Debt Consolidation Loan

Consolidating debts with a fixed-term loan can simplify your repayments and reduce your monthly outgoings.

How to apply

All Loans are subject to our Lending Policy and Terms & Conditions.

Debt Consolidation

Rates from 8.9% APR

Tired of juggling multiple debts like credit cards, loans, or overdrafts? We understand everyone's financial situation is different. That's why we offer a range of consolidation loan options. Simply choose the one that fits you best.

How it works

Quick and easy



Work out how much you want to borrow

List the credit balances that you want to consolidate.



Apply for your loan

Our online application is quick and easy to complete.



Our loan offer

Sign the agreement online. Loans are subject to affordability and credit checks.



Direct creditor payment

In most cases, we repay creditors directly.

John's Financial Turnaround: Reduced Debt, Increased Savings

Burdened by a £6,500 debt at high interest, John turned to Boom Community Bank. Our straightforward consolidation loan cut his payments from £672 to £248, reducing his monthly outgoings by 63%. Within three years, he became debt-free and accumulated savings of £1,800, all through careful planning with Boom.

Supporting Financial Wellbeing

In the last year, we've proudly granted over £1 million in Debt Consolidation Loans, helping 286 customers streamline their finances!

Apply now

Debt Consolidation

Combine your debts

Credit Cards

Credit Cards

High-Interest Loans

High-Interest Loans

Store Cards

Store Cards

Lines Of Credit

Lines Of Credit



Buy Now Pay Later

Buy Now Pay Later

Debt Consolidation

Transform your finances

Boost Cash Flow: Slash Debt Payments and Lower Expenses.

Seize Savings: Lower Interest Rates for Reduced Borrowing Costs.

Accelerate Debt-Free Living: Repay Your Debts Faster.

Streamline Finances: Combine Debts into One Manageable Loan.

Escape Credit Card Cycles: Eliminate Minimum Repayments Now.

Freedom to Overpay: No Interest Penalties, Charges, or Fees.

Direct Repayment: We Settle Your Existing Creditors for You.

Double Win: Build Savings As You Repay Your Loan

You may pay more interest overall - you may pay a higher interest rate or make repayments over a longer period. For free and impartial help, visit Debt Consolidation Loans | MoneyHelper

Want to learn more about debt consolidation?

A debt consolidation loan can be a smart decision in the right situation. Learn more about the benefits and things to watch out for to make an informed decision.

Find out more

Frequently asked questions

How can I use a Consolidation Loan?

You can use a debt consolidation loan to pay off some or all your existing debts. For example, if you have credit card debt, personal loan debt, an overdraft or owe money on a store card, you could take out a debt consolidation loan to pay these off.

Do I have to become a member before I apply?

Just go ahead and apply; you don’t need to join first. We’ll register your free membership along the way.

How quickly can I get a loan?

We aim to respond within one working day. It may take a little longer if we need additional information, in which case we will contact you.

How much will I save money by consolidating?

If you have multiple loans, credit cards, or frequently use your overdraft, a consolidation loan could simplify your finances and even lead to savings. Our options may be more beneficial than you think. Apply today to see what we can do for you.

Can I speak with you before I apply?

We’re here to help, and there are several ways you can reach us. Visit our Contact Centre for all the details.

What is Open Banking?

We may need to look over your bank statements to complete a full assessment of your loan application. The quickest and easiest way to submit your bank statements is through Open Banking via our trusted partner, Open Banking gives us secure read-only access to view your account statements.

With this information, we will:

  • Verify your income
  • Carry out an affordable credit assessment
  • Be able to make a responsible lending decision is registered with and regulated by the Financial Conduct Authority to act as an Account Information Service Provider.