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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.
- 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.
- 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.
- 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.
- How much can I borrow with a debt consolidation loan?
- The amount you can borrow on a debt consolidation loan is basically exactly the same as for a normal loan.
What if I die before my loan is paid off?
If you die before your loan has been fully repaid, the loan will still need to be repaid by your estate. This may mean that your family will have to cover the cost of the loan for you.
The only way to protect yourself and your family against this possibility is to get either Personal Loan Insurance or Life Insurance.
Both policies will ensure that your outstanding loan balance is fully repaid in the event of your death or you being diagnosed with a specified critical illness. Life Insurance will not be of any help with unemployment, sickness or accident. That’s why it’s recommended if you have a very large loan, that you take both a loan or short-term income protection insurance policy, and a life insurance policy - so that all angles are covered and in any event, your family will not have to cope with the repayments on their own.
For Life Insurance
For Short Term Income Protection Insurance
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.
- Adverse credit and finance ?
- What exactly is a personal loan?
- How quickly can i get the money ?
- How long can I take the loan over?
- If i decide a personal loan is best which type of lender is best ?
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