When customers come to Debt Consolidation, the average amount they owe is £9,747*. Given that most individuals have some form of debt, we can assist you in consolidating your debts and repaying personal loans. Complete an application today to explore how we can be of assistance.
*Average debt level between November 2021 and July 2022 for customers is £9,747.85.
A personal loan is a single unsecured loan where you agree to borrow a specific amount of money and repay it within a predetermined timeframe.
Failing to make a payment on a personal loan, whether secured or unsecured, may lead to penalty fees and additional interest. In essence, missing payments translates to a higher overall repayment amount. With a debt consolidation loan, you have the opportunity to settle your personal loans today, potentially avoiding additional costs.
Bad Credit? We assist individuals like you.
We evaluate everyone, regardless of their credit score. Our focus is on assisting individuals dealing with debt issues, and we recognise that you may have a low or very poor credit rating. We are committed to doing our best to help in such situations.
Focus on only one monthly payment.
No problem. We consider all credit scores – even bad ones!
We are experts in debt solutions.
No hidden upfront fees to worry about.
Real rates tailored just for you.
Focus on only one monthly payment.
No problem. We consider all credit scores – even bad ones!
We are experts in debt solutions.
No hidden upfront fees to worry about.
Real rates tailored just for you.
APRs from 5.8% to 89.9%
When borrowing £7,500 over 36 months with monthly repayments of £502, the total repayment amount is £18,083. This includes a total cost of credit of £10,583, at a variable interest rate of 69.9%. The lenders in our network provide loan terms ranging from 12 to 60 months, with APRs varying from 5.8% to 89.9%. Please note that the Representative Example is based on loans disbursed by lenders from April 19, 2022, to December 23, 2022.
Opting to include fees in the loan: For a £25,000 loan over 120 months, along with a £2,500 broker fee and a £250 lender fee, your monthly repayments would be £345.55. The variable borrowing rate is 8.6%, resulting in an 11.7% APRC. Total cost for credit is £16,466.00, and the total amount repayable is £41,466.00. You can also choose to pay the lender and/or broker fees upfront, with options discussed by your advisor.
A debt consolidation loan is a viable option for repaying personal loans, and we consider all applicants. This borrowing method enables you to combine your debts into a single manageable monthly payment.
If you’re facing challenges repaying personal loans, have a poor credit history, and reside in the UK, we may offer assistance. Our team is ready to help you consolidate multiple payments into one manageable monthly instalment. We understand the frustration of facing rejections due to bad credit, and we are committed to attempting to help, regardless of your circumstances.
Complete an application today to assess your eligibility.
A debt consolidation loan will have a detrimental effect on your credit score only if you fail to make repayments. Consistently making timely payments each month should contribute to an improvement in your credit rating over time!
You can include many types of debt, including the following:
The minimum monthly repayment varies based on your individual circumstances, but consolidation loans typically come with a repayment threshold exceeding £75.
Various debt solutions are at your disposal. By reaching out, one of our advisors can assist you in identifying the most suitable option for your circumstances.
We collaborate with you to establish an affordable repayment plan, aiming to prevent such occurrences. However, if you have concerns about missing a payment, it’s essential to communicate with your lender promptly. They might have options available to assist you.
Ready to get started?
You can visit the Money Helper website to find out more about managing your money and to get free advice, they are an independent service set up to help people manage their money
Your details might be used for a soft credit check, which you can see but lenders cannot. This will not impact your credit score. The lender will perform a credit check which will appear on your credit file.
DebtConsolidation.co.uk is a registered trading name of Dissolve Debt Limited, which is authorised and regulated by the Financial Conduct Authority and is entered on the financial services register under reference number: 662423. Dissolve Debt Limited is registered in England and Wales (Company Number 05278758), registered office; Paul House Stockport Road, Timperley, Altrincham, Cheshire, England, WA15 7UQ. Registered with the Information Commissioners Office, (Registration Number Z896984X).
Disclaimer
The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details on the FOS can be found on its website at www.financial-ombudsman.org.uk.
“Dissolve Debt Limited” act as a broker processing the information that you provide to us and pass this on to our Limited group of third party lenders and brokers.
We do not charge a borrowers fee for the use of our brokerage services, however we do receive commission from lenders (or other brokers) when borrowers sign into a credit agreement following an introduction through the Debt Consolidation website.
Telephone calls from UK land-lines are usually free, however charges vary from mobile phones so please check with your network provider. Calls will be recorded for training and monitoring purposes.
As operator of this website, Debt Consolidation is not an agent or representative of consumers or any lenders and therefore does not endorse the services offered by specific lenders.
The guidance and/or advice contained within the website is subject to UK regulatory regime and is therefore primarily targeted at customers in the UK. For more information on how we handle your data see our privacy policy (for further details about Debt Consolidation and Dissolve Debt Limited, see our Terms and Conditions).”
Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
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