Debt Consolidation Loan Targeted Towards Bad Credit Borrowers Launched In The Uk

PRLog (Press Release) – Feb 05, 2007 – Debt surely are a big threat to the financial freedom of individuals in the UK. Statistics lay bare the grave debt situation that UK citizens are finding themselves in. In November, 2006, the average household debt in the UK was £8,765 (excluding mortgages) and £52,811 if mortgages were included. One agency’s smaller efforts to offer relief to UK citizens deserve a mention. Chance for Loans is working hard to offer relief to the bad credit borrowers with a specially designed debt consolidation loan.

Debt consolidation loan is well known for its effects on debts. But people with bad credit, who had experienced CCJ, IVA or bankruptcy in the past, were altogether untouched by the debt consolidation loan. This meant that the bad credit borrowers were further going down in their debt situation. Now with bad credit debt consolidation loan through Chance for Loans, there is a ray of hope; hope to end the unending cycle of debts, hope to end the annoying telephone calls from creditors.

Percy Simmonds of Chance for Loans says, “With one third of the nation finding itself in the bad books of credit rating agencies, it is altogether unwise to keep off loans such as debt consolidation loans from the bad credit borrowers. Chance for Loans brings together a panel of lending agencies who think like us. And together we intend to make shopping for bad credit debt consolidation loan an all new experience. With more competitive rates, flexible repayment schedules, and a broader outlook, bad credit borrowers are now finding themselves in more healthier finances.”

Chance for Loans is an online arranger of a wide variety of loans. Debt consolidation loans for the bad credit and good credit borrowers, personal loans for numerous financial needs like buying car, education, etc., bridging loan, self employed loans and many more are available here. To know more about these loans and order one for yourself, visit http://www.chanceforloans.co.uk.