Debt Consolidation Loans
Having trouble paying debts to several different lenders? If you have several debts owed to different lenders all at different rates it can hard to keep track of and manage. A consolidation is an ideal solution since it merges all these debts into one simple monthly payment which has not only a single interest rate, but often a lower rate. A list of the most recommended consolidation loan lenders have been selected and featured here for your perusal.
Consolidation loans are much like personal loans, although usually with a low APR. The lender may want to ask for some information about your existing debts when applying. Smart Loans enable you to make the Smart choice when applying for a debt consolidation loan so you needn't incur unecessary penalties and such when consolidating your current debts.
| COMPANY | APR REPRESENTATIVE | LOAN AMOUNT | MIN TERM | MAX TERM | TERMS | SUITABLE FOR | SECURED | APPLY |
 |
15.2% | £1000-£15,000 | 12 Months | 60 Months | Note you must be employed or self empoyed to be eligible. Typical 15.2% APR. Wentworth Direct Finance loans are not available to persons under the age of 18. | All borrowers - even with bad credit history, been refused elsewhere, been blacklisted or have CCJs. | No | |
| Wentworth Direct offer a no-frills service. If you've been refused credit elsewhere, are a problem case, have been blacklisted, or have judgements or defaults against your name, you are still eligible for a loan. Borrow from £1,000 to £15,000 and fill out the online no-obligation application form. Type in the amount you want to borrow, the length of time you would like to repay the loan, and your current employment details (are you currently working, monthly income after tax etc). | AdvantagesAdvantages1. Excellent APR rate of 15.6% for a loan available to those with bad credit.
2. You can apply for a loan even if you have bad credit history.
3. Borrow from as little as £1,000 to £15,000. Disadvantages Disadvantages1. Maximum borrowing is £15,000. | |||||||
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48% | £500-£25,000 | Apply online to view | Apply online to view | Depends on loan type - fill in online form and you will be given your choices. | Those that have been refused by high street lenders and those suffering with credit difficulties such as CCJs, defaults or mortgage arrears. | Yes | |
| Yes Loans specialises in helping those previously refused by other companies and high street lenders. They can arrange unsecured loans for tenants, the self-employed and anybody with bad credit or credit difficulties such as CCJs, defaults or mortgage arrears. They even arrange loans for students, people living with their parents and even debt consolidation loans. | AdvantagesAdvantages1. Unsecured and secured loans available for any purpose.
2. Adverse and bad credit history accepted.
3. Get a loan evevn if you have had CCJs. Disadvantages Disadvantages1. Typical APR is high at 48% | |||||||
