Debt Consolidation Loans

Time is to get funds to consolidate all of your debts into a single loan. No barrier of poor credit scores and both secured and unsecured loan options are there to choose

  • Loans for bad credit
  • Huge loan amount
  • 100% transparency
  • No collateral required
  • No upfront fees

Representative Example: Credit Amount - £10,000 for 6 months at £1917.46 per month. Total loan repayment amount of £11504.78. Interest Amount: £1504.78. Interest rate: 49.9% pa (fixed). 49.9% APR Representative.

Avail of affordable loans to pay off your debts with ease

Imagine a situation where you have different types of outstanding from various lenders, such as auto loans, personal loans, education loans, etc., requiring you to keep track of payments at different schedules. Sometimes this will lead to complications when you miss the payments. In this scenario, getting a single debt consolidation loan will be your life saviour.

Do you need money to consolidate multiple debts? Is your bad credit making your situation harder? You must prefer debt consolidation loans from Advanceloanday. As the direct lender, we let you experience the below benefits through our affordable loans.

  • Borrow from £1000 - £25000
  • Get an instantaneous decision in most cases
  • Flexible repayment schedule
  • Funds available on the same working day
  • No early payment charges

Based on your circumstances, we seamlessly offer debt consolidation loans on an instant decision to rationalise your finances. However, our loans are availed to close down all existing debts.

affordable loan debts

What are debt consolidation loans?

A debt consolidation loan is a popular method mainly designed to help individuals with bad credit to roll old debt into new manageable debt. Overall, it supports managing easy monthly payments.

In addition, the possibility of smaller monthly payments will make straightforward financial life, with fewer bills to pay and fewer due dates to worry about. The loans are either secured or unsecured. Based on your situation, you may go with any suitable option.

It is also important to note that debt consolidation loans on low interest are the only solution for people with any credit profiles. Thus, before choosing any loan options, it is better to analyse the financial situation to decide whether you need a loan.

Who will go with debt consolidation loans?

People who suffer greatly from different debts can apply for these loans. These people usually consider such instant debt consolidation loans:

Do bad credit people get a chance on debt consolidation loans?

Yes, these loans are also available for people with poor credit. Usually, the accessibility of loans will be limited for people with bad credit, but it is still possible to get better deals by approaching direct lenders like us.

We offer consolidation loans for poor credit without additional charges. Our fair lending policies will let anyone get immediate cash to make hassle-free payments on multiple debts, even with unfortunate credit history.

Taken as a whole, the application process is relatively simple, and it will not leave any impact on your credit history. We consider your repayment ability rather than your past credit so you can quickly get the finest debt consolidation loan for bad credit to manage perfect cash flow even with imperfect credit.

bad credit debt loan

What are the main types of debt consolidation loans?

Here are two broad types of loans such as listed below:

 Secured Debt Consolidation Loans:

It is one of the most commonly utilised forms of loan. An asset such as a home, car, or any property which serves as collateral backs secured loans

 Unsecured Loans for Debt Consolidation:

Unsecured debt consolidation loans for bad credit provided quick financial assistance as assets do not back these loans.

With either type of fund, interest rates are lower when compared to the rates charged on credit cards. The interest rates are often fixed, so you don't worry about the repayment. With any loan, you can quickly pay off all your debts.

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How can I choose the best deals on debt consolidation loans?

Having debt can negatively affect your financial health. At the same time, this will act as a roadblock to your savings, so it is always better to go with the finest loans to overcome such a complicated situation.

Usually, the terms of debt consolidation loans for bad credit will usually vary based on financial circumstances. When choosing loans, you need to consider several key factors, such as:

Is a debt consolidation loan available without a guarantor?

You must approach our team if you need a debt consolidation loan with no guarantor. We let you understand everything related to our loan. We offer loans at competitive interest rates and fees, which will support you in making monthly payments in a risk-free way.

Here are some reasons to opt for a loan without a guarantor:

You will find the best debt consolidation loan for bad credit with no guarantor that suits your current financial status with us. Most importantly, our loans are ideal for all salaried individuals, unwaged individuals, businesses, etc. In this situation, you hold the responsibility for making the repayment.

How will debt consolidation loans support individuals?

These loans are highly advantageous to people in many ways. However, the benefits of debt consolidation loans for poor credit will vary based on the individual financial situation.

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Why should individuals choose Advanceloanday?

We can facilitate an affordable debt recovery solution for people with any credit history. Our loans are mainly designed to offer freedom to pay off unpaid debts.

We strongly believe everyone deserves a second chance, so we always bring the best deal on debt consolidation loans for bad credit in the UK. However, our loans support anyone to build a strong credit score through regular payments.

In addition, our process enables you to make an informed decision about a loan early on. It can also provide you with complete control throughout the process.

With our debt consolidation loan on an instant decision, one can enjoy the following benefits,

  • Easy application and procedure
  • No paperwork and documentation
  • Same-day approval and disbursal
  • Fair deals with flexible repayment
  • Friendly service and support

Emergencies happen at any time in our life at any instance, so we bring consolidation loans for bad credit in the UK with specialised terms. Most importantly, our procedure is quick, and we always practice responsible lending.

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We understand that increasing cash flow is one of the main things during emergencies, so we support individuals with the right kind of loans. Hence, approach us to get better quotes on bad credit no guarantor consolidation loan to avoid complications.


What happens if I can't make payments on my loan?

If you missed making timely payments, contact your lender immediately to avoid complications. Depending on your situation, the lender can work with you by changing the payment plan. However, defaulting on loans for poor credit could have serious consequences, like the lender will take you to court, so it is better to approach a lender for an update about the situation.

Will consolidating all my debt hurt my credit history?

Consolidating your debt will not affect your credit history, but it may have a temporary negative impact as it will result in a new account. You can avoid these factors by making timely payments on the new loan. Most importantly, this can ultimately improve your credit score.

How long does the approval for my debt consolidation loan take place?

Usually, the time it takes to get approval for a loan can differ based on the lender. Some lenders may be able to approve on the same day, while others may take several days to process your application.

Can I use credit cards after consolidating my debt?

In general, it is not recommended to continue using credit cards and avoiding taking out loans after consolidating your debt is better. Normally, this can also put you in a worse financial situation. Try to avoid applying for multiple loans to develop healthy financial habits.

Do I need to be a homeowner to apply for debt consolidation loans?

No, it is not compulsory to be a homeowner to apply for a loan. You can easily take unsecured loans with bad credit even if you don’t have any property. This loan often comes with a higher interest, so you must focus on this factor before deciding on an unsecured loan.

Our customers’ experience:

I was going down in debt and couldn't make any headway on paying it off. That's when I discovered debt consolidation loans from Advanceloanday. Thanks to the team. I combined my high-interest debts and credit card payments into a lower-interest-rate loan. It's been a lifesaver for me, and I'm finally starting to keep my finances on the right balance.

-Olivia, Stourbridge, UK

I was juggling multiple credit cards, store cards, and other debts with different interest rates, which I needed help to keep up with. With a debt consolidation loan from Advanceloanday, I could streamline everything into one easy payment, and I have made steady progress toward paying it off. It's a weight off my shoulders. I recommend this service to my friends.

-George, London UK

I never thought I'd be able to get a handle on my debt, but loans from Advanceloanday made it possible. Now I have a single payment every month, and I can finally start saving for my future. I will apply for loans from this lender if I need money in the future.

-Henry, Bournheath UK

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