Debt Consolidation Loans

If you're looking for a UK loan to consolidate your debts, we could help. We'll find you a debt consolidation loan that's right for your circumstances.

  • Reduce your monthly repayments
  • Personal and homeowner loans
  • No upfront fees

Please note this calculator is a guide only. The actual rate offered will be based on individual circumstances. The amount we show you is just an estimate. To get a personalised quote, we’ll ask for a few more details.

What is a debt consolidation loan?

A loan designed to help you get on top of any outstanding credit you have, by moving all your debt into one place. That means one loan amount, one monthly payment, one interest rate, and one lender.

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No impact on your credit score

How do debt consolidation loans work?

We get it might seem a little overwhelming, but it really is quite straightforward. Here's how the process works:

  1. You'll take out a loan that will cover all of your outstanding credit
  2. That loan is used to pay off your creditors in full
  3. Make single monthly repayments until your loan term is complete.
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No impact on your credit score

Secured & unsecured debt consolidation

Which borrowing option you choose will depend on two things: If you own your own home or not, and how much money you need to borrow

Secured debt consolidation

A secured loan is one that’s ‘secured’ to the equity you have in your property, and for this reason is only available to homeowners. As with any type of credit, sticking to your repayments is essential but you should also be aware that with a secured loan your home could be at risk of repossession if you don’t.

Unsecured debt consolidation

If you’re not lucky enough to own your property, you need less money, or you simply don’t like the idea of putting your home at risk, an unsecured loan could be an option. You might also see this described as a personal loan.
As the name suggests, this isn’t secured to anything except you and eligibility is based purely your credit score and financial situation. For this reason, they are accessible to more people, but it can mean that a patchy credit history could hinder your chances of being accepted (although not necessarily with us).

Advantages and disadvantages

If you’re still not sure what's right for you, here are some pros and cons to help you reach your decision.

Secured loans


  • Often carry lower interest rates
  • Generally easier to obtain because they carry less risk
  • You can borrow more money and for longer
  • More likely to be accepted with a poor credit record


  • You could be risking your home if you fall behind on repayments
  • Borrowing over a longer period means you’ll be paying interest for longer, which could result in paying more overall than with individual debts

Unsecured loans


  • One interest rate is likely to be less than several combined
  • You won’t be putting your property on the line


  • Limited on how much you can borrow
  • Harder to obtain with a patchy credit record
  • Shorter repayment durations available