Have debts of £5000 or more, and struggling to make payments? Get in touch today!

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call The Money Group on 08000 77 4000

Debt Consolidation

Debt consolidation allows you to repay debts at a reduced rate, over a longer period, making them more manageable so you don't have to resort to a loan and potentially get further in debt. Get in touch and take control of your finances.

Customers can get free debt counselling, debt adjusting and providing of credit information services from the Money Advice Service – an organisation set up by the Government to offer free and impartial advice to those in debt. For more information from the Money Advice Service click here www.moneyadviceservice.org.uk
You can find. Government guidance on dealing with your creditors here.

Start planning a debt free future today!

What is debt consolidation?

The process of debt consolidation involves turning several separate debts into a single, manageable monthly payment.

Thousands of people in the UK are struggling with debt which we understand can be very stressful. Getting the right advice is extremely important.

It may be possible to:

  • Reduce your monthly payments
  • Freeze interest and charges
  • Stop creditors chasing for payments

Debt consolidation options include IVA, Bankruptcy, Debt Relief Order (DRO), Debt Management Plan (DMP), Debt Arrangement Scheme and Sequestration.

Please be aware that lenders are not obliged to accept less than contractual, payments or to freeze interest and charges. This may result in an increase in the total, amount repayable and may affect your credit rating.

Other debt options

Debt plans

Find out More

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