Debt Consolidation
One of the most popular uses for a loan is Debt Consolidation. If you have a number of debts with different lenders you can save money, and make your finances more manageable, by combining your debt into one loan with one single monthly repayment.
Unlike most loan companies we can offer loans to both homeowners and tenants.
Debt Consolidation Example
Mr B. from Manchester had debts totalling £9370, for which he had to pay £338.60 in monthly repayments.
| Debt Type | Amount Owed | Monthly repayments |
| Bank Loan | £4500 | £108.24 |
| Store Card | £250 | £12.50 |
| Car Loan | £3000 | £140.02 |
| Furniture | £500 | £21.84 |
| Credit Card | £1120 | £56.00 |
| TOTAL | £9370 | £338.60 |
ADM Loans arranged a debt consolidation loan of £10,000 payable over 10 years. At 10.9% APR, his monthly repayments were reduced to £134.53, saving £204.07 a month - and he had over £600 cash left over to put towards a family holiday.
How much can I borrow?
Loans of up to £500,000 are available, and we can offer debt consolidation loans to people with all credit circumstances, including CCJ's, defaults and arrears.
Note: Debt Consolidation may increase total costs in the long term
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