Debt Consolidation Loans
We can help you find debt consolidation loans in 3 simple steps. Find out how today using LoanBird:
Representative APR: 49.9% | Representative Example: Loan Amount: £1,000 over 12 months at £107.53 per month. Total Repayment: £1,290.36 | Interest: £290.36. Interest rate: 49.9% p.a. Fixed*.
Find A Debt Consolidation Loan With LoanBird
Step 1 - Application
Fill out a quick application with a few details about the debt consolidation loan you require, along with your current finances. This will only take a few minutes to complete.
Step Two - Decision
We’ll give you a decision in seconds so that you’ll see a list of debt consolidation loans in the UK that you’re eligible for. All you have to do is choose the lender you want!
Step Three - Cash
Digitally sign your debt consolidation loan agreement and receive the cash in your bank account within just 10 minutes!
Find and Compare Debt Consolidation Loans in the UK Today!
Here at LoanBird, we can help you find FCA approved lenders who can help you with debt consolidation loans in the UK. If you have multiple lenders you currently have borrowing with, you may have struggled to maintain the separate repayments needed for each. Having the option to consolidate into one loan with one repayment each month can make reducing your personal debt more manageable. Debt consolidation loans in the UK are the perfect way to do this, paying off your other lenders and having a single lender you repay instead. We can help you find lenders that can offer a debt consolidation loan quickly and conveniently with just one application.
We have ensured that our process to help you compare lenders of debt consolidation loans in the UK is as simple as possible so that you can review your eligible offers in no time. Some applicants have even been able to apply with their chosen lender and have the funds credited into their bank account in just 10 minutes. Use our smart comparison platform and connect with a lender of debt consolidation loans in minutes by clicking Apply Now.
Benefits of using LoanBird to Find Debt Consolidation Loans in the UK
Quick and easy online application
Find debt consolidation loans up to £15,000
Apply for debt consolidation loans online from anywhere
Instant decision debt consolidation loan finder
Choose debt consolidation loans, business loans, personal loans and more
Find a debt consolidation loan with no credit check required
Over 30 FCA authorised lenders of debt consolidation loans in the UK
Instant bad credit loans available
Cash in your account 10 minutes after approval
No brokerage fees – completely FREE to use!
How to Find the Right Debt Consolidation Loans
You may have found when looking online that there are many lenders available offering debt consolidation loans. Knowing which ones to trust can be difficult, as well as knowing which ones are going to treat you fairly and not charge any hidden fees. As an FCA authorised broker, we will only ever connect you with FCA approved lenders of debt consolidation loans. All of the 30+ lenders on our panel follow responsible lending guidelines and will ensure they are as transparent as possible with the terms of the loan they can help you with. Our platform will show you the pre-approved offers available from them based on the details you provide us with.
The application form after clicking Apply Now will require a few personal details as well as information about the debt consolidation loan you’re looking for. Both the loan amount and repayment term wanted is required along with details about your current finances. With this information, we can then show you your pre-approved offers. We do this by performing a ‘soft search’ of your credit file which allows us to see your credit history. This will not show on your credit report and will not affect your current credit score. This is particularly helpful if you are a bad credit applicant as you can have peace of mind that your credit rating will not be impacted further.
Are You Eligible for a Debt Consolidation Loan?
Our eligibility criteria for debt consolidation loans is simple; we made sure it was this way so that we can help as many people as possible connect with lenders who can help. We can show you debt consolidation loans in the UK quickly and fairly, providing satisfaction for all applicants. You can apply for debt consolidation loans through LoanBird if you are:
At least 18 years of age
A current resident in the UK
Hold a UK bank account with a valid debit card
Receive a regular income
If you can easily meet the above, you can Apply Now and see in minutes your personalised offers from our panel of lenders. As part of your application and once you have chosen a lender, you will be required to provide supporting documents. This is normally proof of ID such as your passport or driving licence, as well as a separate proof of address document, such as a recent utility bill. The lender will also need to assess your finances and will do this by requesting your most recent bank statements. As there is no requirement to have a good or excellent credit score, it means we can help bad credit applicants. Providing your bank statements allows the lender to decide on what you can afford to pay based on your current income and outgoings. We recommend having these documents prepared and ready before you apply.
Apply Today & See Debt Consolidation Loans You’re Pre-Approved For!
To get started and see your eligible offers today, click Apply Now and begin your application. Within minutes you will see your pre-approved offers and can review the debt consolidation loans in the UK right for you.
Have any questions? Please browse our FAQs or alternatively contact us directly to speak to a member of the LoanBird team today. We are more than happy to answer any questions you have or provide further information if you require it.
Debt Consolidation Loan FAQs
Do I Need a Guarantor for a Debt Consolidation Loan?
There is no requirement to provide a named guarantor to apply for a debt consolidation loan through us. We can help you with guarantor loan lending if this is something you need instead, but we can help you with debt consolidation loans in the UK as a sole applicant. If you feel you have a bad credit rating and won’t be approved due to this, we may still be able to find a lender willing to help you without the need for a guarantor to co-sign. Whilst we cannot guarantee you will be successful with your application, it’s free to use our service to view any available offers.
What Happens if I Miss a Repayment on a Debt Consolidation Loan?
If after being approved for a debt consolidation loan you struggle to maintain repayments as per the credit agreement, you need to contact the lender directly. They will be able to come to an agreement with you on paying the arrears accrued. If you begin to miss repayments regularly due to a change in circumstances, you will need to discuss with the lender your current situation, ideally before payments begin to be missed. During your initial application, the lender will check your finances to ensure you can afford the debt consolidation loan repayments being offered. If you have fallen into financial difficulty, we recommend seeking impartial financial advice from the Citizens Advice Bureau or The Money Advice Service.
Do I Need to Have a Good Credit Rating to Apply for Debt Consolidation Loans?
We can help people from many different financial backgrounds to find the loan they are looking for at LoanBird. It is not a requirement that you need to have a good or excellent credit rating, as many of the applicants we have helped have had a poor or bad credit score. You will need to demonstrate your affordability to make repayments if you have bad credit, so having your most recent bank statements ready showing you can afford the loan will enhance your chances. As a broker, we connect you with the lenders you are eligible for and cannot guarantee they can accept your loan application past the pre-approval stage.
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