Hot Topics

What if I already have a mortgage or loan secured on my home?
It is possible (indeed common) to have more than one mortgage or loan on your property, as long as there is sufficient free equity in the property to secure the loan.
What if my loan application is not accepted?
Sometimes a lender may not wish to give you a loan. This may be for a number of reasons, however the lender is not obliged to tell you exactly why the loan been refused.
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.
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.
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.

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.

Apply now

You will have to be careful to avoid this scenario as missed payments will not look good on your record with the loan company. Also, don’t forget that if you have a secured loan, your home is at risk if you do not keep up repayments.

You will be able to choose your monthly repayment date at the beginning of the agreement - and that will remain the same unless negotiated otherwise. It’s a good idea to set your repayment date as a few days after you get paid, as then you know the funds will be cleared in your account in time for the loan repayment. If the date falls a few days before you get paid there is the risk that the money won’t be there. If you change jobs and your payday changes contact your loan company to see if you can change the repayment date.

 

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.