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Posted by / 26-Aug-2017 08:06

Consolidating debt without

Although your debts won't disappear, merging them into one personal loan could reduce your monthly outgoings and help you better manage your money – as long as you can afford the repayments.The average household had £7,616 of consumer debt in December 2017, according to the Money Charity.Rather than making lots of separate payments to different lenders every month, you’ll only have to pay your consolidation loan provider.With each separate existing loan you look to pay off with your consolidation loan, check whether there are any early repayment charges – and, if so, factor them into your calculations.

An unsecured personal loan is an installment loan that is not backed by collateral such as a house or car.It allows us to use your personal circumstances to see your eligibility for loans – but this is not a guarantee of acceptance and should be used as a guide only.Money Super Market is a credit broker – this means we’ll show you products offered by lenders.We never take a fee from customers for this broking service.Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.

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