Debt Consolidation Loans
Secured and unsecured loans are available for the purpose of consolidating all your monthly outgoings into one payment. We would recommend that you steer clear of such schemes: the interest is often very high, and you only dig yourself deeper into debt.
The television advertisements that publicise these services can be very misleading – they focus on the premise that you can drastically reduce your monthly repayments, but the small print reveals that you eventually end up paying (in some cases) more than three times the total value of the loan.