Simplify with Debt Consolidation
Combine multiple debts into one monthly payment to simplify your finances and potentially lower interest.
Compare Debt Consolidation optionsReady to compare Debt Consolidation?
Run a full market comparison before you commit. It takes about five minutes and there's no obligation to apply.
About debt consolidation
Consolidation replaces several high-interest debts with one single loan.
This often results in a lower monthly payment, though the term may be longer.
What affects debt consolidation
- Loan interest rate
- Current APRs
- Credit score
- Loan term
Why compare Debt Consolidation with us
One Payment
Simplified monthly tracking.
Lower APR
Pay less interest overall.
Consolidation Example
Before vs After.
| Status | Total Payment | Avg Rate |
|---|---|---|
| Before | £450/mo | 18% |
| After | £320/mo | 9% |
Loan Types
Common consolidation routes.
| Type | Requirement |
|---|---|
| Unsecured Loan | Good credit |
| Homeowner Loan | Property equity |
Expert advice
UK consumer finance is strictly regulated to protect you. Always check for FCA authorisation.
“Consolidation only works if you stop using the credit cards you've just cleared.”
Debt Consolidation: pros and cons
Pros
- Lower monthly cost
- Single due date
- Can improve credit score over time
Cons
- Total interest may rise
- Risk to assets (if secured)
- Fees for early repayment
Choosing Debt Consolidation
Compare the total cost over the full term, not just the lower monthly payment.
- 1
Compare total cost
Look at the full term, not just monthly.
- 2
Avoid more debt
Close old credit lines.
Compare Debt Consolidation
See what's available for your business today. It takes just minutes.
Steps for Debt Consolidation
Most consolidation loans are approved within a few working days.
1. Check rates
Find a cheaper loan.
2. Pay off cards
Clear the high-interest balances.
Important considerations
Don't run up new debt on cleared cards.
Check for arrangement fees.
Our Debt Consolidation guide
We compare consolidation loan rates against your existing debts so you can see the real saving, not just a lower headline payment.
We'll also flag when consolidation isn't worth it — for example if the new term more than doubles your total interest.
How to apply for a consolidation loan
1
Add up existing debts
Total balance and current interest rate on each.
2
Compare consolidation rates
Check the APR and full-term cost against what you're paying now.
3
Apply and clear balances
Once approved, use the funds to pay off and close the old accounts.
Why choose Grow Your Business?
Wide choice of providers
We compare a broad range of UK providers so you can find the option that actually fits how your business operates.
Exclusive offers
We work hard to bring you exclusive deals, switching incentives and cashback where they're available.
Simple and fast
It takes just a few minutes to compare with us — and the deal you find could be well below what you pay today.
Types of Debt Consolidation
Different options for different needs.
Compare total cost
Look at the full term, not just monthly.
Avoid more debt
Close old credit lines.
Providers we compare
Logos are for identification only. Check individual provider terms for full details.
Nationwide
ZopaComparing with us is a no-brainer
“I consolidated £10k and saved £80 a month.”
Claire, London
Debt Consolidation guides
Debt Consolidation FAQs
Is it better than a DMP?
Only if you can get a low interest rate.
Can I consolidate with bad credit?
Yes, but rates will be higher.
Written by the Grow Your Business editorial team · Updated 26 July 2026