Base rate rise will lead to more consolidation loans

Help with debt consolidation loans could be in yet more demand in the UK as the base rate seems set to rise yet again.

Despite having already risen four times in the last year, experts predict that it will be increased to 5.75 per cent from its current rate of 5.5 per cent.

As a result of the increased cost of borrowing, Brits will need consolidation loans to help organise their debt and repayments.