Irrespective of your purpose we provide loans that are affordable.
Welcome to Loan Store, the leading online lending store in the UK, helping the people with low credit score to meet out the quick cash needs on time. We offer tailor-made poor credit loans to help you have instant financial help at the least price, irrespective to your previous repayment record.
Bad credit loan is a not a type of a loan rather any loan that you take out when your credit history is poor is called a bad credit loan. You are likely to pay a bit higher interest rate than good credit borrowers, yet we assure you that you will get the loan at lower interest rates compared to other direct lenders.
Having a bad credit score is not a situation with choice, and we respect this aspect. Our loans are designed to help you consolidate all the debts and improve credit score, simultaneously.
A responsible lender always focuses on the borrowers’ overall financial situations and Loan Store is still following the same. We provide a significant benefit to our clients where they can apply for loans irrespective of their bad credit profiles.
We follow the unbiased lending approach and we welcome everyone to avail the benefit of our poor credit loans with no guarantor as an option. We go with the circumstances of the borrowers and help them in getting much needed assistance without wasting time in finding out a co-signer.
No worry about strict obligations because applying for loans here means easy funding access.
If you are 18 years old with UK citizenship, we at Loan Store invite you to avail all the benefits of low-cost loans despite having a bad credit score. The simple online loan application process takes just 2-3 minutes, and you get the response within minutes. In most cases, the funds are transferred into your accounts within one business day. Right, one product may not suit to all; therefore, you need the personalised offer.
Our highly experienced experts respect the diversity in financial needs, so our loans for low credit score set the best fit for your requirements. Yes, we need you to discuss your requirements in terms of amount and repayment period, repayment plans, earning scope, repayment capability etc. As being the prominent poor credit loans lender, we offer the best environment to make you feel in safe hands. Believe it, your desired among of funds is just a few clicks away.
As a responsible lender, we make all possible efforts to lend you money based on your affordability only. It is why we carefully analyse your income statement. You will get the loan based on your repayment capacity not what you quote. We suggest that you should make a budget before applying for the borrowing to know how much funds you could afford to borrow. It will prevent you from falling into debt.
After deciding to avail the loans for poor credit score to consolidate the existing loans and to simplify the repayment, the next concern is about the cost. The proper use of loan amount for the intended purpose is the key to serve the purpose at least price.
Never do overestimate your repayment capability just based on expectations; commit for repayment on the realistic ground. Better, you apply for the debt consolidation loans or poor credit loans for a more extended period; and, try to pay it at the earliest. Loan Store, your trustworthy friend, never charges extra for initial payments. Justapply for the quote for the loan and feel the difference of being with top direct lender in the UK.
Even though you have carefully analysed your repayment capacity before applying for the loan, you are likely to struggle to pay back the loan as a new, unexpected expenditure has popped up. In this situation, you should not flinch from your loan repayment. Instead, talk to us. We will help you by offering a few new repayment alternatives. Tell your financial situation genuinely and get a new deal that suits your budget.
The debt consolidation is a process to get a single loan to pay off all the smaller loans leaving you to pay just the one monthly installment rather than several installments at different interest rates. Managing the single installment payment on the time is easier.
The burden of multiple debts has clearly an impact on the credit score of the borrowers. In the UK, this has been a major problem especially for the last two to three years. Consequently, they have to struggle with poor credit score. In the need of a loan, approaching the mainstream lenders won’t be possible for them and that is why, we have emerged as the perfect alternative for them. Specific financial product has been framed that is based on the debt consolidation loans for bad credit people in the UK.
For these individuals, more or less, very short term but high interest debts are required to be consolidated. Those debts may include:
These are just a few examples, and there will inevitably be many such examples. People have the primary difficulty of paying high-interest rates on them and later, they struggle to manipulate over their debts.
At LoanStore, the primary purpose is to the decrease the overall interest levying on the debts so that the borrowers can easily manage them. With this, they will have to take out some amount every month from their salary that further disturbs their overall family budget. It is advisable here that it would be better if you opt for a more substantial amount towards debt in case you have large debts to pay off. It will help you to pay lesser interest rate because you are making high monthly instalments. Besides, you will have one more benefit that you can repay your debts as quickly as possible, and that is what your finances want from you.
Making things easier for you, especially in the situation of low credit score, is the responsibility that we are taking happily since our inception. If you want to have an experience of it, then avail our debt consolidation loans that we offer on no credit check policy.
Loan Store, a reliable direct lender, offers a single contact point to make the complete online process hassle-free. Poor credit loans for debt consolidation are highly cost-saver in most cases because when you get several loans from different sources, you pay a higher interest rate.Several loans mean you have to renew each deed for the next term; it costs you. We offer the online consultancy helping you decide right by getting the best deal to consolidate home loan, education loan, personal loan, and credit card balances etc.
Of course, yes. In modern times, it has become quite easy thanks to the direct lenders offering debt consolidation loans. You can merge all your pending dues into a single loan policy that will benefit you with less interest rates and single repayment to make.
If you want to do the task on an immediate basis then it would be better for you to approach the direct lenders. They accept only online application with minimum paperwork. With no credit check process, they can reduce the stress of being a bad credit holder. Thus, get funds and also a chance to improve credit scores.
You can get debt consolidation by cutting down all your loans and converting them to only one. Even your lender is permitting you to do so as it improves your credit score too. It can help you in repaying your pending dues. Once you have to handle only one loan, then automatically it becomes a big help.
You may face some challenges on the stair of getting debt consolidation loan with poor credit. The major thing to keep in your check list is the approval as some lenders can deny working with you, without any assurance. However, lenders like Loan Store watch on plenty of things not just your credit score. If your credit score is at low standard, there is a high chance of you getting qualified because they generally follow the no credit check policy. Merging the multiple debts will become easier for you and besides that, you can also improve your credit rating all of a sudden.
Yes, you can take out a debt consolidation loan despite a poor credit rating. Debt consolidation is a method to move some or all of your existing debts into the larger one. You will pay off the new debt only. However, due to poor credit rating, you will end up paying high rate of interest. You can get consolidation loans with poor credit at lower interest rates if you secure them.
Yes, it is possible to apply for a debt consolidation loan with poor credit is there. Many reliable direct lenders like LoanStore offer the personalised loan deals on these loans. In such deals, the approval does not decide on the credit status rather it is decided on the borrowers’ income status.
If you have the guarantor, then it is also fine but again this is not mandatory. Primarily, the current income scenario shows the repayment capacity and that further decides the interest rates and repayments.