Hot Topics

What is a Career change Loan?
If you are planning a change of career then it is likely you will experience either a big drop in or a total loss of regular earnings – and this is why people choose to take out career change loans.
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.
Do I have to pay any upfront fees?
You will not normally have to pay any upfront fees, this is because all the admin charges and other legal fees are incorporated into the APR. Any charges are therefore spread over the term of the loan, and not charged on an upfront basis.
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.
What if I want to move house during the term of my loan?
Moving house is only an issue if you have a secured loan – as you have borrowed against the value of your house. How your loan company deals with this varies greatly. Some allow you to transfer your loan to your new property, using your

What happens if I can't meet the loan repayments?

If you are having problems repaying the loan, you will need to talk to your lender straight away to discuss the problem.

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The situation could arise because you have changed jobs and your earnings have gone down, or your other outgoings simply not do allow you to make your repayments. If you are extremely unfortunate and have had an accident or have fallen sick, and you do not have short-term income protection insurance or a repayment protection policy attached to your loan, you will not be able to afford the repayments.

Most lenders will listen sympathetically and make an alternative, mutually beneficial arrangement. You have to make sure however that whatever arrangement you enter into that you keep to it - so first make sure you will be able to afford it before agreeing. They may be prepared to suspend loan repayments for a while or extend the term of the loan. Also check to see if you have a repayment protection policy included in your loan that might cover you in respect of the cause of your financial difficulties.

If you have a secured loan and you cannot in any circumstances fulfill the obligations of your repayment plan, the worst possible scenario is that you will have to sell your home to pay off the outstanding balance.


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.