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Barclays Debt Consolidation Loans

If you find that your debts are starting to mount, you may want to consider ways of paying them off that give you peace of mind. One of these methods is a debt consolidation loan and there are a number of lenders available who will offer the cash you need to cover your repayments. However, knowing where to start looking for the ideal solution can be overwhelming, but Debt Consolidation Loans are here to help. We are a consolidation broker service with a large panel of lenders, but we believe in offering you as much financial information as possible to help you find the ideal solutions for your needs. On this page, we will be discussing Barclays Bank debt consolidation loans, how their loans work, and the Barclays debt consolidation interest rates. That way, you will be able to see whether this is a good option for you.

  • DCL have years of experience in the finance industry
  • Large panel of consolidation loans lenders
  • Personal approach to application reviews
  • Easy online application process
  • Bad credit applications considered
  • FCA authorised, responsible broker service
A bank worker explains to a young couple about Barclays bank debt consolidation loans

With our service, we take the time to personally check each application for affordability, then select one of our trusted lenders as the best solution for you. This means that we do all of the hard work for you, finding and comparing the best deals as quickly as we can. Once we have found the best consolidation solution to suit your requirements, the lender will contact you to finalise your application.

If you are ready to start your application, simply apply online and our team will begin reviewing your affordability to reach a lending decision.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

What Is Barclays Debt Consolidation?

Barclays has been a trusted banking service for hundreds of years, so it is no surprise that they are dedicated to providing the best solutions to help people feel optimistic about their financial future. They provide a range of financial products, including overdrafts and mortgages, as well as Barclays debt consolidation loans. With these personal loans for consolidation, you can borrow the exact amount of money you need to cover your existing repayments, allowing you to potentially repay quicker and owe money back to a single lender. They can also help you to know upfront how much you will be paying back each month, and offer you peace of mind about your finances.

Barclays Bank Debt Consolidation Loan Rates & Terms

Barclays offer a rate of 7.9% APR representative on loans from £7,500 to £15,000 for terms between 24 to 60 months, but they may provide other amounts, depending on your circumstances. However, their rate will depend on the amount you want to borrow and the repayment term you choose. The minimum APR is 7.3% and the maximum is 20.9%, so we recommend using their online loan calculator to find out how much the rates fluctuate depending on the amount of money you want to borrow.

The loans to consolidate debt with Barclays are available to UK residents aged 18 and over, but you must have an existing Barclays or Barclaycard account. However, we offer our bad credit debt consolidation broker services to people aged 21 and over, as we want to protect those who are too young, and do not require you to have an account with a specific bank. This means that you can be with any provider, and we still might be able to help.

Why debt consolidation?

  • Improve your monthly budget
    A debt consolidation loan will enable you to group all your existing borrowing and the monthly repayments are easier to manage.
  • Reduced overall repayments
    A debt consolidation loan could even save you money each month if the interest rate is less than the combined total interest of the previous loans.
  • Improved credit rating
    The simplicity of repaying a debt consolidation loan means that you are more likely to repay the debt on time every month. This will prove you to be a responsible borrower, which will have a positive effect on your credit score.

 

How Do You Apply For Barclays Debt Consolidation?

There are several ways that you can apply for a loan to consolidate debt with Barclays. If you are unable to visit your local branch, you can apply online or use their handy app. This means that no matter where you are and whatever the situation is, you should be able to apply for a Barclays debt consolidation loan. However, this bank uses automated responses to give you an instant lending decision, which could result in you receiving the money you need fairly quickly.

While an instant lending decision may save time and provide you with the money when you need it the most, it might mean that you may not be able to apply if you have bad credit. We take a personal approach when checking applications, which may take a little longer, but it allows us to consider people from a range of circumstances. This means that we may be able to help people with a low credit rating, past arrears, or CCJs, as well as spot any mistakes on your application that could have possibly prevented an instant decision lender from taking your application forward.

Choose DCL For Your Consolidation

If you need help with covering your existing debts, we may be able to help. Whether you are looking to cover your credit card consolidation or apply for a debt consolidation remortgage, our panel of lenders offer a range of products to help you. At Debt Consolidation Loans, we hold our applicants’ best interests at heart, so we make our lending decisions with a personal touch, rather than relying on automated software. We take a human approach to each application to check for affordability and to understand your needs, which means we can consider all applications from people in all circumstances. We understand that securing finances can be an urgent task, so we will do everything we can to ensure you can make repayments. However, if we felt that you would struggle to make repayments, we would need to decline your application for your own wellbeing.

We are completely transparent, so we guarantee that our soft search will not damage your credit rating and there are no fees for using our service. We also aim to offer flexibility in our repayment plans, so you will be able to make payments on a pre-agreed date each month that works with your budget. This can help you to manage your finances, as well as give you peace of mind about your future.

If you would like any more information, you may be able to find the answers in our FAQs, or don’t hesitate to contact us to speak to a member of our friendly team. When you are ready, it’s quick and easy to apply on our website.

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