There are certain times of the year when personal finances become more significant, and the months leading up to Christmas are probably one of the trickiest. Although the day itself might be a few months in the future, the actual spending patterns see people start shopping much earlier. And that spending is often accompanied by stress over building up yet more debt.
We understand how difficult it can be to finance Christmas spending, particularly if you’ve got a large family or a lot of friends, and how the stress of juggling funds can be intensified by worries over existing debt. That’s why we offer consolidated credit to our members.
Consolidated credit is a form of lending which makes things simpler and more affordable. We know that our members may access credit from different places from time to time, and we also understand how difficult it can be to juggle repayments to two or more lenders. If a payment is forgotten or the payment due dates mixed up it can be all too easy to slip behind and find yourself facing penalty charges and issues with your credit rating.
Consolidated credit stops problems of this kind from arising and spiralling out of control by pulling multiple existing debts into one single payment. The added advantage of accessing consolidated credit from CLEVR Money is that you know you’re borrowing from an ethical lender.
Being an ethical lender means running on a not-for-profit basis, and that means that we can keep our interest rates as affordable as possible. When a member takes out consolidated credit with us they can instantly clear multiple other debts, and start dealing with just the one regular repayment.
Being an ethical lender also means acting in a completely transparent manner, so members taking out consolidated credit with us know exactly how much they will be repaying in full, and how much of that is made up of interest charges. They also know that we would never lend them more than they can afford to repay and that their consolidated credit will come without any hidden fees or extra charges buried in the small print of the contract.
Once a member has given us the information we need to make a decision we’ll process their application for consolidated credit as quickly as possible. If the consolidated credit is approved we’ll transfer the money into your bank account, putting you in the position of being able to clear multiple debts, safe in the knowledge that you’re now only dealing with a single ethical lender.
Taking out consolidated credit with CLEVR Money will put you in the position of being able to plan Christmas without the stress of dealing with multiple lenders, interest rates and repayment plans. Instead, you’ll know exactly how much you’ve got coming in and out of the family finances and will be able to start shopping around for those treats and indulgences that help to make Christmas so special.
*Representative example. Borrowing £10,000 over 60 months requires repayments of £208.12pcm. Total amount repayable £12,487.20 including interest at 9.5% Representative APR, Annual interest rate (fixed) 9.1%. The figures given above are for illustrative purposes only. The actual interest rates and repayment amounts may vary subject to loan amount and status.