Debt consolidating finance uk
You need to consider the interest rates you're currently paying and compare these with the options here, taking into consideration any other product benefits you may lose.Other personal loan purposes are available including; car purchase, home improvement and special occasion.
From an estimated 10 million people in the UK that currently have debt, 76% claim it has knocked their confidence and outlook on life and it’s not hard to imagine why!Pre-Contractual Explanation We've provided a summary below of the important information that's contained in the Pre-Contractual Explanation. It's a fixed sum of money borrowed from us which is repaid in equal, fixed, monthly instalments over an agreed term.The full version of this can be found in the Personal Loans Key Facts Document which can be accessed via the link above. As long as you don't miss any payments the loan is fully repaid at the end of the loan term and is not secured against your home.It's very important to provide accurate information in y our application - we might decline your application based on the results of your credit check, or if you have provided false information. You pay a fixed amount each month by Direct Debit (made up of the original loan amount and the interest charged).Your credit agreement will detail how much you pay (in total each month), and when the repayments will be due.
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However, this is more often than not when it is left to snowball out of control – taking out another credit card to make ends meet, or extending your overdraft so you can pay off the credit card.