Debt Consolidation

Take the Stress Out of Debt with Credit Consolidation

The end of 2020 and the start of 2021 will hopefully herald a brighter new beginning and the slow emergence from the terrible problems which blighted so many lives during the past 12 months. Alongside the obvious health problems caused by a global pandemic, people in every community have had to deal with the economic impact of closures and restrictions, generating debt issues among people who have perhaps never faced them before. That’s why we believe many more CLEVR Money members might appreciate the chance to take advantage of the help we can offer through credit consolidation

Credit consolidation is a method of simplifying the debts you have to deal with, and making it easier to stay on top of repayments. We know from our experience of working with our members that the biggest issue when it comes to handling debts isn’t always the actual amount of the debt, but rather the hassle of making different payments to multiple lenders all at different times of the month, which can cause confusion and sometimes lead to missed payments.

That’s the biggest problem that credit consolidation could help you to deal with. It can be tricky to keep track of which amount has to be paid to which specific lender on which certain day. Before you know it you’ve missed a payment and are having to deal with fines, charges, a blot on your credit rating, and other stressful headaches. 

Credit consolidation solves this problem by bringing your debts together in one place. Rather than having to juggle five or six different repayment plans to credit cards, store cards, savings clubs, car payments, payday loans, high street lenders and more, a CLEVR Money member will be making just the one straightforward payment to us.

This fresh loan will be based on our fair interest rates and gives members peace of mind of knowing that there are no hidden charges or fees attached. 

The amount we lend for credit consolidation will be enough to cover and pay off those existing debts. We treat each of our members as an individual and never lend them any more than we think they can reasonably afford to pay back. 

Because we’re an ethical lender we operate on a not-for-profit basis, which means we can keep our interest rates as fair as possible. It also means that our credit consolidation loans come with no small print or hidden charges, and once you’ve taken out the loan you’ll know exactly what you’ll have to pay back. This applies to the monthly or weekly repayments, the interest you’ll be charged and the full amount you’ll actually have to pay back.  

Once you’ve given us the information we need to make a decision, we’ll process your credit consolidation loan application as quickly as possible. Applications can also be made online and if the credit consolidation loan is approved we’ll transfer the money. As soon as this happens you’ll be in the position of being able to clear your existing debts safe in the knowledge that you’ll be paying a fair rate of interest in the future and dealing with a repayment plan that’s easy stay on top of.If you’re concerned about the debt you have to deal with at the beginning of 2021 then this is the perfect time to become a member of CLEVER Money Credit Union and take advantage of our credit consolidation services.

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