Debt Consolidation Loans

Loans from
£500 - £25,000
One application,
many lenders
Bad credit

Struggling to manage all your debt? Convinced there’s a better way? There is! Debt consolidation loans will combine all your debts into one and leave you with only one payment per month. Personal Loans Now is an introducer to Monevo who have access to a wide panel of FCA-authorised direct lenders. Some of these lenders specialise in unsecured loans with a bad credit rating too. This is so we can help you find the perfect loan for your needs. Apply now for any loan amount up to £25,000*, with an instant decision and same day payout, if approved!

Are you looking for debt consolidation loans for bad credit up to £25,000*?
Apply now and get an instant decision!

Debt Consolidation Loans Bad Credit

Taking on another loan for bad credit in the UK to consolidate all your debts can be very tempting especially as it will get creditors off your back. Before applying for a loan, work out what you are currently paying to determine whether it is worth your while. If the new monthly loan repayment is more, then you clearly won’t be able to afford to pay off the loan for bad credit even if you think you are buying some time. It is also important to note that when looking for these loans never fall into the trap of no credit check loans. It is illegal for any lender to offer this. You can apply today with Personal Loans Now for debt consolidation loans for bad credit with an online decision for any loan amount up to £25,000*.

Debt consolidation loans - Personal Loans Now

Where can I get debt consolidation loans for bad credit with no guarantor?

Debt consolidation loans - Personal Loans Now

Can I receive debt consolidation loans for bad credit from direct lenders?

Debt consolidation loans with no guarantor is a type of unsecured loan. Personal Loans Now have access to a wide range of trustworthy direct lenders who specialise in providing these unsecured personal loans for bad credit. However, when shopping around for these loans, bad credit is not the only factor you should consider. Think if the price you pay for borrowing the money (interest rate) is lower than other alternatives. If it is, and if you can repay it on time, you just found a good deal for your unsecured debt consolidation loan for poor credit.

Yes! There are many direct loan lenders who offer debt consolidation loans for bad credit. Are you’re struggling with keeping up with repayments? Rather than getting a bad credit record, you can apply for debt consolidation loans. This will help you by giving you only one monthly repayment to focus on. So, getting a loan from a direct lender to consolidate credit card debt with your other debts can really help you to improve your credit rating. Look for a debt consolidation loan for poor credit the UK, as these will usually have a higher acceptance rate.

  • Bad credit debt consolidation loans
  • No guarantor needed
  • No application fee
  • Instant decision
  • Cheap rates Direct lenders panel

Debt consolidation loans - Personal Loans Now

Alternatives to Debt Consolidation Loans

Having lots of different debts may mean that you are unable to cope with the large number of different payments due each month. Consolidation loans are a means of putting all the debts together – consolidating them. If you’re struggling with debt, a debt consolidation loan isn’t the only answer and it may not be the right solution for your specific needs. Personal loans and short term loans can be a great alternative to help you consolidate your debt. When thinking of applying for a debt consolidation loan, you must be able to reduce the overall interest paid and the overall total loan repayment. One other big advantage of these loans is that you are left with one affordable monthly payment.

Debt consolidation loans - Personal Loans Now

Why should I take a personal loan to consolidate debt as an alternative?

Debt consolidation loans - Personal Loans Now

What are the benefits of taking a short term loan as opposed to a debt consolidation loan?

The interest rate can be lower on personal loans, and the total loan repayment may be lower than a debt consolidation loan. You can find a debt consolidation personal loan that works out cheaper than your current debts. But there is still something important to find out. Will you be charged an early repayment fee from any of your existing lenders? Some lenders will make you pay a penalty for closing a loan early. This penalty will push up the total cost of your personal loan.

Using a personal loan to combine debt can only be of benefit if you are sure you can make the repayments in full and on time. It is important that you take this opportunity to change your lifestyle and attitude towards borrowing. Cutting back on spending is one choice that will help you to keep your finances on track in the long run.

Short term loans for bad credit are often more easily available than debt-consolidation loans, and they’re offered by many lenders. With a debt consolidation loan, the lender pays off all the debt for you, and you pay them back. There are often additional charges for this. However, when taking a short term loan to pay off all your debts you are doing all the arrangements yourself. This can save you paying additional fees and charges. When applying with Personal loans Now we don’t charge you a penny for our service!

If you do decide that short term loans are the best option to pay off your debts, shop around for the best deal. Use APR to compare rates on comparison websites as this figure includes any arrangement fees. But remember, the APR of low APR pre-approved short term loans often goes up when you actually apply. Take any set up fees for the new short term loan into account when calculating whether a short term loan is worth it for you.

  • Debt consolidation loan alternatives
  • Short term loans for debt consolidation
  • High acceptance rate
  • Instant decision
  • Best loan Rates

Debt consolidation loans - Personal Loans Now

Debt Consolidation Loans from Personal Loans Now

Personal Loans Now has access to Monevo’s wide panel of FCA-authorised direct lenders. They specialise in providing debt consolidation personal loans at excellent prices. This will help you get your existing debts under control. You can apply for anything between £500 and £25,000* and receive an instant decision on your application, even with bad credit. Once you are approved and accept the loan offer, the money will be sent to your bank account on the same day**. Apply now and get those runaway debts under control.

Debt consolidation loans - Personal Loans Now

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