Consolidation Expert is a UK-based debt consolidation loan broker that assists individuals in managing their debts by consolidating them into a single, more manageable monthly payment. They cater to a broad spectrum of credit scores, offering loan amounts from £5,000 to £75,000, which means that even those with less-than-ideal credit histories can consider applying. Their initial online application involves only a soft credit check, which does not impact the applicant's credit score. The application process is designed to be simple and entirely online. Approved funds are transferred directly to the borrower's bank account, which can then be used to settle existing debts, consolidating multiple payments into one. Debt types eligible for consolidation include personal loans, store cards, credit cards, payday loans, overdrafts, and utility arrears. The site also offers resources for individuals seeking help with bad credit and debt consolidation. Regulated by the Financial Conduct Authority (FCA), Consolidation Expert is a trading name of Springhill Finance Ltd. They provide a cautionary note that using loans to pay off existing borrowing could extend the terms and increase the total amount repaid. They also stress the importance of considering the risks associated with securing other debts against one's home. For additional support, Consolidation Expert offers FAQs, resources on debt consolidation, and legal information such as terms and conditions, privacy policy, and how to file complaints. For those interested in learning more about managing bad credit or the specifics of debt consolidation loans, their website provides articles and resources that can be accessed for further reading.
