Consolidation Help

Unsecured loans for bad credit

Are you looking for an unsecured loan for bad credit?

If you require debt consolidation, an unsecured loan could be an option. While secured loans require you to offer a valuable possession (typically your residential property) as collateral if you cannot fulfil the total loan repayment, unsecured loans need no safety and security.

Also referred to as personal loans, consolidation loans are approved based on your credit reliability and affordability instead of any asset you can offer as a backup. They are a much lower risk of borrowing than secured loan options, as your home will not get repossessed if you miss your payments and default on the agreement.

We consider more than simply your credit history, evaluating your situation to see if you can manage the month-to-month payments. This Meaning that you have a higher chance of acquiring a loan from our lenders even if you have had a poor credit history.

To discover if you qualify for one of our loans, you can Apply Now, by submitting our online application.

An unsecured loan is a loan that doesn’t need any security. Loan providers approve unsecured loans based on a consumer’s credit reliability rather than relying on a debtor’s possessions as security.  An unsecured loan is supported only by the borrower’s creditworthiness rather than any collateral, such as residential or commercial property or other properties. Unsecured loans are riskier than secured loans for lending institutions, so they call for higher credit history for approval. Credit cards, student loans, and personal loans are unsecured loans. If a borrower defaults on an unsecured loan, the lender might commission a debt collector to collect the debt or take the customer to court. Lenders can choose whether to accept an unsecured loan based on a consumer’s creditworthiness.

Why choose Consolidation Help?

We provide loans to those with a bad credit score. You’ll need to be over 18, a UK resident and be able to afford repayments. We’ll give you a conditional decision in simple minutes. You can obtain from ₤ 4,000 up to ₤ 70,000 over a minimum of 18 months up to 60 months.

Although most happy customers use unsecured loans for debt consolidation, you could use the loan for a new car or home improvements. To begin an application for one of our loans, you can click here to “Apply Now”. The application procedure is quick and straightforward. If approved, you could have the money in your account within 24 hours.

Taking an unsecured loan for bad credit is a flexible means of accessing credit that can help you consolidate existing debts into one manageable monthly payment. It’s a serious commitment to enter, of course, so we are right here to address a couple of questions and give you more information if needed. Please be mindful, however, that we do not offer financial advice. If you would like to speak to someone about your finances for advice, please visit MoneyHelper;

Not right away after applying, no. Your credit score reflects your dependability in paying your creditors, and it will positively influence your credit rating should you make your repayments on time. You will not see a boost to your rating simply for applying and being accepted for an unsecured loan.

Many of our customers are successful in their applications with poor credit ratings. Many of them usually aim to settle their financial debts and reduce their month-to-month settlements. Thanks to our experience supplying competitive debt consolidation loans, bad credit holders consistently resort to us for help in dealing with and settling their outstanding debts.

 We collaborate with loan providers that provide bad credit unsecured loans as an excellent means to help borrowers minimise their outgoings and give them the possibility to get on top of their finances. So if you have a bad credit report, you owe money in many different areas and would undoubtedly enjoy nothing more than to combine these into a single, workable month-to-month settlement, contact us today.

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We're here to help you consolidate your debts

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Consolidate into one affordable monthly payment

A Consolidation Loan can help make life simpler by putting all that you owe with one lender. You will receive your desired loan amount in your bank account so that you can pay off your debts with your other lenders. This would leave you with one loan to repay every month, which could mean lower interest and charges, and an extended repayment period of up to 5 years.

Having a single, lower monthly payment could make managing your debts easier and more affordable.

A Consolidation Loan can also help improve your credit rating providing you make your payments according to the terms of the credit agreement. This can show lenders that you have taken reasonable and responsible steps to repay the money that you owe. 

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