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Debt Consolidation Loans for Bad Credit UK

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  • Borrow £1,000 to £8,000
  • Repay over 12 to 60 months
  • Check eligibility with no impact on your credit score
Check my eligibility nowThis won't affect your credit score

Representative example: Amount of credit £2,000 for 24 months. Interest rate: 41.2% pa (fixed). 24 scheduled monthly payments of £123.64. Total amount payable: £2,967.43. Representative 49.9% APR.

Debt consolidation loans for bad credit in the UK with no guarantor

If you are managing credit cards, overdrafts or existing loans and your credit history is less than perfect, a debt consolidation loan could help you replace multiple repayments with one fixed monthly payment. For many people, that makes budgeting feel simpler and easier to stay on top of.

118 118 Money is a direct UK lender. If accepted, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months. You can also check your eligibility before you apply, so you can see whether you are likely to be accepted without affecting your credit score.

If you are specifically looking for a no-guarantor option, you can apply in your own name. There is no need to ask a friend or family member to guarantee the loan.

Check whether a debt consolidation loan could be right for you
Use the eligibility checker to see whether you are likely to be accepted before you apply.
Check my eligibilityThis won't affect your credit score
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Why people search for debt consolidation loans for bad credit with no guarantor

The goal is usually simple: make monthly repayments easier to manage, avoid involving someone else, and understand where you stand before making a full application.

One monthly repayment. Bringing several eligible debts together can make your monthly budget easier to follow and reduce the stress of multiple due dates.

No guarantor required. You can check eligibility in your own name without asking a friend or family member to back the application.

A softer first step. You can see whether you are likely to be accepted before you apply, with no impact on your credit score.

Built for less-than-perfect credit. 118 118 Money is designed for people whose credit history may not fit the criteria used by some mainstream lenders.

Know the trade-offs. Debt consolidation can simplify repayments, but if the term is longer or the rate is higher, you could pay more overall.

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3 simple steps to check for a debt consolidation loan

  • Check your eligibility with no impact to your credit score
  • Review your offer, set up your Direct Debit and sign
  • Receive funds in 15 minutes*
Check my eligibilityThis won't affect your credit score. *This can vary from 15 minutes to 2 hours depending on your bank.
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What to consider before applying

A debt consolidation loan is designed to replace several existing debts with one new loan. That can make monthly budgeting simpler, especially if your borrowing is spread across credit cards, store cards, overdrafts or other loans.

Before applying, compare the total cost of your current borrowing with the total cost of the new loan. A lower monthly repayment can feel more manageable, but if the repayment term is longer, or if the new borrowing is more expensive than your current debts, you could repay more overall.

It is also important to use the funds for the debts you planned to clear. If old balances remain open and are used again, you could end up with both the new loan and the old borrowing to manage. If you are struggling with debt, free and impartial guidance is available from MoneyHelper.

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Debt Consolidation Loan FAQs

It can be possible. 118 118 Money is a direct lender and looks beyond a single score, carrying out credit and affordability checks to understand whether the repayments are affordable for you. You do not need a guarantor to check your eligibility.

No. Our eligibility check lets you see whether you are likely to be accepted before you apply and it will not affect your credit score.

If accepted, you could borrow from £1,000 to £8,000 and repay over 12 to 60 months, depending on your circumstances.

No. 118 118 Money does not require a guarantor to check eligibility for an unsecured personal loan that could be used for debt consolidation.

Yes. If you repay over a longer period, or if the new borrowing is more expensive than your existing debts, the total amount repaid could be higher overall.

See whether you are likely to be accepted before you apply

Use the eligibility checker to look for a debt consolidation loan that fits your circumstances. It will not affect your credit score.

Check my eligibility
118 118 money helpers illustration
118 118 money helpers illustration

Credit is subject to status, affordability and credit checks. Credit is only available to UK residents aged 18 and over. Terms and conditions apply.