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Debt Consolidation

If you’re eligible for a Monzo loan you could use the money to repay your existing debts. This could be a more affordable option depending on your circumstances. But remember that when consolidating existing borrowing and extending the time you’re repaying, it can mean you pay more interest and cost you more overall.

If you’re ever having financial trouble, you can get free, impartial and confidential guidance from any of these debt advice charities.

If you’re struggling to repay any money you’ve borrowed with Monzo, let us know by chatting to us in the app. We’d love to help 🙂

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Existing customers can get help via the app

Monzo Bank Limited is a company registered in England and Wales (No.09446231). Monzo Bank Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our financial Services Register number is 730427. Our address is Broadwalk House, 5 Appold St, London EC2A 2AG.