Debt Consolidation

Debt Consolidation

Would you benefit from consolidating your debt and only having 1 monthly re-payment to a creditor?

If you answered yes, keep reading because Right Way is here to help…

We have recently launched our brand-new Debt Consolidation Loan where members can apply to borrow up to £15,000. Debt consolidation is a positive way in which you can take back control of your finances and will help ease financial stress. If you feel that your monthly creditor payments may be getting a little out of hand, why not look in to consolidating?

Before you decide to consolidate, you may benefit from using our Budget Planner, which can help you work out how much you are paying to creditors each month overall and if you would benefit from consolidating. 

The Budget Planner can help you plan ahead and prevent monthly overspends, and it is completely free to use.

If you decide that you would like to apply for a Debt Consolidation Loan, you will need to have your creditor information ready as this information is needed when completing the application. 

If the loan is approved, your creditors will be paid directly.

If you are ready to apply, please read the loan terms and conditions and then you can apply online by Clicking Here

Interest Rates

Representative Example

£15,000 over 60 months =390.00 per month.
(Approx Total Interest £8,356)

You can apply for a Debt Consolidation Loan in 2 ways:

  • Online

  • In Person 

Follow this link – Activate Account and apply online via our Mobile App.

Download our app from the links below:

Along with your loan application we require your proof of income. This includes 2 months bank statements which you can provide through open banking by clicking here

Alternatively, you can send copies of your bank statement and other proof of income via email

*Please note that we will be unable to process your loan without proof of income and creditor information. Please email your proof of income to 

In Person

If you wish to apply for this loan in our office you will have to complete a loan application form, please see Loan Application Checklist below for what you will need to bring with you.

Failure to bring the correct documentation for the loan will result in a delay.

We can only accept loan applications that have the correct proof of income.

Terms & Conditions Apply

You must be 18 or over to apply for a loan.


Loan Value – Minimum amount £500.

To view our Loan Policy Click Here

You must NOT be using a debt Management Company or are in the process of being declared bankrupt or entering into a Trust Deed or a Debt Arrangement Scheme as we will not be able to process the loan.

In order to process the loan, members must provide creditor information – this can be completed during the application stage. 

Loan will be paid directly to Creditor(s).

Direct Debit must be set up before loan is allocated, a member of our team will call you to set this up once the loan has been assessed.


Loan applications may be subject to a credit search.


1st Credit Union loan must be cleared in full before you can apply for another loan. 

You cannot have a Personal Loan and a Debt Consolidation Loan, your Personal Loan will need to be cleared before you can apply.  

When you have a loan running your savings are held as security against your loan, this means that no share withdrawals can be processed whilst your loan balance is higher than your savings balance, for more information please send us an email to

For more information and further terms and conditions, please contact the office on 0141 889 7442 or you can send us an email to

If you have received arrears letters on your current loan this may affect any future borrowing. It is your responsibility to ensure your loan is paid up to date. If you are in financial difficulty please contact us on 0141 889 7442.