Rating based on 27 reviews

Barclays – Debt Consolidation

Updated

  • Low-interest starting from 4.9%
  • Debt Consolidation up to £50,000
  • Repayment up to 5 years

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Author Barclays. Screenshot of Barclays website. [Accessed May 15, 2020]

About Barclays

Finance can be complicated unless you are dealing with a bank that knows how to make banking simple. Barclays is one of the UK’s favourite banks for a reason.

Our expert staff is well-trained and knows exactly what type of deal will tickle your fancy so explore our extensive range of financial products and services today.

Convenience is what we aim for

Life is complicated enough which is why we aim to make finance one of the areas that you no longer need to be concerned about. We have streamlined our lending process to allow for a more convenient and efficient approach to lending. Instead of being forced to stand in long, tedious queues you are now able to complete an online loan application from the comfort of your home. Simply grab your Smartphone, Tablet or laptop and complete the application. In a few minutes, you will be notified of your outcome – no more drawn-out waiting. At Barclays, we believe in building opportunities and realizing dreams. Apply for a personal or debt consolidation loan today and make your dreams a reality.

Barclays Services

We are a strong believer in variety which is why we offer such a wide assortment of different financial packages including debt consolidation loans. What is also amazing about our deals is that you can be as flexible as you need to be.

Finance is a personal matter which is why you should have a say in the way that your finances are organised. Allow us to help you take control of your financial situation today.

Where do I sign up?

As with any personal loan, there are specific criteria that need to be met before we will agree to lend to you. This is to protect you and your financial future. In order to apply for a loan with us, you will have to be at least 25 years of age and a UK citizen. The applicant should also be employed with proof of a regular income and a valid, active bank account. Before completing an application form you can make use of our fast eligibility checker online. This checker will not impact your credit score at all but will give you the peace of mind that you need.

Barclays Product Details

  • Loan Type Debt Consolidation
  • Interest Rate from 4.9%
  • Loan Amount up to £50,000
  • Repayment 24 months to 5 years

Summary of Services

Get a handle on your debt the right way

Debt is nothing to be ashamed of – the financial journey is a narrow path which means that you are bound to hit a few rocks or snags along the way. All that matters is how the situation is dealt with.

There are many advantages to taking out a debt consolidation loan and it can even improve your credit score in the long run.

Improve your credit score with debt consolidation

Many people are afraid that taking out a loan will damage their credit score – especially if they begin to miss payments. The entire purpose of a debt consolidation loan is to better organise your finances and pay off short term loans. When you have multiple debts it can be easy to miss a repayment which will damage your credit score. A single payment loan will help you to budget more easily. This means that you will be less likely to miss payments. If by the end of the loan period you have completed repaying your loan without missing payments you can improve your credit score.

A bank that can change your life for the better

The problem with many modern banks and lenders is that they do not recognise their customers as individuals. This is where we aim to be different: our employees are all experts in their respective field, receive constant training and have the knowledge to know exactly which financial deal will benefit you the most. No matter what your past or current financial circumstances are we will assess your situation in order to provide you with the most beneficial financial solution. If you are a looking to consolidate your debt, purchase your first home with a mortgage or simply open a bank account; we have got it all. Contact us via email, telephonically or make a visit to one of our branches and start paving your way to a brighter future.

Do not hesitate – consolidate!

In a world where the economy is strained and your finances are being stretched to their maximum, it is not uncommon for individuals to have multiple credit cards, store cards or hire purchase agreements. The problem with having multiple debts is the multiple payments that come with them. Each debt has its own payment date, interest accumulated and monthly charges. All of these amounts add up which can result in your losing a lot of money on interest and fees. That being said – a debt consolidation loan can assist you to repay all the current debts and only repay a single loan amount monthly. You can consolidate your debt from £1,000 up to £50,000 over a period of two to five years at lower rates than your previous debts. The best part is that the money you save on charges and interest can be saved and used to repay the loan even faster. Make the right choice and consolidate today!

Customer Reviews & Testimonials

Super easy and convenient application online, I could submit all my documents online no issue.
The money took a bit longer to reach my account but not weeks at least.

Frank D
— London —

Very reasonable interest rates and fees.
The loan repayment terms could be a bit better though.

Andrew Y
— Newcastle —

After taking out a loan to consolidate my debts my life really became so much easier. I only need to manage one payment now instead of dozens. So much easier!

Julia B
— Birmingham —

Barclays Contact Details

Contact Number

E-Mail

  • not available

Website

Physical Address

Opening Hours

  • Monday 09:30 – 17:30
  • Tuesday 09:30 – 17:30
  • Wednesday 10:00 – 16:30
  • Thursday 09:30 – 17:30
  • Friday 09:30 – 17:30
  • Saturday 09:30 – 15:30
  • Sunday 11:00 – 15:00