Debt consolidation loans
What is a debt consolidation loan?
A debt consolidation loan lets you combine multiple debts (like credit cards, overdrafts, or other loans) into a single loan.
Instead of managing several payments, you make one monthly repayment. Depending on the terms, this can make your finances easier to manage and, in some cases, reduce the overall cost of your debt.
Debt consolidation loans at ClearScore
As well as other financial products available in the Offers section, ClearScore may show you debt consolidation loan options if you’re eligible. These are provided by our lending partners, and you’ll be able to check your eligibility before applying.
What happens after approval?
If your loan is approved:
What is a debt consolidation loan?
A debt consolidation loan lets you combine multiple debts (like credit cards, overdrafts, or other loans) into a single loan.
Instead of managing several payments, you make one monthly repayment. Depending on the terms, this can make your finances easier to manage and, in some cases, reduce the overall cost of your debt.
Debt consolidation loans at ClearScore
As well as other financial products available in the Offers section, ClearScore may show you debt consolidation loan options if you’re eligible. These are provided by our lending partners, and you’ll be able to check your eligibility before applying.
What happens after approval?
If your loan is approved:
- Funds may be used to repay your existing debts
- You may receive updates about how your loan is being used
- It can take some time for payments and updates to be reflected
Emails about your loan
You may receive emails related to your loan or application. If you’re unsure whether an email is genuine:
- Check the sender carefully
- Avoid sharing personal information if anything seems unusual
- Contact support before taking action
If you’ve been told that money was paid
If you’ve been informed that money has been paid:
- Check any communication you’ve received
- Allow time for processing
- Contact us at debtconsolidationsupport@clearscore.com
Improving eligibility
To improve your chances of being eligible for Clearer and debt consolidation products:
- Make sure your credit report is up to date
- Check that your information is accurate
- Raise a dispute if something looks incorrect
A balance transfer means moving money you owe on one credit card to another credit card. The new card usually lets you pay no interest, or very low interest, for about a year.
You can choose how much money you want to pay back each month, as long as you pay at least the smallest amount the card company asks for.