If you have multiple debts, it is possible to pay these off with a debt consolidation loan. This is a type of loan where you are merging all of the repayments on your credit cards, loans or other debts into one monthly repayment.
The main benefit of a debt consolidation loan is that you are able to reduce the amount that you are paying each month. If you are making the minimum payments on your credit cards, it can take decades to clear the balance. A debt consolidation loan repays the amount owed in a fixed period of time. Apply now at Payday UK.