Debt consolidation made simple. One lower payment.
Replace multiple high-interest debts with one lower monthly payment. We compare thousands of plans across the specialist market, with up to 50% lower broker fees. Your adviser handles everything.
Paying too much every month?
You're not alone. It's one of the most common reasons people come to us. A secured loan brings all your debts together into one lower payment, giving you breathing room and a clear path forward.
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.
From four monthly payments to one
Paying less each month can mean paying more overall if you borrow for longer.
Some customers cut their monthly repayments by up to three-quarters by bringing debts together.
A single, predictable monthly payment instead of juggling several different ones.
Plans compared across specialist lenders, including options for less-than-perfect credit.
See what my payment could look like with our consolidation calculator.
See what my payment could look like with our consolidation calculator.
Slide to match your numbers. A friendly estimate, with no impact on your credit score.
Three steps to clear debt.
From first check to lower payments, your adviser handles the rest.
Up to 50% lower broker fees.
No upfront fees, and every cost is shown before you decide anything.
Get my free quoteThe smarter way to consolidate.
The lowest costs
“Their fees were among the lowest I found, and they really did care about getting the right product.”
5-star personal service
“They explained everything clearly. First-class service from start to finish.”
Fast and simple
“They helped us through every step and made the whole process enjoyable.”
Real stories from people like you.
7,000+ five-star group reviews on Reviews.co.uk & Trustpilot.
“Scott was determined to help me to reduce my outgoings and showed great perserverance. The rate of interest obtained has reduced my monthly outgoings to below half of what they were. This will make a big difference. Thank you Scott.”
This company saved my husband and me over £700 a month by consolidating our debts. A big shout out to Marcia and Robert, who handled the whole process in 3 weeks.
Excellent service from Lauren and Nick, sorting out a second-charge consolidation loan and clearing my previous debt. Easy to work with and very clear, despite some complexities and poor credit.
Jo and David were excellent from start to finish helping us with a second-charge mortgage. Communication has been excellent and we couldn't be happier. I would definitely recommend and use again.
Great service and communication throughout from Lauren. All our debts were consolidated and paid direct to the lenders, with enough left over to complete home improvements.
We were dealt with professionally, with discretion and without judgment. Such a difference knowing we can move forward with manageable monthly repayments.
Thank you for helping me get a much better deal, and a little extra to clear my credit card. I've saved £250 a month and I'm very grateful. James and Lucy, you were fab.
Common questions about debt consolidation.
Is debt consolidation a good idea?
It depends on your situation. Consolidation makes sense when your new secured rate is lower than your current debts combined, when the lower monthly payment gives you genuine financial breathing room, and when the total cost over the term is manageable. Your adviser at Loan.co.uk will run through the full numbers with you before recommending anything.
Will consolidating affect my credit score?
Checking your options with Albot uses a soft search, so it won’t appear on your credit file and isn’t visible to other lenders. If you proceed with a full application, a hard search will be run by the lender at that stage. Paying off existing credit card and loan balances can actually improve your credit score over time by reducing your overall debt level.
Can I consolidate with a less-than-perfect credit history?
Yes. Because the loan is secured against your property, lenders can often consider applications with missed payments, defaults, CCJs, or a thin credit file. Rates may be higher than for applicants with clean credit, but options are often available where unsecured lenders would decline.
How much could I save by consolidating?
It varies by the debts you hold and the rate you qualify for. Customers with significant credit card and personal loan balances commonly save £200–£700 per month by consolidating into a secured loan. The best way to see your personal saving is to check with Albot. It takes 90 seconds and won’t affect your credit score.
Does consolidating mean I pay more overall?
It’s possible if you extend the term significantly. Spreading debt over a longer period reduces monthly payments but can increase the total interest paid over the full term. Your adviser will show you both the monthly saving and the total cost so you can make an informed decision. Think carefully before securing other debts against your home.
What happens if I can’t keep up repayments?
Your home may be repossessed if you do not keep up repayments on your mortgage. If you experience financial difficulty, contact your lender as early as possible. They are required by FCA rules to treat you fairly and consider any reasonable request for help. Only borrow what you can comfortably afford to repay.
Representative example, debt consolidation second charge mortgages
If you borrow £25,000 over 10 years to consolidate existing debts, initially on a fixed rate for 5 years at 7.4% and for the remaining 5 years on the lender's standard variable rate of 7.9%, you would make 60 monthly payments of £346.21 and 60 monthly payments of £353.65. The total amount of credit is £26,477 (including a lender fee of £595 and a broker fee of £882). The total amount repayable would be £41,991. The overall cost for comparison is 10.12% APRC representative. This means 51% or more of customers receive this rate or better for this type of product.
Secured loan terms: minimum 36 months to maximum 360 months (3 to 30 years). Maximum APRC charged 29%. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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 debt secured on it.
Consolidating unsecured debts into a secured loan may reduce your monthly payments but could increase the total amount you repay over the full term. Albot is an introducer and technology platform, not a lender and not a broker. Applications may be passed to Loan.co.uk Ltd, which acts as a credit broker, not a lender. Rates are subject to status, affordability and lender criteria.