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Debt consolidation loans

Did you know that you could be eligible for a short term loan even with a bad credit history?

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.

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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.

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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 rating.

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

Related links

Short term loans

If you’re looking for a short term loan but need more information before making a decision, read our guide to short term loans.

Guide to short term loans

Loans for bad credit

If you're worried about having a bad credit history, why not read our guide on bad credit loans which includes five quick tips to improving your credit score

Guide to debt consolidation loans