What is Debt Consolidation?

The process of combining multiple debts into a single, more manageable loan.

When might someone want to do this?

If you are struggling to meet repayments on existing loans.

How would you calculate how much they would have to pay?

By looking at someones income and taking away the monthly cost of their essential items (rent, council tax, food etc) - we can work out someones disposable income. By law this is the maximum that a creditor can ask for, and hence we split this between the creditors - making sure you never have to pay more than you can afford.