Consolidating two auto loans
Yes, you may still be able to get a debt consolidation loan if you have bad credit.A debt consolidation loan lets you pay off existing debt by transferring it to a single loan, with one monthly repayment.Apply now Representative 9.9% APR Variable Rates from 2.8% APR Representative example: A £5,000 loan over 60 months at 9.9% APR will cost £104.95 a month. Quick and easy - With one application the shopping around is done for you. If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay.We’ve hand-picked 14 trusted lenders to find the best loan and rate for your circumstances. This personal debt consolidation calculator is designed to help determine whether debt consolidation is right, in which case personal loans could be worth exploring.Enter the credit cards, auto loans and other installment loans balances by clicking on the "Enter Data" button for each category.Lower Interest Rates It only makes sense to seek a combination loan if you can secure one at a lower annual percentage rate (APR) than the existing loans.This usually happens when your credit score changes dramatically or when the national interest rates have dropped significantly.
This information may help you analyze your financial needs.
Applicant and guarantor's income must be £1,000 or greater per calendar month. Guarantor must be a homeowner, or a tenant with an exceptional credit history, aged 18 to 75 years old. Borrow up to £10,000 with no fees and a friendly service. Guarantor must be a homeowner, or a tenant with a good credit history, aged over 18 years old. UK credit is a specialist no fee guarantor loan provider, they can lend to you even if your guarantor is not a home owner.
Guarantor must be a homeowner aged 18 to 75 years old. Buddy Loans are the new, friendly guarantor lender.
Most lenders check your credit record when you apply for a loan, but some are still willing to consider your application even if you have had problems managing your finances in the past.
However, if the lender thinks you are a riskier borrower because you have poor credit, you may find that: You can use this comparison to search for loans that can be used for debt consolidation from regulated lenders.
Combining car loans is an option for individuals or families that have more than one auto loan in the household.