High interest rates on credit cards, existing loans and overdrafts can make it harder for you to reduce your debt.

Consolidating outstanding balances into a low rate personal loan could save up to £387 in interest payments. Once the loan is agreed, the interest rate is fixed for the loan term.

How long will it take to compare and switch? 15 minutes

What do I need to hand to get the best result? Your most recent bill

Thanks to uSwitch.com for advice. Visit uSwitch.com today to see what you can save.

Credit crunch tips are provided in goodfaith by uSwitch.com. Prices, quotes, and possible savings are based upon uSwitch.com’s research. thetechangel.com is not responsible for third party sites, software or programs.

Tags: Credit Crunch, Fix