Debt Consolidation Loan Broker
ABC Finance offer secured debt consolidation loans with market leading broker fees. Get in touch now and get the best deal with ABC Finance.
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A debt consolidation loan allows you to combine your current debts into a single loan, usually to reduce your monthly repayments or interest costs.
For homeowners, secured debt consolidation loans are the favoured option as they allow you to borrow larger sums, with lower repayments.
In this guide, we break down what we can offer, how much it will cost, whether you’re likely to be approved and how quickly you could receive the funds.
Read on to find out more or enquire now for an approval in principle and a written quote in 1 hour.
ABC Finance is a leading debt consolidation loan broker
At ABC Finance, we’ve been arranging secured loans since the year 2000 and offer 5* service. The average saving for our customers on debt consolidation finance is over £700 per month!
On top of this, we’re market leaders – we’re regular features in the leading industry awards, and we offer a market leading 5.5% broker fee, capped at £2,195 – many competitors charge 12.5%. On a £40,000 loan, our fee is £2,195, whereas our competitors regularly charge £5,000.
If you’re looking for a debt consolidation loan to save money, make sure you save in every area – don’t add unnecessary fees to the loan when you could pay less.
What can we offer?
At ABC Finance, we offer the following:
- We manage the whole application process
- Loans from £5,000 with no maximum loan size
- Debt consolidation loan rates from 5.69%
- Funds in as little as 3 days
- Adverse credit accepted
- A dedicated contact throughout the process
- Whole of market access
- Lending throughout the UK, including England, Wales, Scotland and Northern Ireland
What do debt consolidation loan brokers do?
The job of a debt consolidation loan broker is to offer advice, support and to find the best deal for borrowers who are looking to secure a loan for debt consolidation.
At ABC Finance, our whole business is dedicated to ensuring the best outcomes for our customers. Whether that is the leadership team looking to structure the business efficiently to create savings that can be passed on to borrowers through low broker fees, or advisors searching the market for the best deal.
We work hard across the business, which is why we regularly win awards for our second charge mortgage offering.
Should I get a secured or unsecured debt consolidation loan?
If you’re a homeowner and owe more than £20,000 or have difficulty affording your monthly repayments, a secured debt consolidation homeowner loan will be a better option in most cases.
This is because a secured loan allows you to borrow over longer periods at lower interest rates and therefore with much lower monthly repayments.
Debt consolidation is usually driven by a desire, or necessity, to save money each month and while a personal loan may offer a small saving, our secured lending products save our borrowers an average of £700 per month!
For that reason, secured lending is usually a better option in this situation. To find out how much you could save, why not try out debt consolidation loan calculator.
Do you offer unsecured loans?
No, we do not currently offer unsecured personal loans, instead we focus on secured lending.
The easiest way to compare personal loans is through an online comparison tool.
How much can I borrow?
We offer loans from £5,000 with no maximum loan size.
The amount you can borrow is based on two main factors, loan to value (LTV) and affordability. Here’s how they work:
Loan to value
Loan to value is the ratio of borrowing as a percentage of the value of the property.
We can offer a maximum of 95% loan to value. Loan to value is calculated from the combined value of your mortgage and proposed loan.
Affordability
Affordability is calculated individually based on each lender’s criteria.
Affordability calculations set maximum borrowing figures that can cap your loan.
When deciding your maximum loan, the lender will offer the lower of the affordability calculations, loan to value and the lender’s maximum loan size.
As part of finding the perfect product for you, we calculate affordability, LTV checks and criteria checks on your behalf to ensure that it meets responsible lending rules and will be acceptable to your lender.
Read more – Can I Get A Debt Consolidation Loan Without Collateral or How to consolidate debt with a high debt to income ratio
How much will my loan cost me?
Your loan cost is decided based on the amount you borrow, your loan term and interest rate. The best way to work out your potential monthly repayments is to use a debt consolidation loan calculator.
Ours will give you figures within seconds and doesn’t withhold figures until you input your email address or any other personal information!
The biggest cost is the cost of interest. Debt consolidation loan rates start from 5.69%, with fixed rate products coming in slightly higher.
Enquire online or call us on 01922 620008 now and we will give you a free, personalised quote with the exact cost that you’ll pay should you take a loan.
How quickly can I get the money?
At ABC Finance, we can arrange secured loans for debt consolidation in as little as 3 days.
On average, applications take anything from 5 days to 2 weeks to complete.
At ABC Finance, we understand that the process of applying for finance to consolidate debts can be stressful, so we manage the whole application process for you and focus on completing your application as quickly as possible.
Keep reading – Does Consolidating Debt Affect Buying A Home? Or Can I Remortgage To Pay Off Debt?
Will I qualify?
If you own your own home, have sufficient equity and can meet lender affordability rules, there is a great chance that you’ll qualify.
As a whole of market brokerage, at ABC Finance, we work with lenders across the market. This means that if there’s a suitable product out there for you, we’ll be able to find it.
This reduces your risk of having your application declined, which can add significant stress and delay your consolidation, keeping you under pressure for longer.
To find out what a debt consolidation loan broker does, read out guide.
How do I get started?
To get started, fill in our form, or call us on 01922 620008 and we’ll handle everything for you.
We look to understand your needs, find the perfect product for you and act quickly. So when you work with ABC Finance, you’ll know exactly where you stand within an hour of making your enquiry.
Get in touch now and get the best deal with ABC Finance.
