If you have a bad credit history, then you may need to apply for a bad credit loan. There are a number of lenders that cater specifically for people with bad credit. They are known as subprime lenders and typically have very high annual percentage rates (APRs) but can often provide you with the product you require.
Often if you are looking for a bad credit loan in order to consolidate your debts, another solution may be more appropriate. There are cheaper alternatives that effectively do the same job as a bad credit consolidation loan. These include financial management plans, individual voluntary arrangements and trust deeds (for Scottish residents).
Here at TheDebtLine, we can provide everything from bad credit loans to debt management. We will use our expertise to determine what the most beneficial solution is for you and provide you with that product in the most efficient and cost effective manner. If you want to talk to one of our highly experienced and friendly advisors, you can call 08000 122 118 or apply online.
"Initially I applied for a loan to consolidate my debts. However, after speaking to one of your advisors, it became clear that a far better solution would be to go on one of your financial management plans...
Everything was made so simple and the continual support and advice you have provided from my initial enquiry and whilst on my financial management plan has resulted in my debts nearly being clear now! I can't thank you enough for your help."
Janet N, Birmingham
