Skip to main content
Apply Now

3 ways debt consolidation can benefit new parents | Debt Consolidation Loans

3 ways debt consolidation can benefit new parents

If you are expecting a baby for the first time, congratulations! This will no doubt be a very exciting time for you.

It can also, however, also be a very nerve-wracking and worrying time for new parents, especially for new parents in debt. If you find yourself in this situation, a joint debt consolidation loan may help. Below we look at the top 3 ways debt consolidation loans can benefit new parents.

1. Budgeting

There is no doubt about it children and babies are expensive. From paying for clothing and nursery furniture to new car seats and pre and postnatal classes, you’ll find that a new baby drains your savings quite significantly. Debt consolidation loans combine all your existing debts and loans into one convenient loan. This allows you to make one singular monthly debt repayment, instead of multiple repayments, and ensures you can create a practical budget and effectively plan ahead for your baby’s arrival.

2. Credit score

Once your new family member has arrived you may find that you need a larger home to accommodate all of the baby’s belongings and may begin looking to buy your first house or a larger property. Having multiple debts can harm your credit score, and make it difficult for you to secure a mortgage. A debt consolidation loan can help you to quickly improve your credit score, as it ensures you never miss or forget about debt repayments, as everything has been consolidated into one loan.

3. Partner support

Debt consolidation loans are available for married couples who would like to combine their debt together. This is ideal for new parents who want to support their partner and become a debt-free household as quickly as possible. By combining debts with your partner, you will both benefit from simplified debt repayments and be able to pay off your debt at a faster rate.

Contact Debt Consolidation Loans

To learn more about how first-time parents could benefit from debt consolidation loans, do not hesitate to contact Debt Consolidation Loans. We can explain consolidation loans in detail for you and help you get your new family on-track to be debt-free. For more information, get in touch today.

 

If you’re a homeowner and business owner, get in touch with the experts at Debt Consolidation Loans today for more information about how a debt consolidation loan can benefit you.

If you think a Debt Consolidation Loan is right for you, get in touch or call on 0333 577 5626 to improve your financial situation with one easy monthly repayment.

We offer Debt Consolidation Loans for homeowners.

Our team is on hand to help with number of questions you may have.

If you are struggling with debt, please visit Money Advice Service for help and advice.

We are a broker, not a lender.

Visitors also read:

Debt Consolidation Loan for Home RenovationsDebt Consolidation LoansDebt Consolidation Loan for Home Renovations
April 27, 2020

Debt Consolidation Loan for Home Renovations

Debt Consolidation Loan for Home Renovations Whether you have recently bought a property, you plan to renovate or finally have permission to complete renovations you have been planning for a…
Banking Revolution With Apps | Debt Consolidation LoansGuidesBanking Revolution With Apps
September 23, 2015

Banking Revolution With Apps

Banking revolution with Apps Imagine a bank which you can’t visit or speak to on the phone or access via your usual internet browser. Such is Atom - a new…
Secured debt consolidation loans explained | Debt Consolidation LoansDebt Consolidation LoansSecured debt consolidation loans explained
December 5, 2019

Secured debt consolidation loans explained

Secured Debt Consolidation Loans Explained  It’s worth taking time to work out how to get on top of debt as quickly as possible, once you feel it’s becoming unmanageable. Considering…
What to Do if You're Furloughed and in Debt  | Debt Consolidation LoansDebt ConsolidationWhat to Do if You’re Furloughed and in Debt 
June 15, 2020

What to Do if You’re Furloughed and in Debt 

furloughed and in debt Furloughed and in debt COVID-19 has had long-lasting, negative effects on the UK economy and many businesses have either had to fire or furlough their employees.…
Coronavirus Debt | Debt Consolidation LoansDebt SolutionsCoronavirus Debt
April 2, 2020

Coronavirus Debt

With COVID-19 Coronavirus affecting everyone's lives, you might find that your financial situation isn't quite as secure as it was. Perhaps you felt that you were managing your loan and…
Man and woman worried about debts and thinking about a debt management planDebt ConsolidationIs a Debt Consolidation Loan Right for Me?
September 1, 2020

Is a Debt Consolidation Loan Right for Me?

Lots of us experience debt at some point in our lives. In fact, over half of UK adults went into 2020 with personal debt, a number which is sure to…

Leave a Reply

three × four =

Close Menu