Hot Topics

What is a Debt Consolidation Loan?
A consolidation loan offers the opportunity to put all your outstanding balances together into one block. This can include credit cards, personal loans and sometimes your mortgage.
Will the loan company contact my employer?
Firstly, a loan company will never contact your employer without your consent.
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 happens if I am suddenly injured or taken ill?
To protect your loan repayments in case you are unable to work due to accident or illness, you will have to take out either personal loan or short-term income protection insurance.
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.

What kind of loan should I get?

Which loan you choose depends entirely on what you need it for. There are many different kinds of loans, depending on where you buy them from.

Many banks and larger organisations simply offer an all-purpose personal loan which covers any requirement. However some companies specify different rates and terms for different kinds of loans, for example car loans, home improvement or extension loans, and wedding loans. These types of specific loans may offer you some kind of incentive related to your loan purpose, for example if you choose a car loan you may get free emergency breakdown road assistance, or special discounts at affiliate garages and stores.

The only way to find out which offers you the best deal is to get a number of quotations and see if the specific terms and conditions suit your needs.

A way of short-cutting lots and lots of loan applications (which is not advised as mutiple applications could damage your credit rating) is to get a loan broker to search the market on your behalf for the best deal.

And that's exactly what happens when you ask for a Quotation via Brokers Online.

Apply now


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.