Manage your debt today
Ready to take on an easy debt consolidation loan with MoneyShop? Get in touch with our team today to see what options we have for you or apply online!
Get a debt consolidation loan and take control of your finances
A debt consolidation loan can help you combine multiple loans or debts into one easy repayment scheme. We help you gain access to your finances fast with:
- One manageable repayment plan
- The same low-interest rate for all loans
- Stress-free affordable repayment timeframes
Take control today
Getting a debt consolidation loan is the perfect way to take control of your finances, allowing you to roll multiple other loans or debts into one easy to manage repayment scheme. Rather than being overwhelmed by separate monthly or weekly payments, debt consolidation lets you combine all of them while extending the overall timeframe of your repayments, keeping them affordable, and placing them all under the same interest rate.
Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online debt consolidation application process, you can apply any time, any day. We know you’re busy, so we get back to you as soon as we can.
Why choose MoneyShop for your Debt Consolidation Loan
Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online debt consolidation application process, you can apply any time, any day.
Apply online
Complete our simple online loan application form. It only takes a couple of minutes!
Competitive rates
Get an affordable loan with a term repayment schedule that suits you.
Get paid
Once your application is accepted, the money is deposited in your bank account! It couldn’t be easier.
How do our Debt Consolidation Loans work?
A debt consolidation loan essentially adds up all your existing loans, pays all of them off completely, and then creates a single, new loan for the amount used to clear the previous debts.
But how does combining several debts lead to smaller repayments and better interest rates?
- One fixed interest rate instead of multiple interest rates.
- One repayment to keep track of reduces your chance of incurring extra costs for missed/late payments.
- Debt consolidation has proven a valuable tool for those looking to get out of debt, too. You are able to focus on paying off costs without being swamped by the details.
- Ultimately, it’s important to remember that it is the same amount of debt, just combined, and so it isn’t necessarily a solution for totally cancelling debt. On the other hand, even though it might seem like a lot, it’s the same amount of debt as before, just with less to manage. In most cases it can work out cheaper in the long run, as you’re likely to pay less in fees, and enjoy a fixed interest rate.
Debt Consolidation Loan FAQ's
What Is a Debt Consolidation Loan?
A debt consolidation loan can help you combine multiple loans or debts into one easy repayment scheme — with one manageable repayment plan, the same low-interest rate for all loans, and stress-free affordable repayment timeframes.
How Do I Get a Debt Consolidation Loan?
Complete our simple online loan application form. It only takes a couple of minutes! Here at MoneyShop, we aim to approve your application and get you access to your finances as fast as possible. Thanks to our online debt consolidation application process, you can apply any time, any day. We know you’re busy, so we’ll get back to you as soon as we can.
Does A Debt Consolidation Loan Affect Your Credit?
A debt consolidation loan can appear as a new line of credit in your report, which can be viewed as negative, but the positive effects of paying off two, three, or more of your debts far outweighs any negatives.
Can I get a Debt Consolidation Loan with Bad Credit?
It depends – give us a call and we can do a credit check to see if we can help.
Is a Debt Consolidation Loan Right for Me?
A debt consolidation loan can be a great way to get all of your debt into one manageable place. Things can be easier with a single repayment each month, but it is important to make sure you can realistically afford the new repayment amount.
Why should I get my Debt Consolidation Loan from MoneyShop?
Here at MoneyShop, we are all about providing our customers with quick and easy solutions. It only takes minutes to apply for a debt consolidation loan online and your application will be in the hands of our staff ASAP.
Any more questions?
Our friendly team are here to help you throughout the entire lending process. Call us on 0800 66 66 39 or get in contact with us here
Here to give you a helping hand
Our friendly team are here to help you throughout the entire lending process.
The APR for an average loan of $3200 over 18 months with an interest rate of 29.95% (which includes all setup fees, our Payment Protection Plan and third party charges) is 36.5%. These charges are variable and dependent upon the amount, term of loan and costs incurred. Example 1 – Representative example of a secured loan where the amount borrowed is $3000: Interest Rate is 29.95%, If the repayment time is 103 weeks then installments would be due weekly at $50 with a final payment of $23.80. Example 2 – Representative example of an unsecured loan where the amount borrowed is $1500: Interest Rate is 29.95%, If the repayment time is 63 weeks then installments would be due weekly at $40 with a final payment of $8.81. Maximum APR 42% | Minimum Repayment Time 3 Months | Maximum Repayment Time 3 Years