Article 11 October 2022

Could debt consolidation help you take control?

What would you do with a financial saving of £15,000? That was one question a Salary Finance customer was faced with recently. With £13,000 of debt across two loans, it would have cost them £32,000 to pay back traditional lenders, like banks, at their existing loan interest rates. They turned to Salary Finance and applied for a debt consolidation loan. Once approved, they took out a loan that will see them paying just under £17,000 in total over three years – two years quicker than their other loan – saving themselves a whopping £15,000. This is just one of many stories Salary Finance hears from their customers.  

Many of us have debts in all different forms, ranging from credit cards, overdrafts, personal loans, payday loans – maybe you’ve even racked up a bit of debt on Buy Now Pay Later platforms. Debt consolidation is one option that could help you to bring all of your debts into one place, with one single repayment.  

Salary Finance have created this blog and guide to help you figure out if your debt may be costing you more than you realise. With Salary Finance, you have access to a range of financial benefits. They offer loans with more affordable rates, deducted directly from your salary, which means higher rates of acceptance, even if your credit history isn’t perfect.  

To find out if a Salary Finance loan could help you consolidate your debt and put some money back in your pocket, or to access any of their other salary-linked solutions, visit: mitie.salaryfinance.com. 

For more information:

Throughout the month of October, we will be sharing information from Salary Finance including these tips and tools, as well as webinars and videos.

To find out more about Salary Finance and the financial support available to you, visit: mitie.salaryfinance.com or visit the Mitie People [Salary Finance] page.

What do you know about Salary Finance. Take this short survey here. 

Important: The “Advance” product is not a regulated lending product. This is an option, not a recommendation. Mitie does not benefit from offering this service and all your communications will be with Salary Finance. Loan applications will be assessed to ensure the loan is appropriate and affordable for you. “Learn” content is for guidance and educational purposes only and is generic in nature. Salary Finance does not offer regulated financial advice. Please seek independent financial advice.