Debt Consolidation Loan
Helping members manage multiple debts
Get your finances back on track with our simple Debt Consolidation Loan. Apply for anything between £2000-£20,000 and we will take care of the rest. Once an agreement has been made, your loan will be paid directly to the creditors. You must then close each account paid by 1st Class Credit Union, failure to do so could result in the refusal of future loans.
When applying for a Debt Consolidation Loan with us, we will require some additional paperwork to support your application such as; settlement figures, credit card statements or statements of the account you wish to pay if the company is unable to provide settlement figures.
Just some of the benefits of borrowing from 1st Class CU
One affordable weekly/monthly repayment
An interest rate of 16.1% APR
Save money on interest with our loan
Try out our quick and easy loan calculator below
Maximum Loan Term :
This calculator is for illustrative purposes only, to give you, the borrower, an overview of the potential cost of borrowing. The Credit Union, or any of its staff, cannot be held responsible for any errors. Please note that this calculator only provides an indicative quote and actual repayments may vary.
What we may need from you
- Most recent payslips
- Three month’s worth of bank statements/Open Banking Acceptance
- Up-to-date Credit Card statements
- Settlement Figure for any loan accounts
- Overdraft statements
Please note we do not accept screenshots. All proof of debt must show the following:
- Your name
- Name of the company
- Outstanding balance and the repayment date must be in the future
- The current APR as well as the current repayment amount.
Failure to provide this will result in your application being delayed