Put very simply, debt consolidation involves taking out a loan with which to pay off all your other debts. So, in effect, you replace mutliple regular payments with just one. Seems easy, yes? Perhaps debt consolidation is the best solution for your current situation but it is vital that you take many things into account before going ahead.

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There are several ways to consolidate your current debts however the main two are either debt consolidation re-mortgages or to take out a secured loan which will pay off all your current debts such as credit cards, store cards and hire purchase agreements.
Currently a typical re-mortgage for people with poor credit ratings is approximately 8.5% [...]

If you live in Scotland and are struggling with debt, try not to panic, there is always a solution to your problems, and facing up to your money problems is the first step in reaching that solution.
The first step in bringing your finances under control is to make a list of all your debts. The [...]

Payment protection insurance, also referred to as PPI, Accident, Sickness and Unemployment cover (ASU), Account cover, or Payment cover, is a form of insurance that covers the cost of monthly repayments on debt such as mortgages, loans, credit cards, storecards, and catalogues if you are unable to work due to illness or accident, or if [...]