Debt can add up quickly. Sometimes before you know it, you may find yourself owing money to a number of different people or providers. A debt consolidation loan is a single loan taken out to pay off other loans that you may have, from credit cards, car finance and other consumer costs.
Rapid Loans can help you find a solution for multiple debts. A debt consolidation loan with Rapid Loans can put all of your payoffs in one simple place, with competitive rates and flexible terms and conditions.
The way it works, is that you add up all your varied debts and get an online loan, specialised in debt consolidation and use that loan to pay off all the money that you currently owe.
Before applying for a debt consolidation loan, make sure that you have accurately calculated the amount you need to pay off all of your outstanding debts. You generally won’t be able to borrow more that the originally agreed upon amount.
Rapid Loans can help you find the best debt consolidation loan to suit your personal circumstances, and structure payments in a way that gives you confidence and peace of mind. When you work with Rapid Loans to consolidate your debts, you can rest assured that you are taking back control of your finances in the best way you can afford.
By using a debt consolidation loan, you only have one payment to make a week or fortnight or month instead of numerous payments. Taking out an online personal loan to consolidate multiple debts into one total amount can provide borrowers with the advantage of fixed payments, over a fixed period of time and the confidence that the overall debt will be paid off when the loan finishes.
Debt consolidation loans with Rapid Loans also provide the following benefits:
Check out our personal loan calculator to see just how easy a debt consolidation loan with Rapid Loans can be.