Debt Consolidation Northern Ireland | Consolidate Debts

What is Debt Consolidation?

If you have several debts you can consolidate them into one debt by taking out a personal or secured loan, or remortgaging your property. This is called Debt Consolidation. What happens is you take out the new loan to pay off all your other debts and then you only have one debt to pay off which is the new loan, so only one monthly payment. Debt Consolidation is only really suitable for people who have debts up to £5000. For debts over this you would probably need to be thinking about a Debt Management Plan or an IVA.

Some of the benefits of Debt Consolidation are…

• Replace several debts with one debt
• Replace your various loan and credit card payments with one single monthly payment
• It will be easier to manage with one affordable monthly payment
• Reduce your payments without affecting your credit rating
• Reduce rates on high interest credit cards, store cards, overdrafts or loans
• Know exactly when your debts will be repaid with a fixed term loan

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Apply for Debt Consolidation with IVA Northern Ireland

If you would like to apply for more information on Debt Consolidation you can contact our expert Debt Advisors via one of the following methods...

• Call us Freephone on 0800 043 3328
• Chat Online to a Debt Advisor Now
• Email us at enquiries@ivanorthernireland.co.uk
• Fill in our Call Back form to the right of the page

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