Help With Debt Problems

A big loan can enable you to carry out a number of tasks / projects at the same time. Our big loan panel goes up to loans of £250,000 but advances may also be as low as £5,000. We understand that whether or not the loan you want is `big` is often down to an individual`s perception. A good measure is how much money you are looking to obtain compared to your income. Many would consider a loan that is either close to their household yearly income or for over £35,000 to be big loans.

However it is important not to be daunted by the numbers and bear in mind you can get the repayments for your scenario before you commit to any loan through our finance team.

My Sort of Loan have been UK specialists in arranging big, medium and even smaller loans for many years and provide a tailored free quote for our customers. Get your figures before you make a decision , call directly for free on 0800 0159 108 or dial 0330 0536001 (mobile friendly),alternatively complete our on line enquiry form to get the ball rolling. Taking out a loan is a big decision so choose an established finance industry business to ensure you can achieve your goals whilst keeping your payments affordable.


Been Refused Elsewhere? Try Us!

There are many reasons why people fall into debt, often by an unfortunate change in circumstances, breaking up with your partner / spouse or even a sudden change in employment. Fortunately there are several ways we may be able to help. Different options may apply depending on your individual circumstances.


Unsecured Loans UK Debt Consolidation

The UK debt consolidation personal loans option is available for tenants and UK homeowners. Unsecured loans can be an effective way of combining all your debts, and still getting an affordable low cost loan, with unsecured loan plans available up to £15,000 and repayment terms matched to your budget.


Secured Loans UK Debt Consolidation

Debt consolidation with a secured loan allows you consolidate larger debt as well as potentially helping you to borrow additional funds for other purposes - such as home improvements or a purchase of a newer car.


Danger Signs With Debt Problems

There are many signs that will tell you whether you need to look at debt consolidation help.
Please read below for just a few examples of these:

  • You spend more each month than you earn

  • You avoid opening the post for fear of bills

  • You are paying multiple debts at high interest rates

  • You are only meeting the minimum repayments on credit or store cards

  • You find it hard to repay your bills each month

Debt consolidation loans are loans for UK customers and are designed to help you reduce your monthly outgoings by paying off existing debts. This improves your cash flow and can help you stop bills growing (such as credit card balances) each month. The downside is that by doing this you will usually pay back more loan interest over the repayment term. So check you are happy with all the figures involved before you accept a loan lender offer.

They come in two main types which are secured loans for homeowners and unsecured loans for homeowners or tenants.


Secured Loans

  • Specifically for homeowners

  • Can be taken out over longer periods of time, with loan plans up to 30 years

  • Can be used to borrow larger amounts, up to £150,000

  • Can be taken out in sole name or as a joint loan

  • Require some form of residential property as collateral for the loan

  • Can be for people with good credit or poor credit & bad credit histories


Unsecured Loans

  • For both homeowners & non-homeowners

  • Are processed more quickly

  • Usually taken out as a sole applicant but can be considered on a joint loan basis

  • Normally have higher interest rates (particularly if you have poor or adverse credit or a low credit score)

  • Usually require a better past credit history or higher score as a house or flat is not offered as security

  • Generally for smaller amounts - up to £15,000 via My Sort Loans lenders

If you are having debt problems (big or small) you may wish to seek independent legal advice or consult with the Money Advice Service. If you think a debt repair or debt consolidation loan may be the solution please contact My Sort Of Loan and see if we can help you restructure your debts and make your monthly bills more affordable. It is important to remember that lengthening the term of your debt may increase the total amount repayable.