Refresh your finances

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Financial Health

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Team MONEYME|13 March 2025| 3-minute read

Is it time to refresh your finances?  

If you’re feeling a little out of control, or just want to get ahead, an overhaul could be a good idea – and one tool that could help is debt consolidation.  

It’s a smart move in a range of situations – whether you’re wondering if you could save money on your current debts, or having trouble juggling multiple monthly repayments.  

Here’s how to master your money with debt consolidation. 

Are you paying more than necessary on your debt repayments?  

Taking out a loan or using your credit card can be a great way to achieve a goal, such as organising a wedding, undertaking a course or having a once-in-a-lifetime holiday. 

But, repaying a loan can be expensive, particularly if the interest rate is high.  

The good news is you don’t necessarily have to stick with your current arrangements. Instead, consider shopping around for a better deal on your repayments.  

Debt consolidation could offer the right solution. This involves refinancing your high-interest debt (such as that owed on your credit card or high interest loans) with a new lender – as a personal loan with a lower interest rate.  

By reducing your interest rate, you could pay significantly less over the term of your loan.  

Are you repaying multiple debts and keen to reduce the costs?  

These days, it’s not uncommon to take out multiple debts – from credit cards to buy now pay later (BNPL) accounts. 

But repaying them all can become tricky and expensive. The account fees can add up, as can the late payment fees if you lose track of what you owe and miss a payment or two. 

One way out of the juggle is debt consolidation. This means rolling all your current debts into one and taking them out as a single loan with a new lender. 

You could save money in a variety of ways – by securing a lower interest rate and therefore having lower repayments, and by paying less in fees (because you’d be paying them on just one account, instead of several). 

Are you struggling with juggling multiple monthly repayments?  

The more complex your finances, the more difficult it is to get them under control.  

If you have multiple debts, then you could be struggling with juggling multiple monthly repayments. Hitting all those deadlines on time can be a bit like playing tetris.  

Debt consolidation can help you streamline your repayments, so they’re easier to handle. It replaces multiple debt repayments with just one single monthly repayment.  

What’s more, if you go with a lender that offers flexible repayment plans (such as MONEYME), you might be able to arrange lower monthly repayments to better fit your budget, by extending the loan period.  

Enjoy peace of mind 

Whether you choose debt consolidation to save money, streamline your finances or better manage your budget, it could give you greater peace of mind – and help you stay on track to achieve your goals faster. That dream vacation might not be so far away, after all. 

Want to see how much you could save with a MONEYME debt consolidation loan? Get an obligation-free quote online in minutes without impacting your credit score, and compare it with what you’re currently paying. Or, use our debt calculator for a quick estimate.  

Find out how much you could save with debt consolidation

Estimate what your interest rate and monthly repayments could be with our free debt consolidation calculator.

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