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debt consolidation

what is debt consolidation and how can it help me?

your questions

What is debt consolidation?
How could a debt consolidation loan from FIRSTPLUS help me?
How do I apply for my debt consolidation loan?

what is debt consolidation?

Debt consolidation allows you to simplify the way you pay back your debts. A debt consolidation loan can be used to transfer your existing credit - such as credit cards and store cards - into one loan with just one manageable monthly repayment. Use our loan calculator to see how much your monthly repayments could be?

A debt consolidation loan doesn't mean you end up with less debt - but it could mean you are paying less interest or spreading your costs over a longer term, therefore making them more affordable.

However, if you borrow money over a longer term to make your repayments more affordable, it could mean you pay more interest overall.

Apply now for your debt consolidation loan. Typical 8.5% APR variable.

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how could a debt consolidation loan from FIRSTPLUS help me?

A debt consolidation loan can be helpful if you're currently finding it difficult to manage credit repayments to more than one lender. Also, if you can only afford to pay the minimum payment off your credit and store cards each month, you will be paying off mostly interest rather than actually paying off your debt. What’s more, each lender will be charging their own rate of interest and this could be considerably higher than the debt consolidation loan rate we are able to offer - Typical 8.5% APR variable.

With a debt consolidation loan from FIRSTPLUS you could:

  • Reduce your monthly repayments because you are paying one lower rate of interest for all of your credit repayments. You can also arrange a debt consolidation loan term to suit you, which will ensure your monthly repayment is manageable
  • Pay off your debts, not just the interest. Your debt consolidation loan means you can start paying off your debts rather than just making your minimum monthly interest payments

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how do I apply for my debt consolidation loan?

You can apply now online or use our loan calculator to work out the debt consolidation loan that FIRSTPLUS may be able to offer you. If you'd prefer to speak to one of our experienced advisors about debt consolidation, call 0800 052 0202* - and they'll be happy to discuss your needs.

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