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Debt consolidation loans

With a debt consolidation loan, you could repay your debts at a lower rate over a longer period of time. At Little Loans you could apply for a debt consolidation loan up to £5,000 over a period of up to 36 months.

Before applying for a debt consolidation loan why not try our free eligibility checker to see your chances of being accepted

Debt consolidation loans explained

Debt consolidation loans are a popular option for people looking to better manage their money. Rather than having multiple repayments each month from different creditors, a debt consolidation loan allows you to manage your debts in one monthly payment.

Managing multiple debts can be frustrating. If you are to consolidate your debts, it makes your finances simpler.

Advantages of a debt consolidation loan

There are many advantages to debt consolidation loans. These range from making finances simpler by managing all your debts in one place to improving your credit score.

Having multiple debts at any one time can leave you with a bad credit rating. By consolidating your debts into one loan can actually go towards proving that you are managing your money more responsibly and in effect can help improve your credit score.

If you’d like more information on what affects your credit score and how to improve it – read our loans for bad credit guide.

  • You could reduce your monthly payments to a more manageable level
  • You could improve your credit rating by paying off your loan
  • You could reduce the amount of interest you pay

Whilst there are benefits to be had by consolidating your debts it’s worth noting that you may find yourself paying off your debts over a longer period of time. As a result, the total amount you pay back at the end of your agreement is likely to be higher.

How can Little Loans help?

We specialise in finding a loan for every type of customer – whether you have perfect credit, bad credit rating or looking for a debt consolidation loan. We’re here to help find the right lender to meet your needs.

You can apply for a debt consolidation loan online in minutes. Our eligibility checker provides you with a confidence rating that tells you the chances of being accepted – without any impact on your credit footprint.

Once you complete the online application we then compare debt consolidation loans for you and present you with the most suitable lender.

Our customers

Based on Feefo.com reviews - customers who left a loans review recommended Little Loans with an average rating of 4.1 out of 5, from 90 reviews (last updated 29/07/2016)

Independent Customer Feedback

I would definitely recommend this site. I have used it on two occasions in the last couple of years. Applied on my mobile phone which was really easy

By a Verified customer

How our site works?

Watch our 30 second video that explains just how Little Loans works.

Having problems with money?

It may be tempting to take out a quick loan as a solution to pay off mounting debts but it’s very important to make sure you can afford the repayments before apply for any type of credit whatsoever.

Mounting debts are not something you should ignore, especially if you are struggling to make the repayments. If this is the case for you then we highly recommend that you speak with someone about your financial difficulties.

There are many places that offer free advice to people in such situations. So visit one of the following websites for more information; Step Change, Citizens Advice Bureau and The National Debt Helpline.

Before applying for a debt consolidation loan why not try our free eligibility checker to see your chances of being accepted

Representative example: Amount of credit: £1200 for 18 months at £90.46 per month. Total amount repayable of £1628.28 Interest: £428.28. Interest rate: 49.9% pa (variable). 49.9% APR Representative.

We’re a fully regulated and authorised credit broker and not a lender.

Rates between 8.8% APR and Maximum 1698.1% APR - your no obligation quote and APR will be based on your personal circumstances - we compare small loans from over 40 lenders to get you the lowest APR possible for you. Loan term lengths from 3 to 36 months.

There are no fees for our service.