With the base rate hike from the Bank of England combined with all of the debt still left over from Christmas, debt consolidation loans are being forwarded as a possible solution.
It's predicted that more people will fall into deeper amounts of debt with higher mortgage repayments combined with other household expenses.
Many experts are saying that rolling all of these bills into one payment might benefit many with lower interest rates available. However, caution is still advised before entering into any kind of agreement.