The early settlement fee on your personal and graduate loan are not likley to be more than one months interest (Check).

I would transfer these two loans to a crdit card with a low life of balance rate.

Say Marks & Spencer &MORE.

You can pay as much as you like off each month, as long as you are paying over the minimum 3%.

You may not be able to balance transfer the loans directly

We have a total of around 15k in loans, one is a personal loan which will be paid off in 4.5 years. Another is a graduate studies loan which will be paid off in 2 years and the other two are car loans which will be paid off in around 4 years. Trying to work out best way of reducing these debts asap as they add up to almost £500 a month!! Been told we cannot overpay on personal loans each month so is is best to consolidate all these debts or save up and pay them off or is there another option? 4 years seems a long time to have these debts hanging over us. We have approxiametely £500 a month spare to help us pay them off but do not want to risk being charged early resettlement fees either? What is the most cost effective way of reducing this kind of debt please? Any suggestions? Thanks, Kate