Frequently asked questions

A consolidation loan lets you roll multiple debts into one simple monthly payment. You can use it to pay off existing credit like credit cards, overdrafts, or other loans and then just repay your GWCU loan.

With a GWCU consolidation loan, you can:

• Pay off existing debts
• Simplify your repayments
• Potentially lower your interest and fees

It could be a good fit if you:

• Have several debts and want to bring them together
• Are looking to reduce your monthly payments
• Want to manage your money better and improve your credit score

Want to learn more? Read our blog Could debt consolidation help you cope with the cost of living? or check out this guide from Money Saving Expert