People looking for debt consolidation loans as a way out of their financial arrears are being faced with more expensive products according to MoneyFacts.
The group say that personal loans have quietly snuck up in terms of interest, as the mortgage market has been center stage for the last few months.
The MoneyFacts website found that half of providers increased the interest rates on their loans since the turn of the year, meaning debt consolidation is a less attractive option for most consumers.