Debt consolidation loans for bad credit UK residents
Options for borrowing used to be incredibly limited. Credit cards for ongoing expenses, bank/building society loans for borrowing larger sums of money to repay over time, and finance agreements for buying specific things such as a vehicle. Today, that has changed; there are many different types of financial products, each potentially with a different rate of interest.
When people get into a lot of debt spread over many products, the simplest solution is to take out a personal loan to consolidate them and pay off in one manageable monthly payment. For some customers, such loans can be the best solution to their money issues.
As with everything, ensure you research whether they are right for your circumstances before applying.
What are Loans for Debt Consolidation?
As the name suggests, personal loans for debt consolidation allow you to bring all your existing debt and borrowing under a single finance agreement. They can help some customers with a bad credit score repair it and manage their money.
All your disparate credit and store cards, payday loans, and other borrowing is exchanged for one loan from a single provider, paying a single interest rate taken once per month. You don’t need to worry about making multiple payments and working out which costs the most.
- Our debt consolidation loans are typically £1,000 and £25,000, subject to circumstances
- We offer flexible repayment terms on all our debt consolidation loans, suitable for most budgets
- You could get an unsecured debt consolidation loan, even with a history of bad credit
- It’s fast and free to apply for a New Loans debt consolidation loan. You will be considered for some competitive UK loans for debt consolidation
- You could receive the money within 24 hours
Are you looking for a bad credit loan to consolidate your debt? Now Loans offers a much simpler way to manage your debt. Apply for debt consolidation loans for poor credit now; you could get a quick answer in principle.
- Borrow up to £25,000 on a debt consolidation loan
- Money in your account within a matter of days, 24 hours under some circumstances
- A free and impartial service
- Quick and easy application process
- Flexible repayment terms
- As these are unsecured loans, you do not have to be a property owner. Non-homeowners and renters are welcome to apply
Can I Get Personal Loans for Debt Consolidation with Bad Credit?
A history of bad credit can sometimes make it difficult to secure vital financial assistance. With Now Loans, we don’t think a poor credit history should bar you from applying.
Through our large range of lenders, Now Loans offers a range of personal loans for debt consolidation. If you have been refused credit in the past or trying to build a credit score, look no further. With such a wide range of debt consolidation loans means, we are confident of having something suitable for you.
The Now Loans unsecured debt consolidation loan service is fast, free and impartial. You could receive the money in your account in under 24 hours.
What else you need to know:
- Simply enter your details, and within moments you can compare multiple loan options to choose your best deal
- Our lenders’ strict affordability checks mean you will only be offered loans and terms they are confident you can repay
- Making regular loan repayments on your debt consolidation loan bad credit will repair your credit score in no time
The best loans for debt consolidation range is waiting for you now. Application is free with no upfront fees and no obligation to accept the terms on any loan.
How much Will Now Loans Lend on an Unsecured Debt Consolidation Loan?
Now Loans is an intermediary for UK-based debt consolidation providers. We don’t provide the loans, but it does mean we are impartial when offering you financial products. Customers receive a free, independent service from only reputable lenders.
Subject to circumstances and personal financial status, Now Loans could offer anything between £1,000 and £25,000. Rest assured that what we offer will be relevant to your circumstances.
All you need to do is fill out our one of our forms and we will do the rest.
Why Choose Now Loans?
Quite simply, we offer the best loans for debt consolidation anywhere on the web. We’re dedicated to helping people find practical, long-term financial solutions. Our debt consolidation loans for poor credit are just one set of products that we offer to help you achieve that.
An independent broker for debt consolidation personal loans, we search a wide range of options. We use a panel of FCA approved lenders who will do everything they can to match you to the right debt consolidation loans. Our service is the smart choice. Apply for free and you could receive a soft acceptance in a matter of minutes.
When Will I Receive the Loan?
Our step-by-step application process is quick and straightforward. Our approval system is fast and efficient with a soft pre-approval likely within a few minutes. If you receive a full approval, In no time you will have access to quick cash ready to pay off existing debts and consolidate under one monthly plan with a single rate of interest. You will no longer ned to worry about making payments on time for a wide range of disparate debts.
There is no paperwork, and no phone calls to make as everything is online. Just fill out the details and we will assess based on what you have told us. Debt consolidation loans for poor credit are a great way to repair and improve your credit score while helping you manage your money long-term
Please fill in more information to see initial calculations.
This tool is for guidance ONLY. It is designed to help you estimate loan repayments. It uses the representative APR of each product. Lenders have a duty to conduct affordability checks when you apply for a loan.
Representative example. Borrow £3,000 with repayments scheduled over 36 months each totalling £162.34 at a fixed interest rate of 45.10%. Total interest payable at £2,844.30, meaning the total repayable after 36 months is £5,844.30.
Representative APR 50.0% fixed. This example is for illustration purposes only. The rate and/or term you are offered is dependent on your individual circumstances.
Representative example. Borrow £3,000 with repayments scheduled over 36 months each totalling £144.16 at a fixed interest rate of 34.05%. Total interest payable at £2,189.60 meaning the total repayable after 36 months is £5,189.60.
Representative APR 39.9% fixed. This example is for illustration purposes only. The rate and/or term you are offered is dependent on your individual circumstances.