Besides, wouldn't you rather have one monthly bill with a lower interest rate and payment?Finding a debt consolidation loan for bad credit that offers low fixed rates and flexible payment options is possible with P2P Credit bad credit debt consolidation loans.Representative Example: The representative rate is 21.8% APR (variable) so if you borrow £10,500 over 10 months at a rate of 18.6% p.a (variable) plus an arrangement fee of £1,050.00 you will repay £201.91 per month & £24,229.06 in total. Guarantor must be a homeowner or a tenant, aged 18 to 75 years old and must pay if you don't.Representative Example: The representative rate is 52.26% APR (variable) so if you borrow £4,000 over 22 months at a rate of 26.82% p.a (fixed) plus an arrangement fee of £400 you will repay £271.26 per month & £5,967.70 in total. Buddy Loans are the new, friendly guarantor lender.You have a mound of debt and you’re not sure how to repay it.
Having less than perfect credit shouldn't stop you from receiving the benefits of consolidating your debts.
They allow people with bad credit and overwhelming debt to consolidate their debts into one easy loan.
This means that instead of paying multiple credit repayments each month, an individual with bad credit can simply pay one monthly repayment, giving them more financial control and a heightened ability to pay back their debts.
Even better, debt consolidation bad credit loans could allow you to secure a lower interest rate than the combined rates of your current debts.
This has the potential to save you hundreds of dollars each month!