Debt Consolidation Loan
“Nothing but positives for the credit union. Not only have they helped me with savings and loans, they have given me impartial, fantastic advice and made everything so much better for me. I can see light at the end of the tunnel. They offered debt consolidation and were supportive. From beginning to end. I would suggest everyone joins this credit union.”
Do you feel like there is more month than money? Your wage just doesn’t last due to payments to credit cards, store cards and loans?
Our debt consolidation loan could reduce your outgoings and leave you with more of your hard earned wages.
What is debt consolidation?
If you are currently paying off multiple loans or credit agreements, a consolidation loan would be used to pay them all off. You would then only have one loan to repay, potentially at a lower interest rate, saving you money and giving you peace of mind.
What are the benefits?
- Clear end date to when you’ll be debt free
- One monthly repayment
- Lower interest rate than your original debt
- Lower monthly payment
Loan Example – £8,000 over 48 months at 18% interest
Monthly payment: £235
Charge for credit: £3275.20
Total repaid: £11,275.20
As with all of our loans you are free to pay extra at anytime. This reduces the overall interest charges and pays your loan off quicker.
To apply give us a call on – 01294 557123.
Our debt consolidation loans are not for everyone. If you are struggling to make repayments on your debts and are looking for professional debt advice, please contact:
