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Debt Consolidation Loan Calculator
Understanding the numbers makes all the difference to knowing what debt solution will work best for you. Our debt calculators will only give approximate numbers and one of our friendly debt consultants will be able to give you more accurate figures.
Understanding the numbers
A debt consolidation loan is a loan where a borrower consolidates debt into a larger, single loan to make managing debt repayments easier and hopefully, cheaper! Debt consolidation and debt consolidation loans are in fact two different things. A debt consolidation company looks to collect money from you and then pay your creditors. A debt consolidation loan is where you take on a new loan agreement and pay off your creditors with those funds - and you pay your new creditor back according to the new agreement.
This debt consolidation loan calculator does not include any arrangement fee. Loan arrangement fees can vary significantly and are generally linked to your credit score. The higher the risk of non-repayment from a borrower, the higher the fee most likely.
For a personalized debt relief or debt consolidation loan quote you can click here and one of our team will arrange a time to discuss your situation. All initial consultations are free and unlike most companies out there, we can help with both tax debts and unsecured debts.
