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Consolidate debt ideas

Getting a debt consolidation loan may seem like a good idea to save your money and credit score at the time you can no longer cope with your debts. However, it is important to consider this option carefully and analyse all potential implications of this sort of financial move.

The basic thing to do is to add up all your debts and check out your current interest rate. You can then shop around for some debt consolidation loans that will offer you better rates. You need to take into account the fact that you may not qualify for all types of loans, as this depends on your income and credit score. Here are some websites you can check when you decide to consolidate your debt.

Totally Money (totallymoney.com) is a website where you can compare the latest debt consolidations loans available on the market. You can get a quick quote by entering the the amount of money you want to borrow. You will get result from major providers that offer loan consolidation offers, including Halifax, Santander, Alliance Leicester, Nationwide, Barclays and Sainsbury’s Finance. You can choose to have your details passes to a financial specialist who will offer you personalised advice.

Debt consolidation is also available at moneysolvedebtmanagement.co.uk. On this website, you can take a 60 seconds debt test that will guide you through your options. You can also read a lot of information related to debt consolidation and its possible benefits for your current financial situation. There is a forum on the website, where you can chat with people who are in the same situation as you.

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