Debt Consolidation Frequently Asked Questions

  • No advisor, broker or lender fees
  • Direct lender
  • Free no obligation home valuation done by computer, not in-person visit
  • 7.94% capped rate, the rate will go down as the Bank of England Base Rate goes down, but will never be higher than 7.95%
  • No early repayment charges
  • Portable loan ready for if you need to move house
  • Ideal to repay other debts, including credit cards, personal loans, high-rate car finance, store cards and other debts
  • A decision in principle based on a soft credit search
  • Broad tolerance of previous credit problems
  • One penalty-free payment holiday per year – 2 weeks’ notice required
  • No valuation penalty for flats and other leasehold property titles
  • No upper age limit
  • Fast completions often in as little as two weeks

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Explore Homeowner Debt Consolidation Loans

Managing multiple debts can be a challenging experience. Our Homeowner Debt Consolidation Loans are designed to provide you with relief by combining all your existing debts into a single loan with a fixed rate. This simplifies your payments and reduces the financial burden. With no lender fees and a capped rate, you can enjoy peace of mind knowing your financial obligations are both manageable and predictable.

Bad Credit Secured Loans Online at 7.73%

Don’t let a poor credit score stop you from achieving your financial goals. Our Bad Credit Secured Loans Online offer a competitive 7.73% rate, designed to provide you with the financial support you need without the burden of high costs. These loans are ideal for homeowners seeking to leverage their property’s equity to improve their financial situation, offering fixed rates to ensure stability throughout the loan term.

Poor Credit Homeowner Loans – Instant Decision at 7.73%

If you’re looking for a swift response, our Poor Credit Homeowner Loans provide an instant decision with just as quick processing. These loans come with a high loan-to-value ratio, and we even offer free home valuation, making it easier than ever to secure funding. Whether it’s a mortgage, remortgage, 2nd charge, or 2nd mortgage, we’re here to help you make the right financial decision with ease and confidence.

Securing the Best Interest Rates from Direct Lenders at 7.73%

It’s vital to secure the best possible interest rates on your loans, and our direct lending services offer just that. At a steady 7.73%, our rates are competitive and designed to give you the financial leeway you need. Financial guru Martin Lewis and institutions like Barclays Bank, Lloyds Bank, HSBC Bank, Nationwide Bank, NatWest Bank, and the Royal Bank of Scotland suggest shopping around for direct rates; we’re proud to offer some of the most attractive terms in the market.

Why Choose Us?

Choosing the right lender is crucial, and our services are tailored to meet the needs of UK homeowners. With comprehensive loan options, rapid processing times, and dedicated customer support, we ensure that your financial recovery is smooth and stress-free. Whether you’re consolidating debt, securing funds against your home, or seeking the best rates in the market, we’re here to support you every step of the way.

Here are the questions that consumers frequently ask Jubilee Debt Management professionals regarding debt consolidation.

We have provided the answers to them to increase your knowledge about the topic. Read this information carefully, and if you still have questions about debt consolidation, contact us. We would be happy to answer them.

What does debt consolidation involve?

Debt consolidation is a way to repay existing unsecured debts using a remortgage or a loan that is large enough to repay all these debts in full.

Why would people want to consolidate their debts?

People choose to consolidate their debts for several reasons. Reducing monthly debt payments through consolidation can increase disposable income, making it easier to afford the current lifestyle. Debt consolidation can also simplify household finances. People with multiple debts often find it difficult to stay on top of financial matters.

This can lead to late or missed payments, which may result in additional charges, increased interest rates, declining credit scores, and legal issues.

How does debt consolidation decrease monthly debt payments?

Debt consolidation lowers monthly payments for debts in two ways. It allows an individual to extend the repayment period for debt. Since the debt will be repaid over a longer time, each debt payment will be less. Keep in mind that owing money for a longer period means that interest must be paid for a longer time, which could result in paying more money over the long term.

The second way that debt consolidation decreases monthly debt payments is by lowering interest rates for debts. Unsecured debts like credit cards and store cards usually carry a high rate of interest. By using a consolidation loan that has a lower interest rate, an individual may reduce monthly payments, based on how quickly the consolidation loan will be repaid.

If I am not a homeowner, can I still use debt consolidation?

Yes. People who do not own property or who do not want to borrow against their property may qualify for an unsecured debt consolidation loan. This loan usually has a higher interest rate than a secured loan, making it difficult to find one with an excellent interest rate. However, extending the debt repayment period may still reduce monthly payments.

Are there any negative aspects of debt consolidation?

Yes, there are some drawbacks to using debt consolidation. This approach may end up costing more due to the interest that accrues during the extended repayment period. In addition, when debt consolidation is used for debt management, an individual may incur new debts as existing debts are being repaid.

People who are unsure whether they are financially responsible or wealthy enough to handle this situation should carefully consider debt consolidation before making a decision to pursue it.

How does a debt consolidation mortgage differ from a debt consolidation loan?

A debt consolidation mortgage is a new mortgage large enough to pay off both the existing mortgage and all unsecured debts. When a debt consolidation mortgage is used, the individual makes only one monthly payment, which represents the mortgage payment.

An unsecured or secured debt consolidation loan is large enough to repay unsecured debts. The loan proceeds are used to repay the original debts and the individual begins making monthly payments toward the loan. Rent or mortgage payments are not affected by a debt consolidation loan and must continue to be made.

What Our Customers Say About Jubilee Loans

Debt Consolidation with a Secured Loan

Frankie Walton from Preston: “When I applied for a secured loan with Jubilee to consolidate my debts, I was looking for a transparent, effective solution. The results exceeded my expectations. Consolidating my debts has significantly reduced my monthly payments and simplified my finances. For those looking for reliable service, I suggest checking Trustpilot, where Jubilee’s positive reviews are well-documented.”

Homeowner Loan for Credit Card and Personal Debt

Harrison Yates from York: “Obtaining a low rate homeowner loan from Jubilee to clear my credit card and personal loan debt was a strategic move. The application process was straightforward, and the terms were highly favorable. I appreciate the detailed approach Jubilee took, ensuring I understood every aspect of the loan. Their excellent service is reflected on Google Reviews.”

Poor Credit Secured Loan Experience

Robyn Hayward from Westminster: “As someone with poor credit, I wasn’t sure if I could secure a loan to manage my debts. Jubilee offered me a poor credit secured loan that fit my situation perfectly. The process was quick, and the customer service was empathetic and detailed. For more insights, showcases similar success stories.”

Consolidation of High-Interest Debts

Isabelle Dickinson from Chester: “I reached out to Jubilee for a bad credit secured loan to consolidate my high-interest debts, including credit cards and car finance. The improvement in my monthly outgoings has been remarkable. Their understanding of my financial difficulties made the process less stressful. I highly recommend reading their customer testimonials on Trustpilot to get a sense of their reliability and support.”

Secured Loan for Medical Debt

Sonny Jackson from Carlisle: “Facing a significant medical debt, I secured a loan through Jubilee despite having bad credit. The terms were manageable, and the support from Jubilee was exceptional, allowing me to focus on what truly matters—my health. Their commitment to helping customers in tough situations is evident on Google Reviews.”