What are bad credit debt consolidation loans
In the simplest terms, a debt consolidation loan would be used to pay off your existing debts and transfer the amount owed into a single loan with one manageable monthly repayment.
When you’re finding it difficult to keep up with repayments on several different debts, it can be incredibly hard to stay on top of them all.
Missing payments on a credit or store card bill can have an impact on both your day-to-day finances and credit rating.
A debt consolidation loan for bad credit could help you regain control of your finances and provide peace of mind.
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What are the considerations of a debt consolidation loan?
There are some things you need to consider before taking out a debt consolidation loan:
- Your debt may run over a longer period.
- The total amount you repay in many cases will likely increase.
- You won’t have as much flexibility negotiating your monthly payments if your circumstances change.
- A debt consolidation loan with Evolution Money uses your property as security for the loan you want to obtain. You need to be able to afford the repayments through your regular income, as you risk losing your home if you don’t keep up the repayments.
Secured Loans for Debt Consolidation
You pay one bill. Then, in no time at all, the next arrives. Then the next. Then the next. It’s a familiar story to anyone juggling multiple debt repayments, with each one owed to a different party with their own terms.
It doesn’t have to be that way. By consolidating your debts into one affordable monthly payment, we could help you stay on top of your finances. With loans for debt consolidation with bad credit, you can start to build your way back to financial stability.
We’ll help you find terms to suit your circumstances and a debt consolidation loan that could help simplify your repayment schedule.
We look way beyond your credit score and assess your application based on your unique circumstances. That means we could be able to provide debt consolidation loans for bad credit applicants who’ve been turned down in the past.
If you're looking to obtain credit, our secured loans can be used for a range of purposes
Carry out home improvements a great way to invest back into your property 
Bigger personal items such as cars can be financed using a secured loan 
Even if you have bad credit we could still help you with a loan Our debt consolidation loans for bad credit can make your monthly repayments easier to manage
- Use the funds to pay off multiple debts to other parties
- Bring your outstanding debts together for one straightforward monthly repayment
- Deal with a single set of terms with full transparency from the get-go
- There will be a Personal Account Manager to provide support at every step
Ready to take the next step?
Give us a quick call on 0161 814 9158 or click the button below to talk through your loan needs and get a no obligation quote from our qualified loan advisors at Evolution Money.
Think carefully before securing debts against your home your home may be repossessed if you do not keep up repayments on your mortgage or any other loan secured against it. If you are thinking of consolidating existing borrowing, you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.
