This depends on the size of your loan and how long you take it out for. The higher your monthly payment, the sooner you can pay off your loan.
This completely depends on your present financial circumstances: your income, your total debt, and the amount you can afford to pay each month.
The rate is variable and depends on your circumstances, including your credit score and the amount you need to borrow.
You will need to work out a monthly budget, including all of your essential expenses such as food, rent, clothes and travel. If you have enough money left over to comfortably repay the Debt Consolidation loan each month, then it may be a good choice for you. Please seek independent advice if you are unsure.
Find out more about:
Debt Management Plans
Individual Voluntary Arrangements (IVA)
Bankruptcy
Further Debt Help and Advice