Hot Topics

If I decide I need a personal loan, which type of lender is best?
Banks, building societies and specialist finance companies all offer personal loans. None are any better than the others in any outright sense – but because the market is so competitive, you'll need to shop around.
How quickly can I get the decision?
More and more loans companies are selling themselves on how quickly they can make a decision. Many promise an instant decision, however they will still have to carry out a variety of checks to verify the information you have provided in your application.
What do you accept as income?
When you apply for a loan you will have to state your regular income.
How can I improve my credit rating?
If you are having trouble getting credit, there are a number of measures you can take to safeguard your credit rating. Here we have listed some helpful hints here to keep you in credit:
How much can I reduce my monthly payments by with a debt consolidation loan?
It really depends on how much you owe. In some circumstances you may be able to reduce your total monthly repayments by as much as 75% - simply by consolidating your debts into one single payment.

Will my monthly repayments ever change?

It depends on whether your loan is a fixed or variable interest rate loan, and over what period of time you are taking the loan.

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An unsecured loan is likely to be a fixed rate loan - short-term over no more than 10 years, and you will not have to gamble your future on the interest rates either going up or down. This also means that you can plan your finances properly and you are protected from any nasty surprises if interest rates suddenly shoot up.

If you have a variable interest loan your payments could go up or down depending on what happens to the UK base rate. If the loan is a large, long-term secured loan, you will have the choice of fixed or variable interest much as you do with a mortgage. Then it’s your risk on whether interest rates go up or down. The loan provider will not lose in any case, as it will be your home resting on your repayments, and if you can’t meet them they will simply repossess your home.

 

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.

What happens if i am suddenly injured or taken ill ?