If you’re confident you can stay on track until the loan is repaid, you shouldn’t run into any problems.
A debt consolidation loan could be for you if: One thing you may want to bear in mind is that, while your interest payments could reduce in the short term, you could still find yourself paying more back in total over a longer period.
For some, this is perhaps a price you’re happy to pay to make your finances easier and cheaper to manage on a monthly basis.
Is it a struggle to pay back what you owe on your store cards, credit cards, overdrafts or personal loans every month?
Here at Ocean Finance, we know how hard it is to juggle all your outgoings – not only debt repayments, but those essential day-to-day costs, too.
Unsecured loans: 49.9% APR Representative (variable). Ocean Finance is a trading style of Intelligent Lending limited.
We are a credit broker working with a panel of lenders to find you a personal loan.
This means it could be more difficult to get accepted for the best debt consolidation loans if your credit record is a little worse for wear.
Debt consolidation loans are just as safe as any other form of borrowing – if you stick to your repayments each month, of course.
Yes – it’s certainly possible that you’ll find loans to pay off debt with bad credit. Of course, not all lenders are willing to give you a loan if your credit history isn’t spotless – but that’s not the case for all lenders.
Our wide panel of trusted UK lenders gives you the best chance to find the best debt consolidation loans for poor credit.
Homeowner loans: Homeowner loans are secured against your property.