Consolidating credit card debt into
We never take a fee from customers for this broking service.Instead we are usually paid a fee by the lenders – though the size of that payment doesn’t affect how we show products to customers.Other cards on the market simply offer a standard low interest rate for the life of the credit card.
Get the facts before you consolidate or work with a settlement company.
There are lots of different loans to choose from if you are looking to consolidate debts, so always to plenty of research before applying for one to make sure you secure the best possible deal.
Moneysupermarket is a credit broker – this means we’ll show you products offered by lenders.
If the minimum monthly repayment amount is as low as 2% of the card balance, the interest can often exceed the amount owed.
This means that simply making the minimum repayments will never be enough to pay off the credit card debt in full.
You are only restructuring your debt, not eliminating it.