A debt consolidation loan will add up all your debts and pay these off with just one loan product known as a debt consolidation loan. It is an essential step if you’re planning to apply for a mortgage. It is one of the best things you can do is to consolidate your debts. Having multiple debts to juggle puts you at risk of forgetting payments (and getting charged a penalty) and creates additional stress. Whether they are credit cards, car finance or store cards, consolidating debts into one loan is a great option, reducing multiple repayments to just one and reducing interest charges so that you pay your debts off faster! Contact Loan Market Paramount today to talk about your plans and work out a debt consolidation strategy that will get your debts paid off fast. So, you can get your finances back on track.