Debt Consolidation Loan. How You Could Reduce Your Monthly Payments

If you have more than one loan, or credit cards and store cards, you might be worried about having to manage the various payment dates. In addition, there could be interest rates attached to each one too.  By consolidating them into one payment, a debt consolidation loan, you could potentially reduce the amount and the number of monthly repayments you are making.

Ways Debt Consolidation Could Help

Managing finances can sometimes be tough. Maybe you are concerned what would happen if you were to overlook a loan payment by mistake. It doesn’t have to get to the point where it’s overwhelming.

If you are managing multiple loan repayments, a debt consolidation loan might be a choice that could really help.

A debt consolidation loan gives you the opportunity to bring together your existing payments into perhaps a single monthly payment and with it one single interest rate. You might find that making a repayment on one date each month is much easier to manage your money.

Manage Your Payments with a Debt Consolidation Loan

Debt consolidation is a potentially useful way to manage your debt by taking out a single loan that pays off your existing debtors.

For example, many people use debt consolidation loans to pay off existing high-interest loans, such as credit cards or car finance and you may be eligible for a consolidation loan even if you have a poor credit history.

A debt consolidation loan can be a great way to put some or all of your existing loans into one easier-to-manage place with a responsible lender. By consolidating existing debt into one loan, you might then only have to make a single monthly payment to one lender.

Taking out a debt consolidation loan could reduce your monthly repayments into one single payment. In some circumstances, you might be repaying the loan over a longer period.

You will not need to use your house, or other asset as security, because a debt consolidation loan with TFS Loans is a trust-based agreement, where a guarantor supports your application. They will need to agree to meet the payments in the event you cannot.

Our guarantor loans offer you the opportunity to make a single monthly repayment, backed up by a trusted supporter who agrees to help should you run into difficulties. It is a trust-based loan, or unsecured loan, because your guarantor agrees to meet the repayments if your circumstances change.

Choosing TFS Loans

If you think a debt consolidation loan could be a good solution for you then you should get in touch with us at TFS Loans.

By taking out a debt consolidation loan, not only could you reduce your monthly payments into one manageable solution.

Choosing a new loan might mean your repayments are made for longer than your existing loans.

To start there is a straightforward application process that can be started either online or by giving us a call on 0203 476 4170.

We are also rated 4.7 stars out of 5 on Feefo thanks to the level of service we provide to our customers. Feefo is an independent review compiler, which receives reviews directly from our customers based on their experience of our service.

See what some of our customers think:

Friendly, informed staff

“Clear process and prompt arranged calls when needed.”

Quick and Easy

“Very quick and easy to use. Would highly recommend. No stress everything is done by the company”

Brilliant Service

“Great service, very efficient. Quick at getting back to you. Would recommend”

Award Winning Customer Service

It’s not just our customers who say good things. We are respected in the industry and the customer service team at TFS Loans have won Feefo’s highest accolade for the last three years running:

• Feefo Platinum Service Award 2020
• Feefo Gold Trusted Service Award 2020
• Feefo Gold Trusted Service Award 2019
• Feefo Gold Trusted Service Award 2018

TFS Loans as a company have also been recognised in the industry as a leading guarantor loans company, gaining the following awards in recent years:

• Best Guarantor Loans Provider in UK – Business Excellence Awards
• Specialist Lending Provider of the Year – Global Awards
• Best Guarantor Loan Provider, UK – Wealth and Finance Award

TFS Loans – Our Guarantees

With TFS Loans, you will not be charged any upfront fees. If you change your mind about your debt consolidation loan, you are free to cancel the application within 14 days.

And regardless of any changes in national interest rates, your monthly payments will always remain the same.

Start Your TFS Debt Consolidation Loan Application Today

Our loans range from £2,000 to £15,000 depending on status and payment terms can be from 2 to 5 years, whichever suits you the best.

You can apply online or by calling us on 0203 476 4170.

1. Complete the Form

Start your application with our simple 60 second online form.

Or you can call us on 0203 476 4170

2. Find a Guarantor

Speak to your chosen guarantor and then we will contact them to confirm their details. They can also call us if they want us to talk them through our application process.

3. Leave the rest to us

If approved, we’ll take some more details and process your application as quickly as possible.

Get in Touch with TFS Loans

If you have any questions, why not visit our FAQ pages? Alternatively, if you want to speak to one of our friendly team give us a call on 0203 476 4170.

You can start your debt consolidation loan application in just 60 seconds online and start the process to consolidate your existing payments today.