Debt consolidation loans to clear all the financial mess in one go

Scattered obligations can never let the financial relief stay for long in your life. So many instalments and on different, volatile interest rates. It is necessary to discipline them all to control the damage they can cause. Nothing can be more efficient for this purpose than debt consolidation loans. They are like the accumulators of money muddle that you fail to handle. All the debts are gathered in one big loan and in the place of making multiple repayments you pay one instalment on a fixed rate. Above all, there is no guarantor or collateral to achieve acceptance on loan application. From all the aspects, it is a fair deal. The least and last amount you can borrow is £1000 and £15000.

The types of debts that these loans cover are unsecured debts like -

  • Medical bills
  • Personal loans
  • Credit card payments
  • Short-term education loans
  • Utility bills
  • Overdrafts
  • Tax arrears
  • Auto loans etc.

The list can be extended according to the type and nature of the debts you owe. You will find Everyone Loan UK right there irrespective of the feature debt. We cover every possible financial commitment that can come under the treatment of debt consolidation. Let us know what annoys you, and we are sure to present the right type of loan deal as the solution.

Did you know? Debt consolidation is different from debt management

Most of the borrowers mix debt consolidation and debt management in meaning. However, both are entirely different and are dissimilar in purpose.

Debt consolidation – It is a financial product that gathers all your debts to transform into one loan and one instalment on a fixed rate. Its purpose is to tackle the clutter of multiple debts.

Debt management - It is for those who fail to pay all the debts at the month-end due to insufficient funds. In this case, a person makes payment agreements with the creditors to either pay off the debt at a later or asks to write it off.

An immediate benefit extends to your credit score performance

It is common to confront the threat of a bad credit situation when you have many debts to pay. In such circumstances, attainment of financial assistance becomes difficult as traditional financial services act reluctant towards you. At this time, it becomes necessary to find an alternative, which can deal with such situations. Here again, we come with our lucrative deals of debt consolidation loans for bad credit as a direct lender to turn impossible into possible. Get all your pending obligations in one debt despite poor credit rating.

Conditions to apply and avail with low rating

With complete respect to lending ethics, we follow certain situations to help you even better. You fulfil them and leave rest on us.

  • Prove your repayment capacity through salary slip, bank statement, additional income etc.
  • Show the job stability proof through the appointment letter of the current income.
  • Present the required documents if your financial mess happened due to some unfortunate incident. For example - Medical emergency that derailed finances, moving to a new city due to a natural calamity etc.

All our formalities aim to provide the best possible services to the borrower. Your cooperation in this part helps us do things faster.

How does debt consolidation affect your credit rating?

A wide range of exciting deals is available, and at Everyone Loan UK, we are always there to allow you to shop those deals. Our lending services send immediate financial assistance without any flaws.

The improvement in the credit scores can only come through proper repayments, and the loans help in this scenario. You just need to make a single monthly repayment of the loan at the right time. It will give a chance of making necessary amendments into your financial profile.

In your way to control the increasing debts, the debt consolidation loans for bad credit people are indeed the vital financial source because they help you in paying off your bills and getting your financial life back on track. Banks or some finance agencies are generally unwilling to give loan to the people with low credit option. This is the reason why borrowers prefer direct lenders to have a positive impact on their credit scores.

By the way, we also serve beyond employment status

Job loss is a big incident of life and its first impact shows on finances. The challenge of multiple debts takes monstrous form if unemployment accompanies it. It is a happy thing to convey that here also we can help you with our borrowing offers for consolidation through loans for unemployed. Immediate support is assured here too.

You need to go through a simple process of formalities and this time we have the following –

Income proof from the last employer
Bank statements
Any source of earning after a job loss to prove the repayment capacity
Offer letter of the new job (if you have attained)

During the intense financial stress, reducing your debts delivers immense relief. If you are going through this trauma, keep no second thought on our efficiency to assist you.

No chaos of credit check

Whether you have a bad credit situation or have no job, both the cases are not friendly to credit check procedures. Being a disciple of advanced approach, more essential for us is your capacity to payback. To judge that we ask you to provide several documents, and this nullifies the presence of a hard credit check. Through soft credit score perusal that is popular as no credit check, our professionals take just an idea of the financial situation of the applicant.

Get one rollover on repayments

Yes that is true and already in implementation. In case you fail to pay the instalments even after consolidation, we give a second chance to pay the debt. Let us know if you are not feeling in tune with the repayment schedule and think that delay in payments may happen again. In a friendly meeting or conversation over call, new schedules can be discussed. Once the mutual consent occurs, the instalment plan with the due change will apply.

Already the policies on repayments are flexible, and the rollover makes them even more convenient.

Features we apply on the deals to foster borrower-friendly deals -

Debt consolidation tailors not only your today but also tomorrow and for that, the loan deals are necessary to be backed with the following features.

  • Consolidation of debts with competitive interest rates
  • Personalised loan deals according to the financial capacity of the borrower
  • Online loan application with an instant approval decision
  • Early financial solution with effective lending policies.

Once you opt for our lending service, it will be a unique experience for you that will ensure fruitful results for your financial interests.

Paying the interest charges of multiple debts increases a lot of burden on you and managing them from your the regular. Still, limited monthly income would be difficult, whereas a better debt management will helps you to solve your financial problems early. EveryoneLoan UK, being a responsible credit lender in the UK, maintains expertise on debt consolidation loans with no credit check to help the applicant avoid search footprint. The deals are arranged on the competitive APRs and flexible repayment terms.

What are the Advantages of Debt Consolidation Loans?

The financial assistance that you get is somewhat necessary to ease the financial stress that you bear for a long time. There are many such advantages of applying for debt consolidation loans:

  • The biggest one is that you can avail money at quite a low rate of interest as compared to the multiple debts. Effortlessly manage the interest from your regular monthly income, and that will indeed lighten the financial burden.
  • When you have several debts to clear off, you cannot have a sigh of relief. It can come only through paying the debt sooner, and that is what the loans bring for you. Make all the pending amounts clear and live a financially contented life.
  • In most of the times, the direct lenders can provide debt consolidation loans on an instant decision because the application method is based online and without following too many formalities.

You must have imagined a financially peaceful life, but circumstances oblige to sacrifice many desires. At EveryoneLoan UK, we reduce all the chances of any compromise in your aspirations because you can find the loan deals, which are made for you.

Debt Consolidation Loans FAQs

Can an unemployed person get Debt Consolidation Loan?

Of course, yes. A person, who has lost the job and for quite a few days not having any job, have to face the problem of having multiple debts. By getting the personalised offers like these unemployed debt consolidation loans, they can actually get their finances back on track.

Can I get a debt consolidation loan with poor credit?

Just like we offer equal financial assistance to the unemployed individuals, we are also concerned with the financial interests of the people with poor credit score. We provide them fully customised lending options so that they cannot only secure funds but also improve their credit rating.

Is it best to consolidate debt with loan?

Sometimes, events occur when you cannot pay off your entire debts largely because paying separate interest rates or late payment charges would not be possible. If you apply for the debt consolidation loans, it becomes easier for you to merge them all and pay only one interest rate.

Does debt consolidation ruin your credit?

Well, it can be or it can be not. Until and unless, if you are getting a perfect deal on the loans for debt consolidation, then it will be fine for you. But otherwise, your debts post a severe impact on your credit score and there may be a chance that you enter into the list of very bad credit score. Everyone Loan UK does feel you better by providing bespoke offers on these loans so that you can easily manage your debts.

How can I get debt relief with bad credit?

The best way to get the debt relief despite having a bad credit score is applying for the loans. Yes, this is the best way because you don't have to reveal your financial condition to any of your near ones and you can get a peace of mind with having only one loan with no impact of past credit score.

How do I qualify for a debt consolidation loan?

Qualifying for the loans is not a difficult task especially when you have the right assistance of Everyone Loan UK. We have put quite a simple approach in terms of eligibility criteria and application procedure. However, for qualifying the loan, you have to fulfil these conditions:

  • You should be above 18 years of age
  • You must be earning a good income (to ensure the repayments)
  • Only UK citizens can apply
  • A valid bank account in the UK