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Hello. I need a debt consolidation loan for £12,500 to pay off credit cards. Is this something Pegasus Personal Finance offer and do you think this is a good idea, or will I end up in more debt?

Hi, thanks for your question regarding debt consolidation loans. Taking out one loan to pay off your credit cards is often a sensible solution and can end up saving you money in the long term. I can understand your concerns about this, as it’s a sensitive subject, but that’s why we’re here to help.

With Pegasus Personal Finance, you can borrow between £5,000 and £50,000 – so we should be able to secure £12,500 to help you get a better financial footing. If you’d like to speak to someone about your options, you can give us a call on 0800 066 2882 – or, if you’re ready, apply online today.

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