Welcome to Consolidateloans.co.uk, we provide a full range of secured and unsecured loans for people looking to consolidate their debts. We are one of the UK’s leading providers of Consolidation Loans helping people reduce their outgoings and only have one monthly repayment. We cater for all people with Bad Credit unsecured personal loans and work closely with some of the nations leading suppliers. Further more we DO NOT charge any agent sign up fees or upfront documentation fees and our rates are extremely competitive, Typically 7.9%.
Apply for free today and Consolidate your Debts now.
With national borrowing at an all time high and more and more people taking out loans, credit cards and store cards it's no wonder people find themselves with unmanageable debt. The average household has 2 or more lines of credit with an average debt of £8,796.00 (2010) this figure increases to £18,324 if the average is based on households that have some for of unsecured loan. Instead of having to deal with all your creditors individually and struggle to pay off the minimum amount each month, a consolidation loan will pay off all your existing debts and reduce them to one manageable monthly payment. However, consolidation loans don't suit everyone and may not be available if you have repeatedly missed payments to your current creditors. There are other forms of Debt Management available which are just as rewarding and effective.
In a nutshell, a consolidation loan will pay of all your individual debts (credit cards, store cards, personal loans) and transfer the monies owed into one manageable loan with only one repayment. You will still be liable to repay the debt in full but it is usually spread over a longer period of time usually with a lower interest rate resulting in reduced monthly outgoing.
By transferring your current debts into one and spreading them over a longer period of time you will dramatically reduce your monthly outgoings. Typically if you are paying £400 per monthly to your unsecured debts a consolidation loan will reduce your monthly outgoings to £200 over a longer period of time. Most people only pay the minimum repayment per month which just covers the interest so the total debt amount never reduces and remain unchanged.
Once you start repaying your debts regularly with no monthly missed payment this will have a positive impact on your credit rating! With the consolidation loan reducing you monthly repayments this will easy your ability to make your repayments on time which will result in a better credit rating. This will put you in a stronger financial position in the future helping you should you wish to apply for a mortgage.
If your debts are with store cards or credit cards then you typically pay higher interest rates in the region of 15% to 25%. Consolidate Loans are typically less and spread over a longer period of time.
At Consolidate Loans we use a variety of lenders who will assess how much debt you have outstanding and your credit risk. If you have missed payments in the past with your current creditors then a secured loan may be the only lending offer available for you. You must be sure you can make regular repayments as the loan will be secured against your property to reduce the lenders risk. This could however result in a lower interest rate and could be spread over a longer period of time.
Not everyone can qualify or be entitled to a Consolidation Loan despite what the Financial Exclusion Propagandists may try and have you believe. However there are other Debt Solutions for you which may be seen as a favourable option. Debt Management Plans are another form of Debt Consolidation without taking out another loan and consolidate your debts into one monthly affordable repayment.
For example, if you have a number of different credit and store cards which are gathering interest every month to the point where you can no longer afford to repay the monthly amounts, a debt management plan could help to relieve some of the immediate pressure.
I was behind on my bills and didn't know what to do. I contacted Consolidateloans.co.uk and one of their credit professionals walked me through the steps one by one. The friendly team was helpful and considerate and made me feel completely at ease. I have found a plan that is flexible for me and is easily maintainable. After shopping around I found that Consolidateloans.co.uk offered me an unbeatable rate so thanks to them I am now up to date with my bills and in complete control of my finances. I am stress free from creditor hassle. I highly recommend them!
I would like to thank all the staff at Consolidateloans.co.uk, after applying elsewhere and being rejected due to bad money management, they helped me consolidate all my debts into a lower payment each month at a better rate that I had been rejected for elsewhere. I am now able to take my family on a holiday for the first time in 5 years with my savings each month.
I was worried at first about all the stress of applying for a loan but Consolidateloans.co.uk made it easy for me to sort my finances out. I now have one lower affordable monthly payment and a happier, hassle free life. Thanks Consolidateloans.co.uk!
I have been rejected for loans time and time again due to missing payments, was about to give up until I came across Consolidateloans.co.uk made a 2 minute online enquiry and within the week all my money worries were sorted! One low monthly payment! For the 1st time ever I can plan for the future and not worry about money! All thanks to Consolidateloans.co.uk. Thanks!
After being rejected by the high street lenders for being late with a mortgage payment I was beginning to think a loan was no longer an option. I had even paid a company £60 to find me a loan and was unsuccessful. A friend recommended Consolidateloans.co.uk and I was surprised at how simple and stress free the call was. Now, with the money I’m saving, I can spoil my family & live without fear of debt.
I was recently prowling the internet looking for a consolidation loan, when I cam across consolidateloans.co.uk, where I found a wide range of options open for a loan that will benefit me. The website was extremely user friendly with varied links and tabs to go into to make sure I got the right loan for me. It showed me 5-6 different lenders I could potentially get a loan from ranging from the AA to Nationwide. It was really helpful for me to make a decision, and with the loan advisors so helpful and efficient on then end of the phone also I would more than recommend this to anyone. 10 out of 10 from me.