Consolidating unsecured credit line debt

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However, it can help repay several high interest loans at a lower interest rate.

Personal loans typically result from a specific purchase or are un-allocated, such as loans from banks and credit institutions.

An early redemption charge of up to 58 days interest will become applicable if you decide to repay your loan early. Our rates depend on your circumstances and loan amounts and may differ from the Representative APR.

Representative Example: Borrowing £7,500.00 over 5 years at Representative 3.4% APR and interest rate 3.40% p.a.

However, repaying the new loan over a longer period may mean more interest to pay, so a higher overall cost.

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Representative Example: Borrowing £7,500.00 over 5 years at Representative 3.4% APR and interest rate 3.40% p.a. Post Office Limited is a credit broker and not a lender. You must have been a permanent UK resident for 3 years .

(Fixed) will cost £135.93 per month, with a total amount repayable of £8,155.80. Based on a loan amount of £17,500 over 60 months at an interest rate of 3.1% p.a. You must have an annual income of at least £12,000 and have a UK bank or building society account.

Available to existing current account customers only.

Although most of these credit counselling agencies are not-for-profit, they are still likely to charge fees for their services.

Again, due diligence is a must before resorting to counselling services.

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