Hot Topics

What is a Home improvement Loan?: Many people choose to take out home improvement loans so they can give their house a new look before selling.
How much can I borrow?: How much you can borrow is dependent on a number of categories: your income, your assets and your credit history to name but a few.
What is credit scoring?: Most of the major credit card companies use their own credit scoring systems – normally but not always in conjunction with a credit rating from a credit reference agency.
How do I make repayments and can I choose my monthly repayment date?: Your repayments will normally be taken from your bank by direct debit on a monthly basis. This means that you must have enough cleared funds in your account on the due date, or the payment will fail and you will have missed a payment.
What happens if I want to borrow more?: To borrow more you have the option of either taking out a new loan independent of your other loan(s), or arranging with your loan provider to add onto your existing loan.

I am having trouble making repayments on my loans, should I get a debt consolidation loan?

If you have a number of debts and are having trouble managing them all, then a debt consolidation loan may be your only option.

Essentially, a debt consolidation loan is a secured loan tied to your property. This means that all your unsecured debts such as credit card bills, are now held against your property, and by obtaining a debt consolidation loan you will be putting your home at risk. This is why it’s essential that you can afford the repayments for the new consolidated loan, otherwise you may end up homeless.

Alternatively, you could approach a Debt Management Company such as Gregory Pennington or Baines & Ernst. Debt Management companies deal and negotiate with creditors on your behalf to agree lower instalments. They will calculate a single, affordable monthly payment for you based on your individual financial circumstances. Your Debt Management Company will manage the distribution of this payment to each of your creditors. A monthly charge is often included in your agreed monthly repayment for the service provided by your chosen Debt Management Company and terms and conditions will apply.

Risk Warning
Your home may be repossessed if you do not keep up repayments on a mortgage or any debt secured on it. Security by way of a charge on your home may be required.
Think carefully before securing other debts to your home.

Car Loans

Holiday Loans

Home Improvement Loan

Career Change Loan

Debt Consolidation Loan

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