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Why do I need Credit?: There are a number of benefits associated with paying by credit as opposed to cash or cheques:
Will I have to pay interest each month?: You can avoid paying any interest by always paying your balance in full and on time each month.
What is a Balance Transfer?: Transferring balances has become a popular and easy way to consolidate multiple card balances in one place, while simultaneously making significant savings on interest payments.
Why is it worth making a Balance Transfer?: If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.
Why is it worth making a Balance Transfer?: If you have a large outstanding balance on one or more credit and store cards – you will undoubtedly be able to save money by transferring your balance to another credit card.

Can I cancel my loan application if I decide not to go ahead for any reason?

If you decide you want to cancel your loan application once you have made it, you can do so within a certain period of time set by the loan company.

They will provide you with a written notice telling you how to cancel and how long you have to cancel. To cancel your application you will have to write to the address given on the notice.

All loan companies will have a specific ‘cooling off’ period that they offer the customer – but in conjunction with the Consumer Credit Act they are legally obliged to offer you 14 days. It is much easier to cancel your loan if you change your mind before the funds come into your account. If you change your mind having received the funds, you will have to contact your loan provider and arrange for you to repay the loan in its entirety. It is possible you may have to pay a penalty but this will depend on your loan provider so read the terms and conditions for your specific agreement for more information.

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