Almost everyone will have at some point either a loan or a purchase on credit whether it's for a holiday, car or a house. In Money Advice we look into savings, loans and the myths of everyday finances.

Consolidation Loans

While they may seem to be the best cure to get rid of those 'finance blues' they can be more hassle and heartache than they are worth.

Get a big loan to pay off credit cards, store cards and car finance etc may sound like the best thing to do but while these small debts were not secured against your property the consolidation may be.

A consolidation loan may be secured against your property or be at a very high rate of interest and so creating a greater money risk.

Welcome Credit Union loans of up to £10,000 are NOT secured against property and so give flexibility and accessibility for all its members. With a competitive annual interest rate of 12.68% (1% per month) Welcome Credit Union is a safe way of fixing those debt problems.

For more information on Loans have a look at the Loans section on this website.

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