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What is an LCU Debt Consolidation loan?

  • Easier to manage

    This loan can be used to transfer one loan, or consolidate multiple loans so you make one regular payment.

  • Affordable

    If you have taken out a loan and are now struggling with repayments that are high interest – including Credit Cards, Overdraft, Store Cards or Personal Loans.

  • Less stress

    Makes your debts easier to manage. Potentially lower interest, reducing monthly repayment amounts. No set up fees and no early repayment penalties.

Case Study

A debt consolidation loan saved Amy hundreds of pounds.

She took out a loan when she was struggling, and was faced with expensive repayments. By getting a debt consolidation loan, she transferred her debt and saved herself £200 a month.

Amy said that:“… Fortunately I am back on track again now, and wish to thank the Credit Union so much for this.”

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If you’re worried about paying back money you’ve borrowed, check out our Dealing with Debt page for information on where you can find free, expert debt advice.

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