Does Debt Consolidation Actually Work?
Consolidation can simplify payments, but it can increase the total cost and put your home at risk if the new loan is secured.
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Loans Warehouse is a credit broker, not a lender. You can enquire about options based on your circumstances. Approval and terms depend on lender checks; an enquiry is not a guaranteed offer.
Compare the interest rate, fees, monthly payments and total amount repayable. A longer repayment term can increase the overall cost. Consolidating unsecured debts into a secured loan puts your home at risk.
MoneyNerd introduces enquiries to Loans Warehouse and may receive a referral fee. Broker and lender fees may apply and should be explained before you proceed.
Your home may be repossessed if you do not keep up repayments on a loan secured against it.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
Use the enquiry form to contact Loans Warehouse, a credit broker, not a lender. Approval and available terms depend on checks. An enquiry is not an offer or a recommendation to borrow. Compare interest, all fees, the repayment term and the total amount repayable. A lower monthly payment or rate does not guarantee a saving, and a longer term may cost more overall.