Getting Your Finances Back On Track With A Debt Consolidation Loan

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Getting Your Finances Back On Track With A Debt Consolidation Loan

Getting You Finances in Order Mange Your Money Responsibly

Having multiple debts to repay at the end of each month can be expensive and tiresome to sort out. Ensuring that you have enough money in your bank account to cover these amounts can also be a worry especially if your circumstances have changed, in terms of home life or employment. If you are in this position and need a solution to manage your finances, it maybe that debt consolidation loans are a good option for you.

Being approved for a Debt consolidation loan, will allow you to pay off the balances on your existing debts, leaving you with just one manageable monthly payment each month. This can provide financial structure and often comes as a relief to those that may have started to worry about their debts. It can also help those that are looking to budget and save money at the end of each month, as loans of this nature often come with interest rates that are lower than the current rates that you’re repaying on different debts.

To find out if you’re eligible to consolidate your loan, it is advised to find out what your current credit rating is. If it is good, then you should have no trouble in being approved for a debt consolidation loan by most lenders. However if it is fairing on the bad side, due to missed repayments on current debts, you will be limited in the amount of lenders that may consider lending to you, and if they do you will have to pay higher interest rates.

Applying with the former lenders with a bad credit rating will only lead to disappointment as you will be declined – this will also further impact your credit rating. Therefore it is imperative that you only apply with lenders that specifically advertise that they are willing to accept loan applications from those with a bad credit rating. Using the search term ‘bad credit loans‘ in Google brings a whole host of loan companies, that offer different consolidating debt loans at differing rates.

It’s important to research the company that you are wishing to apply with, this can be done via websites such as Review centre or looking on other finance forums such as Money Supermarket. Once you have carried out your research and found the most reputable loan company you can then apply. Note that any reputable loan company that specialises in bad credit customers has a duty to lend to you responsibly, therefore you could still be declined if the bad credit loan company determine that a debt consolidation loan isn’t right for you and offer alternatives that do not involve taking out further finance.

 

PLEASE THINK CAREFULLY BEFORE SECURING LOANS AND OTHER DEBTS AGAINST YOUR HOME.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.
ALL RATES VARY SUBJECT TO LOAN AMOUNT, LOAN TYPE AND STATUS.
REPAYING YOUR DEBT OVER A LONGER PERIOD OF TIME MAY INCREASE THE AMOUNT YOU PAY.
WARNING – LATE REPAYMENTS CAN CAUSE YOU SERIOUS MONEY PROBLEMS.

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THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK.

PLEASE THINK CAREFULLY BEFORE SECURING LOANS AND OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. SECURITY MAYBE REQUIRED.
ALL LOANS ARE SUBJECT TO AN ASSESSMENT AND CREDIT APPROVAL.
ALL RATES VARY SUBJECT TO LOAN AMOUNT, LOAN TYPE AND STATUS.
REPAYING YOUR DEBT OVER A LONGER PERIOD OF TIME MAY INCREASE THE AMOUNT YOU PAY.
WARNING – LATE OR MISSED PAYMENTS CAN CAUSE YOU SERIOUS MONEY PROBLEMS AND COULD SERIOUSLY AFFECT YOUR CREDIT RATING. FOR HELP GO TO MONEYADVICESERVICE.ORG.UK.

EASY LOANS COMPANY ACT AS A BROKER PROCESSING THE INFORMATION THAT YOU PROVIDE TO US AND PASS THIS ON TO OUR LIMITED GROUP OF THIRD PARTY LENDERS AND BROKERS.
WE DO NOT CHARGE A BORROWERS FEE FOR THE USE OF OUR BROKERAGE SERVICES, HOWEVER WE DO RECEIVE COMMISSION FROM LENDERS (OR OTHER BROKERS) WHEN BORROWERS SIGN INTO A CREDIT AGREEMENT FOLLOWING AN INTRODUCTION THROUGH THE EASY LOANS COMPANY WEBSITE.
IN THE CASE OF SECURED LOANS THE FEE RECEIVED MAY BE UP TO 7%. TELEPHONE CALLS FROM UK LAND-LINES ARE USUALLY FREE, HOWEVER CHARGES VARY FROM MOBILE PHONES SO PLEASE CHECK WITH YOUR NETWORK PROVIDER. CALLS MAY BE RECORDED FOR TRAINING AND MONITORING PURPOSES.
AS OPERATOR OF THIS WEBSITE, EASY LOANS COMPANY IS NOT AN AGENT OR REPRESENTATIVE OF CONSUMERS OR ANY LENDERS AND THEREFORE DOES NOT ENDORSE THE SERVICES OFFERED BY SPECIFIC LENDERS.
THE GUIDANCE AND/OR ADVICE CONTAINED WITHIN THE WEBSITE IS SUBJECT TO UK REGULATORY REGIME AND IS THEREFORE PRIMARILY TARGETED AT CUSTOMERS IN THE UK. FOR MORE INFORMATION ON HOW WE HANDLE YOUR DATA SEE OUR PRIVACY POLICY [ *FOR FURTHER DETAILS ABOUT EASY LOANS COMPANY SEE OURTERMS AND CONDITIONS

Easy Loans Company is a registered Trading Name of Nationwide Direct Financial Limited which is an Introducer Appointed Representative of Quint Group Limited, and is entered on the Financial Services Register under reference number 723650. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Nationwide Direct Financial Limited is registered in England and Wales (Company number 05999918), Registered Office; 84 Princess Street, Manchester House, Manchester, M1 6NG. Licenced by the Information Commissioners Office, (registration number Z9808421).

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