Hot Topics

What is a Holiday Loan?: A holiday loan is a loan designed to give you the means to pay for a holiday. This is commonly used for ‘holidays of a lifetime' like honeymoons, anniversaries and holidays to exotic locations.
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 not covered by personal loan protection insurance?: There are a number of situations that are normally exempt from personal loan protection.
Can I have a fixed rate loan?: It is entirely up to you if you want a fixed rate or a variable rate loan – however there are some limits to this.
I live at home with my parents, can I still apply for a loan?: If you live at home you are still eligible for a tenant loan – this is basically an unsecured loan in which you have no property to provide as security against the debt.

Will a debt consolidation loan solve all my problems?

A debt consolidation loan will solve your problems if you can meet the repayments. However you need to analyse how the money troubles began – and fix the root cause.

Here’s a typical scenario: you’ve got into debt trouble because you are living beyond your means and are supporting your spending habits with credit cards. A debt consolidation loan seems to solve things by paying off the debts, however if you continue to spend beyond your means, you may find in another year or two you have run the credit cards up to the same levels or higher than they were before the debt consolidation loan. This time there is no way out – the equity on your house has all been used up by the debt consolidation loan, and you cannot pay either the new bills or the loan repayments. Bankruptcy and the loss of your home is the inevitable conclusion.

The way to avoid this scenario is to cut up your credit cards. If you need to pay by card for business trips or on-line purchases - consider secured credit cards or debit cards. Spending with a secured credit card means that you will not be able to exceed a limit based on the value of an accompanying savings account. You could also use a debit card as you have to have money in the account in order to use the card.

It is very important you treat a debt consolidation as a last resort – and that you are aware of how important it is that you keep up the repayments.

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

Bridging Loans

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