Why choose us?
Your bank may have 100’s of secured loan plans – we have over 10,000!
Plus, we have…
- 30 years of experience
- No upfront fees
- Friendly and fast advice
Promise Money have secured loan plans available for everyone, including those with credit issues…
Using one of the most comprehensive secured loan panels in the UK, we can search for the best deal for you.
About Debt Consolidation Loans
A debt consolidation loan means taking out a new loan to pay off existing debts. By doing so, you can make managing your finances simpler and reduce your monthly outgoings. When you’ve got several debt repayments going to multiple lenders every month it can be difficult to budget. A debt consolidation loan could make things simpler by rolling your debts into one lower manageable monthly payment.
Lower monthly payments
Debt consolidation loans can help reduce your monthly payments by either getting you a lower interest rate than your current unsecured credit, by allowing you to repay your loans over a longer period or often both.
Bear in mind that paying your debt off over a longer period means you will pay interest for longer so could pay more interest in the long term. However lower interest rates may help to counteract this and you can pay the loan off sooner once your monthly payments are more manageable. Also think carefully before securing other debts against your home. We will explain and calculate the details for you.