, secured consolidation loans are often available even with poor credit histories.
Consider keeping them open but unused to maintain available credit, which can help your credit score.
This is a common risk – ensure you have a budget and financial discipline before consolidating.
Key takeaways
- Debt consolidation can significantly reduce monthly payments and interest costs
- Secured options offer better rates but put your property at risk
- Success depends on not accumulating new debts after consolidating
- Consider total costs including fees, not just monthly payment savings
Start Your Debt Consolidation Journey
Get a free debt consolidation assessment – see how much you could save with expert guidance.
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