Debt Consolidation Loans for Bad Credit UK

If you’re not lucky enough to own your property, you need less money, or you simply don’t like the idea of putting your home at risk, an unsecured loan could be an option. You might also see this described as a personal loan. As the name suggests, this isn’t secured to anything except you and eligibility is based purely your credit score and financial situation. For this reason, they are accessible to more people, but it can mean that a patchy credit history could hinder your chances of being accepted (although not necessarily with us).

A secured loan is one that’s ‘secured’ to the equity you have in your property, and for this reason is only available to homeowners. As with any type of credit, sticking to your repayments is essential but you should also be aware that with a secured loan your home could be at risk of repossession if you don’t.

Personal loans: Ocean Finance is a trading style of Intelligent Lending limited. We are a credit broker working with a panel of lenders to find you a personal loan.

Homeowner loans: Homeowner loans are secured against your property. We are a broker and we arrange secured loans from a panel of lenders. We receive commission upon completion. Any quote is inclusive of the Broker Fee and all associated costs which is calculated as 12% of the net loan amount, capped at a maximum of £3,995. Loans are subject to status, and the rate you are offered may change based on your individual circumstances.