Your First Defence against debt
If you have multiple loans, credit cards and overdrafts, we can help you save on your monthly repayments with our Debt Consolidation loan.
We repay the lenders you’ve borrowed from directly
You can borrow up to £25,000, from as little as 7.9% APR, to quickly pay off your existing debts and lower your interest rate into one easy monthly payment.
Our Consolidation loans are very simple and payments are debited straight from your wages, check how much you could save today by using our calculator.
Did you know?
It would take you 21 years and 7 months to repay a balance of £1,500 on a credit card with a typical interest rate of 17.9% if you were only to make the minimum payment every month?
The faster you repay the balance, the less interest you will pay.
Debt Consolidation Calculator
Please be aware that this is not a loan offer and the figures quoted in this document are based on our lowest rate which may differ from the actual APR you qualify for after we have conducted a credit search. As a result, this should only be used as an indicative illustration.
Representative rate 12.7% APR.
The calculator is for illustration purposes only. Rates may be withdrawn at any time. We reserve the right to refuse any application.
Here’s what our members say
What if I have poor credit rating?
There are always going to be circumstances where we can not help, but our experience tells us that most of us do not have as bad credit as we may think. It is always worth asking to see if we can help, but it is good to know some of the reasons when we might not be able to assist:
- If you have any active CCJs.
- If you have more than one missed payments or default on your account.
- If you are bankrupt or currently in an active IVA.
- If you are in a debt management plan.
First Defence Finance will do their utmost to help where we can, but we do have to ensure we lend our members money responsibly meaning there may be occasions we are unable to lend.
*Terms and Conditions apply.
Available via payroll deduction only.
Proof of debt required.
Any debt will be paid directly to the third party by First Defence Finance.
The rate we will offer you is based on your loan requirements and individual circumstances.