With so many financial obligations, it is challenging to pay many instalments, especially at different interest rates. Then delay in payments happens, and credit score degrades, creating a bad credit situation. Before all this mess, through debt consolidation loans in the UK, you can change the picture.
These loans accumulate all the debts into one big loan to one monthly instalment at a fixed rate. Due to this, the borrower gets freedom from making many separate repayments; also, the prevention of unstable prices gives a huge relief. This is the basic definition and nature of this loan, and you can find this saviour easily online.
HugeLoanLender facilitates that through simple, smooth formalities. It is very natural that due to countless desires, you obtain varied financial opportunities. When they multiply in number, it becomes difficult to manage them, and as a result, multiple debts happen. We can help you maintain them all and lighten your financial burden.
As the tool for gathering the scattered repayments, the consolidation of debts plays an important, irreplaceable role. We merge all your financial commitments into one loan to end all the chaos.
With a simple procedure of personal loans for debt consolidation, it becomes possible to trim off the additional costs you are paying on your debts in the form of volatile interest rates.
The applying procedure is straightforward and does not include anything bulky in the name of documentation or formality. Here are the three basic steps –
The debt consolidation loans eligibility criterion compliments the simple procedure. Four things you need to apply for the loan are -
An important note: HugeLoanLender follows a flexible lending policy. Thus, we accept the loan application on part-time income too. It gives you a clear advantage of getting almost guaranteed debt consolidation loans on any income source.
When you approach a responsible direct lender like us, you aspire for many things to fulfil. Indeed, the biggest of them is to get the best debt consolidation loans in the UK. If your application is strong enough to meet all the criteria, you will get the most suitable deal to solve the financial mess.
Once you get the desired funds on the same day, you can cover several expenses through the loans for debt consolidation and find more space in your finance:-
As you can see, almost every sort of debt can be eliminated with our bespoke loan deals. Still, HugeLoanLender is a firm that offers only affordable loan deals. It means you will get the loan offer according to your repayment capacity. We will not suggest you borrow more than your financial needs.
Note – We also cover any existing debt consolidation loan. If only small debts are there, the process takes only a few hours, and if the long-term debt is also there, one working day will take.
Yes, your attainment of the loan has nothing to do with the credit score status as it is designed to help people in the money mess. Many people get into a poor credit situation and then seek help through the consolidation of pending debts. It is an escape window if your creditworthiness is draining due to multiple pending payments.
We are the responsible private lender in the UK and offer debt consolidation loans for bad credit with no guarantor needed. We offer these loans not based on the past credit mistakes of the borrowers but on how you are performing in the current scenario.
The debt consolidation loan may have the size of £10K pound loans or £3K pound loans in the UK, depending on your current outstanding dues, we will see if you can still pay down the debt on time.
Suppose you are earning well and maintaining a satisfactory financial commitment to paying all the bills on time. In that case, we are ready with debt consolidation loans for bad credit, even if you are a non-homeowner.
The few required conditions to get approval are -
The factor of repayment capacity is so strong that through it, you can get bad credit debt consolidation loans. We follow a soft credit check policy and do not deny the loan application because you have a poor credit history. Unlike other direct lenders, we approve your loan application on your earning capacity.
We accept financial reports from all the three credit reference agencies
– Experian, Call Credit, Equifax
To ensure maximum flexibility, we receive the reports from all the credit reference agencies. All of them have different parameters for assigning the rating. Unlike other names in the industry, we say yes to all. In case we consider only one of them, many deserving candidates may miss qualifying for the loan. The reason is, in one agency, if you are a fair credit scorer, in the other agency, you can be a bad credit score with the same rating.
Our prime focus remains not only on the credit score but on the repayment capacity. If it is fine and in the right situation, then the approval happens conveniently. Through soft credit checks, we make a harmless inquiry about your payment history and credit records. In short, you are availing of debt consolidation loans for poor credit from us is not difficult.
Personal loans fulfil almost every financial aspiration, and consolidating debts is indeed one of them. The best part is that, like personal loans, you have the opportunity to apply for secured debt consolidation loans and unsecured debt consolidation loans.
To provide short-term as well as long-term assistance, we offer both types. It means you can apply for instant 12 month loans in the UK, 24 month loans and 36 month online loans in the UK.
Here also, a low credit rating is not a barrier. Whether you apply for secured or unsecured debt consolidation loans for bad credit, we offer both.
Here is the difference that you see between the two -
Secured Vs Unsecured Debt Consolidation loans
| Secured Debt Consolidation | Unsecured Debt Consolidation |
|---|---|
| Collateral is required | Neither collateral nor guarantor required |
| The loan amount limit is bigger | The loan amount is small in minimum and maximum |
| ‘Long-term debt consolidation loan’ is another name | Also known as the ‘personal loan.’ |
| Disbursal may take one or two working days due to the procedure on the collateral part | Same day disbursal is possible if the repayment capacity is strong |
One common thing that relates to both types is the feature of the real-time approval decision. You get secured as well as unsecured debt consolidation loans on instant decision. No time waste, assistance at the right time!!
When it comes to borrowing, most people prefer to approach traditional lenders. There is nothing wrong because they are the primary lending institutions, for example, Lloyd’s debt consolidation loans and Santander debt consolidation loans.
With time, the hefty documentation process of these lenders is sometimes not suitable for getting the instant fund disbursal.
Direct lending has come as an alternative to mainstream lending. The unique feature that it provides is the 100% online procedure. Yes, everything is offered on the digital platform, making things easier for the borrowers.
Here are the significant advantages that online lenders like us bring with their loan deals:
HugeLoanLender commits to delivering uncompromised financial services and ensuring the best standards to facilitate the best borrowing experience. Fortunately, we have been doing that for a long and will continue the same forever.