Call us free on: 0800 781 7878

Text "Debt Help" to 07530 617 452 and one of our advisors will call you back

Clients

"We were approved for a IVA with the help of Debt Response and we are now about £950.00 per month better off and in 5 years time we will be debt free. We advised some friends to approach Debt Response as well and they have been helped in the same way as us."
Mrs M Davies, Lincoln

Clients

"Debt Response handled everything for us, from setting up a new bank account to talking to our creditors and we're now saving £260 per month! Thank you, we could not have got through it without you..."
Mrs S Clarke, Cheshire

Free Debt Advice

Contact

0800 781 7878

enquiries@debtresponse.co.uk

Address

  • 7 Millbank House
  • Riverside Business Park
  • Bollin Way
  • Wilmslow
  • Cheshire
  • SK9 1BJ

Cost of a Consolidation Loan

A Debt Consolidation loan can substantially reduce your monthly payments and give you a better rate of interest.

The two most important things to consider when looking at a consolidation loan are:

  • how much you are currently paying
  • and how much you can realistically afford to pay

Obviously the more you can afford to pay the quicker you can clear your debts, but don't set your repayments too high and run the risk of defaulting on your payments.

Interest rates

To make a debt consolidation loan cost effective it should have a lower interest rate than what you are currently paying. A professional debt management company like Debt Response will aim to find you an interest rate that is lower than your current rate. If this is not possible you should consider alternatives to a consolidation loan or contact a debt advisor for professional advice.

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