You should get free debt advice before taking out a debt consolidation loan.
A better option might be a 0% or low-interest balance transfer card.
By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.
student loan is subject to completion of a loan application/consumer credit agreement, verification of application information, credit qualification, and a benefit to borrower determination.
Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you.
Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.
New cards only, credit criteria & conditions apply.If you’ve got lots of different debts and you’re struggling to keep up with repayments, you can merge them together into one loan to lower your monthly payments.You borrow enough money to pay off all your current debts and owe money to just one lender.For example, what if interest rates go up, or you fall ill or lose your job?If you can’t stop spending on credit cards, for example because you’re using them to pay household bills, this is a sign of problem debt.This is the cheapest way if you repay within the interest-free or low-interest period.