Welcome to VeryMerryLoans.com, we can help you borrow £100 - £2,000 from 3 - 12 months.

Loans for 3 - 12 months.

Short, simple and fast application process.

Decisions in minutes.

How much you need today?

When can you repay this loan?

1 Months

Borrowing: £1000

Representitive APR: 277.6%

Repayment By: 5.1.2016

Interest: £58.68


Total Repayment: £1058.68

Apply Now Apply Now
Minimum Loan Length is 3 months. Maximum Loan Length is 12 months. Borrow £850 Over 11 Months. Monthly Repayment £146.30. Total Amount Repayable Of £1,609.25. Interest: £759.25. Interest Rate: 150% Pa (Fixed). 277.6% APR Representative. We are a free licensed credit broker, not a lender.

Debt Consolidation


Debt consolidation is a great way to combine some or all of your debts into one affordable, easy to manage monthly repayment. By doing so, there's a great chance that you'll actually be able to reduce the amount you're currently paying each month, as well as taking away the hassle that comes with trying to stay on top of the multitude of payments leaving your bank account.

Take a look below at some of the most frequently asked questions regarding debt consolidation and find out how Very Merry Loans can help you to better manage your debts.

What Happens To The Debts I'm Consolidating?

Your new debt consolidation loan is used to pay off all of the existing debts that you wish to bring together. Any loan accounts will be closed, whilst any credit card or overdraft limits will still be available to you unless you instruct the providers to remove them.

Do I Have To Consolidate All Of My Debts?

No. You have complete control over which debts you'd like to consolidate, giving you the freedom to keep some debts separate if you'd find it more convenient.

Do I Need To Provide Security For A Debt Consolidation Loan?

No. Debt consolidation loans are available on both a secured and unsecured basis, meaning that you'll be able to choose whether you'd like to use your home or other assets of value as collateral.

What Are The Advantages Of A Secured Debt Consolidation Loan?

By using your property or other assets as security, you'll significantly reduce the risk of non-repayment to the lender. This can help to significantly improve your chances of being accepted or a loan, as well as attracting more favourable interest rates. However, you do need to be aware that failing to repay a secured debt consolidation loan could put these collateral assets at risk.

Is There A Limit To The Number Of Debts I Can Consolidate?

No, however you'll need to make sure that your new debt consolidation lender is able to offer you enough credit to bring together all of your outstanding debts.

Is A Debt Consolidation Loan The Same As Having A Debt Management Plan?

Absolutely not. A debt consolidation loan is a responsible, sensible way to ensure that all of your outstanding debts are paid off whilst opening up the possibility of securing a more competitive monthly repayment. A debt management plan is a debt solution that involves handing over the management of your balances to a third party who you pay, and they distribute this money evenly to debtors on your behalf.

How Can I Save Money Through Debt Consolidation?

Interest rates are constantly changing and so by merging all of your debts together, you may find that you're eligible for a more favourable rate than when you took out your original loan. Also, by choosing to consolidate debt, you'll have the opportunity to choose a longer repayment term which can help to drive down your monthly costs.

Will I Be Able To Take Additional Loans Out In The Future?

Yes. Just because you've consolidated your existing debt into one loan doesn't mean that you can't apply for more credit as and when you need it. As long as any new loans you apply for are affordable and you meet the eligibility criteria, a debt consolidation loan won't stop you from being accepted.

I Have A Poor Credit History. Can I Still Get A Debt Consolidation Loan?

Yes! At Very Merry Loans, we work with a wide range of debt consolidation experts who specialise in helping those with a less than perfect credit history. Many people who have struggled with credit in the past have often found it difficult to keep on top of multiple repayments, and so a debt consolidation loan can help you to avoid this common pitfall and improve your credit score over time by tying everything into one convenient monthly repayments.

How Are My Repayments Calculated?

As with any other type of personal loan, your repayments are calculated based on the amount of debt you're consolidating, the length of the repayment period, plus interest and any applicable fees. These will be thoroughly and transparently explained in your credit agreement which will be sent to you prior to the loan taking effect.

How Long Does It Take To Consolidate Debt?

Depending on the number of debts that you're looking to consolidate, the whole process can take as little as 24 hours. Funds will be transferred directly to your account and you'll then need to contact your existing lenders to arrange for the full and final settlement of these debts.

What Happens If I Can't Repay My Debt Consolidation Loan?

As with any form of credit, you'll need to ensure that you meet your repayments so as not to adversely affect your credit score or receive late repayment charges. If for any reason you find that you're unable to meet your repayment schedule then simply contact your debt consolidation lender right away and explain your situation.

They'll do everything in their power to assist you whilst free debt advice services such as StepChange, Debt Advice Foundation and Christians Against Poverty can help you on your way.

What's The Easiest Way To Apply For Debt Consolidation Loans?

Using an online brokerage such as Very Merry Loans will help you to quickly and easily discover lenders who can not only provide the funds you need, but offer a great chance of acceptance.

Very Merry Example

Loan Amount: £500
Loan Term: 3 months
Interest: £202.40
Total Repayable: £702.40 Apply

Representative APR: 305.9%. (variable)
Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk.