Debt consolidation loans have become a very valuable tool for many people who are looking to improve the state of their financial affairs.

British consumers have been turning to personal loans to consolidate debt and take the strain off grocery bills.

Too many people are put off debt consolidation due to misunderstandings or misinformation.

A low interest loan is a good way to reduce multiple debts and lower outgoings, an expert has suggested.

On 15 February, the average Briton will have repaid the interest accrued on their debts in 2010.

People who gave their personal word as collateral for unsecured personal loans will be chased up, the Northern Bank has said.

Research has revealed that 35 per cent of loans taken out in the first three months of this year will be for debt consolidation.

This is the magic figure which triggers concern over debt, according to a new survey.

A new report says that high street lenders and credit card providers are likely to become increasingly picky over the next few years.

Building society Nationwide cut the interest rates on its unsecured personal loans for existing current account customers last week– making its rates for the loans one of the lowest on the market.