WARNING: LATE REPAYMENT CAN CAUSE YOU SERIOUS MONEY PROBLEMS. RATES FROM 45.3% APR TO 1575% APR FOR HELP, GO TO MONEYADVICESERVICE.ORG.UK

The Answer To Your Cash Needs

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.

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£200 - £1,100
Loan term
1 - 4 Months
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Loan amount
£100 - £2,000
Loan term
1 -12 Months
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Consolidation Loans: Getting Out of Debt the Easiest Way Possible

With the increasing number of borrowers who default on their loans, as well as the incessantly growing demands for loans and other financial solutions, traditional lending firms such as banks and other institutions have decided to come up with a credit scoring system designed to eliminate their continuing problem on the delinquent accounts of the borrowers. Through this system, lenders can now easily identify borrowers who will likely be able to pay off their loans without any interruptions, from those who may not even be able to pay off their loans at all. But while this credit system proved to be helpful to the lenders, they were undoubtedly detrimental to the interest of the borrowers.

Through this credit scoring system, borrowers who frequently missed their payments automatically had tainted payment histories, and those who had incomes that fall below what the lenders deem sufficient were automatically given poor credit scores. Because of this, borrowers who were given poor credit scores and had records that reflect bad payment histories were automatically precluded from borrowing from any of the leading institutions in the lending industry. For this reason, borrowers were often left with very few — and often uncomfortable — alternatives in times of urgent financial crises.

Because borrowers could no longer procure loans from any of the traditional lending firms, they were often left to borrow from either friends and members of their families, or lenders operating illegally. And because borrowing from family and friends isn’t always an option, borrowers are often forced to take underground loans from illegally operating lenders. And although this option does allow borrowers the financial relief that they temporarily seek, the repercussions associated with the exceedingly high interest rates of these loans often leave borrowers with long-term financial problems. With the excessively high payment increments associated with these illegal loans, borrowers are often left in perpetuated difficult financial situations.

Consolidation Loans UK: Finding the Best Loan Solutions

Because of the exceedingly high interest rates that are being charged by lenders operating illegally, many borrowers are left in a cycle of financial difficulty. With most loans being of exceedingly high interest rates, borrowers are often left to procure one loan after another, for the purpose of paying off one loan by taking another

But as the number of borrowers being given poor credit scores continued to increase over the years, a whole new market for borrowers with bad credit was created eventually. And as demands for innovative new financial services continued to grow in the newly formed market, advancements in technology and the subsequent evolution of the lending industry has soon paved the way for the emergence of innovative new financial services, especially designed for borrowers with bad credit. Through these innovative new loan solutions, borrowers now have better, more affordable, flexible, and far more secure financial alternatives.

Among these innovative new financial services are consolidation loan solutions, which basically allow borrowers to consolidate all their debts into one big loan. Through these loan solutions, borrowers’ multiple small loans on short term payment conditions are merged into a one big loan which they can repay over in longer payment terms. And because interest rates for these loan solutions are minimal, with these financial services, borrowers now have a real chance to get out of debt.

Through these financial services, borrowers now finally have a means to recover financially — without having to risk their security. With consolidation loan solutions, borrowers, even despite their poor credit scores and bad payment histories, now have a real chance to pay off their loans, and actually improve their financial conditions.

Consolidation Loans UK: Advantages of Loans for Bad Credit

Compared to that of most of the conventional loans being offered by traditional lending institutions, application procedures for most loans for bad credit are so much easier and far simpler. Through these types of loan services, borrowers need not wait in long lines, nor wait for long hours just for their applications’ submission — nor do they have to wait any longer just for their applications to be processed. With these new financial services that are now readily available in the market, borrowers’ applications are processed as soon as they are submitted. And because these applications are processed immediately, borrowers can expect for their approvals to follow shortly. With these new loan services, borrowers now have access to better, more efficient, more affordable and far more secure financial services.

Through these new loan solutions, borrowers need not submit any more additional requirements. And since applications can be accomplished completely over the internet, borrowers have the convenience of being able to submit their applications right from the comfort of their very own homes. With these innovative loan services, borrowers can submit their applications using any device they want, from anywhere they are, and at anytime of the day. And because everything is done entirely over the internet, borrowers now have the advantage of having access to loan services where loan funds can be released on the very same day that their applications were submitted. With loans for bad credit, borrowers now have access to a plethora of innovative new loan solutions at much lower interest rates, even despite their bad credit. And while these advantages were only previously available to borrowers of most of the conventional loans that are being offered by standard lending institutions — with the recent innovations in technology, security, as well as the lending industry — borrowers now have better solutions in times of difficult financial situations.

Consolidation Loans: Advantages of Instant Loans

Instant loans are undeniably one of the most popular and most sought after of the innovative new loan solutions being offered by many lending firms, and for many good reasons. Because most financial needs and situations need immediate financial action, instant loan solutions have become the leading loan options that borrowers take in times of urgent financial crises. Because these types of loans are so much easier to procure, borrowers tend to turn to these types of loan solutions in times of urgent situations.

Through instant loan services, borrowers now have immediate access to secure more affordable and flexible financial solutions. In situations that involve unexpected expenses such as that of urgent car repairs, urgent home repairs, hospital bills, and other unforeseen health-related costs, instant loans make the best financial resolution. With instant loans, borrowers can also make relatively affordable purchases — such as  that of new gadgets, new home furnishings and appliances, as well as other similar, affordable purchases. These loan solutions also make great options in paying for relatively affordable leisure purchases that borrowers just couldn’t get themselves to save up for — such as that of travel and other similar expenses.

But because instant loans are mainly small loans that borrowers are allowed to repay over short term conditions, they don’t really make great options in other more complicated financial situations. For financial needs that require more complicated financial resolutions, borrowers are best off procuring other loans. In situations that require loans in amounts that are far higher than what small loans are usually able to yield, borrowers are best off securing loans in much longer payment term conditions — loans such as guarantor loans, collateral loans, and other similar financial solutions.

Consolidation Loans: When to Get Guarantor Loans

Because most loans designed for borrowers with bad credit are small loans that they can only pay over in short term payment conditions, these types of loan services do not make great options in more complicated situations that require more elaborate financial resolutions. Due to this, many borrowers are led to believe that such complicated financial conditions can not be addressed by bad credit loan solutions. With secured loans such as guarantor loans, however, borrowers now have better access to more flexible, more affordable, and far more secure financial resolutions at much lower interest rates and much longer payment term conditions.

Through guarantor loan services, borrowers are now able to enjoy advantages that were only previously available to borrowers of the conventional loans being offered by traditional lending firms. With these new loan solutions, borrowers can now address more complicated financial needs at much less complicated interest rates. Guarantor loans are basically loan solutions that borrowers can easily procure with the help of guarantors. Guarantors can be anyone, apart from the borrower’s spouse, who is actually of good credit standing and and is capable and willing to pay off the borrowers’ loans, just in case they fail to pay them for any reason. Guarantors can also be third party firms who fit the lenders’ qualifications.

But while these loan services offer borrowers numerous advantages especially in financial situations that beg for long term payment conditions, the difficulty associated with finding individuals of good credit standing who are willing to take on the roles of guarantors often hinder borrowers from considering these financial solutions — even despite their bad credit situations.

Consolidation Loans: When to Get No Guarantor Loans

In situations where it’s not remotely possible for borrowers to secure the help of guarantors, no guarantor loans can be the best financial solutions. Through these types of loan solutions, borrowers can now avail of affordable, flexible, and much more secure financial solutions without having to submit any more additional requirements.

Consolidation Loans: Are Loans from Direct Lenders Actually Cheaper?

Due to a common belief that securing loans through loan brokers’ services only lead to the unnecessary payment of the fees for their services, many borrowers have been looking forward to securing loans directly from the lenders. But while it may be true that borrowing money from the lenders directly saves borrowers from having to pay for the loan brokers’ services, there are actually far too many advantages that borrowers can only get by securing loans through the assistance of loan brokering firms.

Since loan brokers have extensive connections to a network of many different lenders across many different areas and regions — they have extensive access to discounts, deals, and promotions that are being offered by lenders on their many different financial services. Through these connections, borrowers have better chances at finding the best loan solutions at the best possible interest rates available in the market. And because loan brokers often extend expert assistance to borrowers in order to help them find the best loan solution relevant to their unique financial situations, borrowers actually have more chances of saving more money by securing loans through their services.

How to Get Consolidation Loans

Compared to the application procedures of majority of the conventional loans that are being offered by standard lending firms, applications for these innovative new financial solutions are far more straightforward, much easier, more secure, and a whole lot faster. Because applications for these financial services can be completed entirely over the internet, borrowers now have the advantage of being able to submit their loan applications at a time that’s most convenient for them. Through these loan services, borrowers no longer have to submit any additional requirements other than several basic documents which lenders require for verification purposes. Procedures often vary from one lender to another, but documentary requirements for most loan applications usually include proof of identification, proof of income, residential number, social security, and updated contact details which should include the borrower’s valid email address, as well as a working phone number that lenders can contact the borrowers on. In submitting their applications, borrowers are strongly urged to ensure that their documentary requirements are not only complete, but also verified authentic — and that their application forms are duly filled up with all the required and correct information. Because lenders heavily rely on these requirements for the approval of the borrowers’ applications, any discrepancy or insufficiency may affect the borrower’s application approval greatly. Failure to comply with any of the lenders requirements — such as insufficient information on application forms, or lacking documentary requirements that lenders need for verification  purposes — can lead not only to unnecessary delays in the processing of applications, but also, in some cases, the applications’ outright rejection

5 most recent personal loan reviews

Review of Colonial Second Charge Loans

I love CSC loans I have been with them nearly three years, need a top up as my son is getting married. They where brilliant as usual, no problems, done so quick - they were my life savers when needed most, thank you.

Review posted by Mary Hartnoll, Canterbury

  • Customer Service
  • Flexibility
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Review of Together

As guarantor for my daughters, loan the service we got was quick and efficient, did checks, asked questions and all was sorted very quickly, would definitely recommend Together loans to all.

Review posted by Susan Mills, Darlington

  • Customer Service
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Review of Shawbrook Bank

Brilliant service. The application process was a doddle, the Shawbrook representative who called me was polite, understanding and cheerful. The whole thing (from starting the application process to receiving the money) took around 3 or 4 hours. Very quick and efficient and no long or silly forms to fill out. Just what was necessary. Am very pleased I chose Shawbrook.

Review posted by John Marcus, Surrey

  • Customer Service
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  • Ease Of Use
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All reviews have been sourced from the UK Trust Pilot to certify authenticity.

Representative 277.5% APR

Representative Example: Borrow £700 and pay £111.27 per month for 12 months at an interest rate of 140% per annum (fixed).
The total charge for credit is £635.24 The total amount repayable is £1335.24. Representative 277.5% APR (variable). Your APR rate will be based on your circumstances

Non-payment could have a negative impact on your credit rating and have increased charges and interest rates.