Having multiple debts is a common issue in the UK. People have been facing various crunches i.e. unemployment high expenditures, and lower income levels since Brexit. They are left with no good alternatives except borrowing funds. Availing too many funding options is not healthy in itself. It is a big trap. Sometimes you don’t remember various due dates or unable to make full repayments. It leads to penalties and hence extra burden. This way you may go bankrupt one day. Therefore, merge your total liabilities today by availing the best deal on debt consolidation loans for bad credit and make your life simple and hassle-free.
Let me discuss top 6 facts related to these funds:
Fact 1 #Debt Consolidation Funds are Perfectly Legitimate
Numerous debt consolidation deals are available online, but still some of the funding aspirants feel apprehensive to apply. They are not convinced about the legality of these funds. However, the fact is FCA has given approval to all certified lenders to offer such innovative financing solutions in the UK. You can avail them without worrying about any untoward experience. However, it is advisable to get these funds from genuine and reliable direct lenders only.
Fact 2 #Let You Save Money on Total Interest
Your current small loans may have high APR and you can save a lot of pounds in the long run by closing them. Various lenders offer debt consolidation loans in the UK at much lower rates. In addition, there are no processing or upfront charges. So, you save a lot of money by availing these funds. Pick any of the cheapest deal and say goodbye to multiple financial liabilities. Don’t forget to clear pending credit card bills.
Fact 3 # No Tough Eligibility Criteria
Unlike traditional banks and other financial institutions, online direct lending companies don’t create a fuss around the eligibility criteria. Most of them have formulated basic ones. An applicant has to be just 18-75 years old and a resident in the UK. That’s it! No socio-background screening and no credit check. Even you don’t have to submit the address or identity proof with the online application.
Fact 4 #Easy Debt Consolidation Loans for Unemployed
No situation can be as bad as when you have multiple financial liabilities on your head and your company fires you from the job. It is disheartening as well as troubling. But you don’t need to worry as you can easily avail guaranteed loans for unemployed and manage your daily expenses plus clear all financial burdens.
Fact 5 #Feasible Financing Options for Bad Credit
Debt consolidation loans for bad credit are highly beneficial for people with zero or poor or not so perfect credit scores. You can gain control of finances plus improve your credit score by making timely repayments. Thousands of viable, legitimate and affordable deals are available online on easy terms. You just need to fill your basic details and wait for a few hours to get the required funds.
Fact 6 #Merge Debts without Giving Security
If you think you have to give your home as security to borrow a large amount of money then you are wrong. Whether you need to borrow £15000 or £45000, no direct lender asks you to submit the guarantee against the debt consolidation loan for poor credit. In sum, you are able to clear the multiple debt mess without taking any risk.
Once you clear all financial liabilities by availing these funds, you need to make monthly realistic budgets so that you will not face the same situation again in the future. Start saving money in the contingency fund. It would help you to manage unexpected expenses.