PoundWise Team: Lenders usually assess your income, regular outgoings, credit history, existing debts and whether the proposed repayments appear affordable. Each provider has its own criteria, so meeting the basics does not guarantee acceptance or a particular interest rate. An eligibility checker using a soft search may show your likelihood of acceptance without affecting your credit score, but check the terms carefully because consolidating can increase the total cost or extend the repayment period. If borrowing is unsuitable, consider free debt advice from organisations such as StepChange or MoneyHelper, and use an FCA-authorised lender if you apply.