Barclays

Debt is nothing to be ashamed of – the financial journey is a narrow path which means that you are bound to hit a few rocks or snags along the way. All that matters is how the situation is dealt with.

There are many advantages to taking out a debt consolidation loan and it can even improve your credit score in the long run.

Improve your credit score with debt consolidation

Many people are afraid that taking out a loan will damage their credit score – especially if they begin to miss payments. The entire purpose of a debt consolidation loan is to better organise your finances and pay off short term loans. When you have multiple debts it can be easy to miss a repayment which will damage your credit score. A single payment loan will help you to budget more easily. This means that you will be less likely to miss payments. If by the end of the loan period you have completed repaying your loan without missing payments you can improve your credit score.

A bank that can change your life for the better

The problem with many modern banks and lenders is that they do not recognise their customers as individuals. This is where we aim to be different: our employees are all experts in their respective field, receive constant training and have the knowledge to know exactly which financial deal will benefit you the most. No matter what your past or current financial circumstances are we will assess your situation in order to provide you with the most beneficial financial solution. If you are a looking to consolidate your debt, purchase your first home with a mortgage or simply open a bank account; we have got it all. Contact us via email, telephonically or make a visit to one of our branches and start paving your way to a brighter future.

Do not hesitate – consolidate!

In a world where the economy is strained and your finances are being stretched to their maximum, it is not uncommon for individuals to have multiple credit cards, store cards or hire purchase agreements. The problem with having multiple debts is the multiple payments that come with them. Each debt has its own payment date, interest accumulated and monthly charges. All of these amounts add up which can result in your losing a lot of money on interest and fees. That being said – a debt consolidation loan can assist you to repay all the current debts and only repay a single loan amount monthly. You can consolidate your debt from £1,000 up to £50,000 over a period of two to five years at lower rates than your previous debts. The best part is that the money you save on charges and interest can be saved and used to repay the loan even faster. Make the right choice and consolidate today!