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The hidden costs of changing loans

A lower rate can be cancelled out by the costs of leaving old debts and setting up a new loan. Before consolidating, collect every fee on both sides of the change. Small omissions can turn a modest saving into a more expensive refinance.
Aug 27, 2026
 in 
Debt consolidation

Interest rate vs comparison rate on a consolidation loan

The advertised interest rate tells you how interest is charged on a loan. The comparison rate combines that rate with certain fees using a standard loan example. Both are useful, however neither replaces a calculation using the amount and term you are actually considering.
Aug 27, 2026
 in 
Debt consolidation

“I decided to wait”: how Andres used WeMoney to compare without rushing

Andres explored consolidating one loan and two credit cards, then decided the available rate was not enough of an improvement to justify moving.
Aug 25, 2026
 in 
Debt consolidation

Credit card balance transfer declined: what can you do next?

A declined application does not tell you that every other provider will make the same decision. It does tell you to pause, find out what happened and avoid turning one enquiry into several.
Aug 23, 2026
 in 
Debt consolidation

0% balance transfer or low-rate credit card: which could cost less?

A 0% balance transfer and an ongoing low-rate credit card can both reduce the rate you're paying on an expensive credit card balance. They handle interest differently. A balance transfer gives you a set promotional period, while a low-rate credit card charges interest from the start without a promotional expiry.
Aug 19, 2026
 in 
Debt consolidation

The debt-consolidation term trap

A consolidation loan can reduce the amount leaving your account each week or month and still cost more overall. The usual reason is the term. Spreading the same balance across more years means each repayment can be smaller, however interest may be charged for longer.
Aug 17, 2026
 in 
Debt consolidation
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