Which company offers the lowest APR on Debt Consolidation Loans?

Question

For around, £20,000. So far it is First Plus with 6.9% APR Typical, anything lovwer than that?

Thanks

Answer 1

Who do you bank with?

I always found my bank helpful they are the Halifax, I had a consolidation loan of £25k for 5.9 apr but then I am a customer with a clean record.

Your credit rating makes the difference on what is the best rate and due the recent interest rises things are going to change again I would think

Answer 2

6.9% sounds unbelieiable cheap for a Debt Consolidation loan

I assume it is, in fact, a Secured Loan on your house i.e. a Mortgage, so I doubt you wil be able to beat that rate
...
I've heard of despearte people being offered rates of 3% .. but that's 'per month' (i.e. over 36% a year)

Answer 3

I'm just to cross my fingers that you get sorted out.

You'll have to beat their credit scoring before you get the loan...

They may not be too happy to take on a £20k consolidation debt unless it is secured on your property of other assets.