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Debt consolidation

A debt consolidation loan can be a simple, effective way to simplify your existing borrowing and save money in the process.
Can you get more than one loan at a time?

Depending on your financial circumstances, it might make sense to apply for several loans simultaneously. But is doing so a good idea? Here, we look at whether you can get more than one loan at a time and offer some insight into whether your applications are likely to be successful.  So, can you get more […]

Can you get debt consolidation loans with bad credit?

Applying for a debt consolidation loan can be an important step toward improving your financial health. Provided you’ve done your research; a debt consolidation loan can save you money and hassle when it comes to your monthly debt repayments. But are debt consolidation loans available to borrowers with bad credit? Let’s find out.  What is […]

Debt consolidationSeptember, 30, 2022
Debt consolidation loans for borrowers with low credit scores

Used properly, a debt consolidation loan can be an effective way to take control of your finances, paying off your debts faster and saving money in the process. They’re less complicated than they seem – and in this article, we’ll cover: How debt consolidation loans work, When to use one (and when they should be […]

Debt consolidationOctober, 19, 2021
Debt consolidation vs. personal loans

Personal loans and debt consolidation loans are easy to mix up – this straightforward guide explains all you need to know.

Debt consolidationLoansAugust, 17, 2021
Should I take out a loan to pay off credit card debt

Credit cards can be useful tools: they allow you to make a purchase “on credit”, repaying the balance at a later date. But you may have heard people ask whether it’s a good idea to take out a loan to pay off credit card debt. Why? With a credit card, if you repay your balance […]

Debt consolidationJuly, 13, 2021
How do debt consolidation loans work?

Done correctly, a debt consolidation loan is a cost-effective tool you can use to help you pay off your debts faster and more cheaply. Koyo uses Open Banking technology, so that we can base our lending decisions on your real financial situation – rather than what someone else says about you. Find out more at […]

Debt consolidationLoansJanuary, 5, 2021
Does a personal loan affect your credit score?

A personal loan is one of the simplest ways to borrow money. It’s also a relatively cheap form of credit, and the best personal loan providers allow you to repay early, so it can be flexible too. But, like any form of credit, it has an impact on your credit score. That doesn’t mean you […]

Debt consolidationLoansDecember, 22, 2020
Does a debt consolidation loan hurt your credit score?

If you’re considering how to consolidate credit card debt, you may be wondering if your credit score might take a hit in the process. The brief answer is that any new loan – whether that’s for consolidating debt or extending your kitchen – is likely to affect your credit score. However, in the long term, […]

Debt consolidationDecember, 15, 2020
The best ways to consolidate credit card debt

If you owe money to multiple lenders or credit card providers, debt consolidation is a way of paying off all those loans together and turning them into one monthly payment. Koyo uses Open Banking technology, so that we can base our lending decisions on your real financial situation – rather than what someone else says […]

Debt consolidationLoansNovember, 24, 2020
How to get a debt consolidation loan

Is a debt consolidation loan right for me? If you have multiple forms of debt – such as personal loans, credit cards and store cards – and want to pay them all off, an easy way to do this is a debt consolidation loan. You take out a new loan, ideally at a lower interest […]

Debt consolidationLoansNovember, 4, 2020