Debt Consolidation is a very common phrase however it is surprising how many people do not understand what debt consolidation actually is and whether it is suitable for them.

A lot of people may not realise that this is available to them because they have a lot of debt and as a result may miss out on the opportunity to lower their monthly outgoings. A debt consolidation loan is specially designed for this reason. By combining all of your different credit cards / loans into one affordable sum then the overall interest rate can be reduced.

A debt consolidation loan, unlike bankruptcy, allows people to retain their assets. At the same time as helping them to streamline their borrowing it helps to maintain a good credit rating. The APR with a secured loan could be a lot lower than the combined interest rates from all the different creditors.

With a consolidation loan or remortgage from Newleaffinance, you can consolidate all your debts and reduce your monthly outgoings, even if you have CCJs or a poor or bad credit rating.

Contact us today on 0800 281 370 or apply online now, for either, a secured personal loan or remortgage.