Debt Consolidation

Juggling multiple debts — credit cards, loans, car finance — can be stressful and expensive. Consolidating them into a single, lower monthly payment could simplify your finances and reduce what you pay each month. We connect you with specialist advisers who can assess your situation and find the right solution. The introduction is free.

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One payment. Potentially lower interest. Less stress.

Onemonthly payment instead of several — simpler to manage and easier to budget around
Lower ratepotentially available by securing debt against your property or switching to a personal loan
Whole marketaccess — advisers who compare options across lenders, not just a panel
Free introto a specialist debt consolidation adviser — at no cost to you

Debt consolidation means combining multiple debts into a single loan or payment — ideally at a lower interest rate than you are currently paying across all your existing debts. Done correctly, it can reduce your monthly outgoings, simplify your finances, and give you a clear path to becoming debt-free. But it is not right for everyone, and the right approach depends on your individual circumstances. That is why getting proper advice matters.

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Protect Your Income While You Clear Your Debts

If you cannot work due to illness or injury, your debt repayments do not stop. Income protection insurance replaces your income if you are off sick — keeping your consolidation plan on track and your family financially stable. We arrange this alongside your debt consolidation, at no extra cost to introduce.

Find out about income protection

How debt consolidation can work

Secured consolidation loan

A loan secured against your property — typically offering a lower interest rate than unsecured debt. Your home is at risk if you do not keep up repayments, so this option requires careful consideration.

Remortgage to consolidate

Adding your debts to your mortgage can significantly reduce your monthly payments — but spreads the debt over a longer term, which may mean paying more overall. An adviser will model both scenarios.

Personal consolidation loan

An unsecured loan used to pay off multiple debts — leaving you with one fixed monthly payment. No property is at risk, but rates depend on your credit profile.

Balance transfer

Moving credit card balances to a 0% interest card can reduce the cost of short-term debt — but requires discipline to clear the balance before the promotional period ends.

Debt management plan

A structured repayment plan negotiated with creditors — typically used where affordability is a concern. An adviser will assess whether this or a consolidation loan is more appropriate.

Further advance on mortgage

Borrowing additional funds from your existing mortgage lender to clear other debts. Rates are often lower than unsecured borrowing, but your home remains at risk.

Things to consider before consolidating

Debt consolidation can be a powerful tool — but it is not always the right answer. A specialist adviser will assess your full situation before making any recommendation. Here are the key considerations.

Total cost over timeA lower monthly payment can mean a longer repayment term — and more interest paid overall. An adviser will show you the full picture, not just the monthly saving.
Secured vs unsecuredSecuring debt against your home reduces your interest rate but puts your property at risk. This trade-off needs careful consideration.
Early repayment chargesSome existing loans or credit agreements carry early repayment penalties. An adviser will factor these into the overall cost before recommending consolidation.
Credit profile impactApplying for new credit affects your credit score. An adviser will assess your eligibility before any application is made, reducing the risk of unnecessary declines.
Addressing the root causeConsolidation clears existing debt — but if spending habits do not change, new debt can accumulate alongside the consolidation loan. An adviser will discuss this honestly.
Free debt adviceIf your debt situation is serious, free, impartial advice is available from organisations such as StepChange, National Debtline, and Citizens Advice. An adviser will signpost you if appropriate.

How to get connected to a debt consolidation adviser

1

Get in touch

Tell us about your situation — the types of debt you have, the rough amounts, and what you are hoping to achieve. No forms, no pressure.

2

We make the introduction

We introduce you to a specialist adviser we know and trust. The introduction is warm — they will know your situation before they call.

3

The adviser assesses your options

The adviser contacts you directly, reviews your full financial picture, and identifies the most suitable consolidation solution for your circumstances.

4

You decide — in your own time

There is no pressure to proceed. The adviser will present your options clearly and let you make the right decision for your finances.

Get Your Free Debt Consolidation Introduction

Debt consolidation questions answered

What is debt consolidation?
Debt consolidation means combining multiple debts — such as credit cards, personal loans, and car finance — into a single loan or payment, ideally at a lower interest rate. It can simplify your finances and reduce your monthly outgoings, but the right approach depends on your individual circumstances and the types of debt you have.
Is it better to consolidate debt into my mortgage?
Adding debt to your mortgage can significantly reduce your monthly payments because mortgage rates are typically much lower than credit card or personal loan rates. However, you are spreading the debt over a much longer term, which can mean paying more interest overall — and your home is at risk if you cannot keep up repayments. An adviser will model both scenarios so you can make an informed decision.
Will debt consolidation affect my credit score?
Applying for a new loan or remortgage will leave a mark on your credit file. However, successfully consolidating and repaying debt can improve your credit score over time. An adviser will assess your eligibility before any application is made, reducing the risk of unnecessary credit searches.
What if I have bad credit?
Adverse credit does not automatically rule out debt consolidation. Some lenders specialise in lending to people with impaired credit histories. An adviser will assess your options honestly and identify which lenders are most likely to consider your application.
Where can I get free debt advice?
If your debt situation is serious, free and impartial advice is available from StepChange (0800 138 1111), National Debtline (0808 808 4000), and Citizens Advice. These organisations can help you understand all your options, including debt management plans and insolvency solutions, without any commercial interest.
Is the introduction really free?
Yes — we make the introduction at no cost to you. The adviser may charge a fee for their work; they will make their charging structure clear before providing any advice or recommendation.

Explore our related services

MortgagesRemortgaging to consolidate debt — we can introduce you to a whole-of-market mortgage adviser. Income ProtectionProtects your income if you cannot work — keeping your debt repayments on track. Life InsurancePays a lump sum to your family if you die — clearing debts and protecting those you leave behind. Mortgage ProtectionEnsures your mortgage is cleared if you die — so your family keeps the home.
Written by Ben Tomlin — Financial Adviser, That’s Family Finance (a trading style of RB Ame Ltd).
Qualifications: Level 4 Diploma in Financial Advice · Level 3 Certificate in Mortgages & Protection · Level 3 Certificate in Equity Release.
FCA Individual Reference Number: BXT01420 · Last reviewed: August 2026.
Important information: That’s Family Finance is a trading style of RB Ame Ltd, authorised and regulated by the Financial Conduct Authority (FCA No. 1038034). Our FCA permissions cover protection insurance only. We do not provide debt advice or mortgage advice. Where we introduce clients to debt consolidation or mortgage advisers, those introductions are to separately FCA-authorised firms who provide advice in their own right and under their own regulatory permissions. 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 other loan secured on it. If you are struggling with debt, free and impartial advice is available from StepChange, National Debtline, and Citizens Advice.