Warning: Late repayment can cause you serious money problems. For help, go to MoneyAdviceService.org.uk

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Representative 305.9% APR. Representative example: £400 borrowed for 90 days. Total amount repayable is £561.92 in 3 monthly instalments of £187.31. Interest charged is £161.92, interest rate 161.9% pa (variable)
We are an Introducer Appointed Representative of Quint Group Limited, who are a credit broker not a lender. moneybolt Introduces customers to Monevo Ltd who are an Appointed Representative of Quint Group Ltd. for the purposes of obtaining a loan. LoanLoad does not provide any loan or consumer credit products directly.

Unsecured Loans

Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Loans subject to status. Over 18s only. Minimum loan amount may apply.
Rates from 4.5% APRC to 65.2% APRC are available – the highest rate is for customers with severe credit problems. Loans available from 1-25 years. TYPICAL 10.9% APRC variable

Why people choose us

Low Representative APR

APR takes into account the amount of interest that will be charged to you for borrowing a certain amount of money.

Fair, Fixed Interest Rates

We won’t try and fool you by luring you in on a low-interest rate only for it to change later.

Potential to Payoff Your Loan Early

Some lenders and brokers arrange loans with flexibility at the centre of what they do.

We can Arrange Loans up to £25,000

Apply today and the loan you are looking for could be arranged by our lenders or brokers within a few minutes.

Best Debt Consolidation Loans for People with Bad Credit

If you are struggling with debt – as many users are – you may be looking for a solution. First of all, you need a way to pay off your bills and get back on track financially. Debt consolidation loans for people with bad credit with no fees are one way to get out of debt. Yet you may be thinking where to look if you’ve been turned down by your bank or credit union. Before you go down the wrong road, take the time to know that there are choices for you. In addition, this is regardless of your credit background and financial condition. At the same time, the more you understand the differences between the many debt relief benefits, the more likely you are to make an intelligent decision and get on the road to financial independence.

Banks and Credit Unions

Many people hoping for debt consolidation loans with poor credit profiles contact their bank or credit union first. And while it makes sense to do business with a company that you previously know and believe in. You may also get frustrated if you get turned down for a loan. Because banks and credit unions offer a variety of conventional loans and other products they seem like a good choice. Hence they generally don’t cater to debt consolidation loans for people with bad credit.

Banks and credit unions often use a risk-based pricing model. Furthermore, the greater the risk they think you are, in terms of repaying the loan, the higher the interest. Therefore even if you get accepted for a loan, you could end up paying more in interest and fees. Rather than somebody with a greater creditor may get a better deal.

So whether you are accepted for a loan at a large interest rate, or you get turned down because of your credit. Keep in mind there is an abundance of other substitutes for debt consolidation loans for bad credit. Just continue doing your study and contact other lenders and debt relief companies before signing any paperwork.

Debt Consolidation Lenders

Direct lenders operate separately from banks and credit unions; they concentrate on offering debt consolidation loans for individuals with a poor reputation, as well as those with medium or greater credit profiles. Opting for a debt consolidation loan from this lender means that you are entering into a contract for the lender to pay off your remaining debts now. You will then have one loan – meaning just one monthly payment – owing to the lender, which you will pay back over a period of time. Debt consolidation loans typically use a risk-based pricing model identical to banks and credit unions, so the interest rate you pay is based on your credit and capacity to pay back the loan.

A reputable lender will offer two or three different debt consolidation loans for poor credit profiles. They understand a one-size-fits-all approach doesn’t take into account your particular financial situation. If you decide to work with a debt consolidation lender, make sure they show you different options, and that you are aware of how each works, how much you will pay every month, your interest rate and any fees, and how promptly you can pay off the loan.

Consumer Counselling Agencies

Nonprofit consumer credit counselling agencies offer options to debt consolidation loans for people with poor credit. They might be able to assist you to negotiate better interest rates with your current creditors or find another way to pay down your accounts. And they may sound like the best option available – work with a nonprofit agency that’s seeking out for your best interests, right?

Many individuals take for granted a consumer counselling company is the best choice, simply because the words “not-for-profit” imply an agency is helping consumers out of the goodness of its heart. But the only variation between a for-profit and non-profit debt relief company is that the non-profit does not pay taxes on the money made. This means that they may still charge fees for their services. It’s up to you to do your research to find a company that has a great record of success getting people out of debt the right way.

When making your homework, don’t let the non-profit status of a consumer credit counselling agency fool you into believing it’s the one and only or best alternative for obtaining out of debt. Between debt consolidation loans for poor credit profiles and the substitutes to conventional loans, you have a lot of options to enhance your financial condition.

Competitive Examples From Other Companies

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Loan term
1-5 years
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You will need to be over 18 and a UK resident with a valid UK address. You must also have a monthly income (from benefits or a job) and a UK bank account.

Warning: Late repayments can cause you serious money problems. For help, go to moneyadviceservice.org.uk

3 most recent personal loan reviews

Review of Avant

The online application is fast and efficient! I was hesitant about "linking in" to my online bank account......However this made the whole application process far quicker! I can honestly recommend Avant - especially if you are worried about being judged on any previous credit history problems......Avant didn't do that! Just a thorough and fair service with good APR.

Review posted by Trevor Donahue, Derry

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Lending Works

Seamless and fluent from application to funds available. Outstanding rate, not match-able anywhere! I can't recommend any higher! Thank you, greatly appreciated and very happy customer.

Review posted by Mark Phillips, Portchester

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money

Review of Zopa

I do have to say one of the best loan sites i have come across, they make everything so easy, with not very good credit history i did't think i had a chance but they accepted me and i can get my life back on track. Thank you again amigo loans.

Review posted by Wayne Crouch, Plymouth

  • Customer Service
  • Flexibility
  • Ease Of Use
  • Value For Money
All Reviews have been acquired from https://uk.trustpilot.com/ to guarantee authenticity.

MONEYBOLT IS A CREDIT BROKER AND NOT A LENDER. We pass your information to a lender once you have been accepted for a plan. We take a fee from the lender only, once you’re approved and we do not add charges to your plan in doing so.

YOU MUST MAKE ALL AGREED PAYMENTS TO AVOID LEGAL ACTION. If for any reason you will be unable to pay the agreed instalment then contact us immediately. Do not ignore the issue as a default payment will not solve itself.

NEVER BORROW MORE THAN YOU CAN AFFORD. Defaulting on payments can lead to serious and life changing financial issues. Make sure you only accept an agreement that is within your ability to repay.

MoneyBolt.co.uk is a registered trading style of Serpable Ltd, which is an Introducer Appointed Representative of Quint Group Limited and is entered on the financial services register under the reference number 780328. Quint Group Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register under reference number: 669450. Serpable Ltd is registered in England and Wales (Company number: 10699069), Registered Office, 17 Collingbourne Avenue, Bournemouth, Dorset. BH6 5QR.

Scam Alert – Beware of impersonators, we will NEVER EVER ask for upfront payments, transfer fees or vouchers to guarantee a loan