What's Left, step 4 of 7: When will my debts be paid off?
Debt consolidation calculator
See whether combining your debts into one loan would save you money or just spread the cost.
Consolidating cuts your payments by
£169.22
a month and saves £195.46 in interest.
Side by side
| Item | Keep paying | Consolidate |
|---|---|---|
| Monthly payment | £400.00 | £230.78 |
| Time to clear | 22 months | 36 months |
| Total interest | £1,003.44 | £807.98 |
| Interest saved by consolidating | £195.46 |
This is an estimate, not advice. If you are struggling with debt, free help is available from StepChange, Citizens Advice and MoneyHelper.
If money's tight, free help is available
It's confidential, it costs nothing and getting advice won't affect your credit score. These services help people every day with bills, borrowing and debts of any size:
- MoneyHelper backed by the government, with a free debt advice locator
- Citizens Advice online, by phone or in person near you
- StepChange debt charity, online advice any time
- National Debtline free phone and webchat advice
When consolidation helps
A consolidation loan helps most when its rate is lower than your current debts and you keep the term short.
A longer loan lowers the monthly payment but usually costs more interest overall.
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These results are an estimate, not financial advice. They use the 2026/27 rates in force on 24 October 2026 and the inputs shown, so your actual tax, pay or costs may differ. Before making a decision about your money, check the figures with HMRC or your provider, or speak to a regulated financial adviser. Free, impartial guidance is available from MoneyHelper.
This page explains the rules using the 2026/27 rates in force on 24 October 2026. It is general information, not financial advice. For decisions about your own money, speak to a regulated financial adviser, or get free, impartial guidance from MoneyHelper.