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Any amount from £1,000 - £250,000. Occasionally
we even process loans for greater amounts. Our typical loans
are between £5,000 - £75,000.
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Absolutely anything. The choice is yours. The majority of
our customers clear some or all of their existing credit in
order to reduce their monthly outgoings. They also tend to
raise additional cash to spend as they wish, but others for
example may make home improvements, buy a new car, or even
take a well deserved holiday. It's your money, so how you
spend it is up to you. Debt consolidation may increase total
costs in the long term.
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Quicker than you would imagine. We endeavour to have all
loans completed within 14 days of application, although of
course just as it can occasionally take longer, it can also
be quicker. The quicker you return any documents required
to us, the quicker you will have your loan.
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Absolutely nothing. Applying is FREE.
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We would never contact them without your consent. If you
have pay slips and or a P60, this will certainly not be necessary.
If you can not produce pay slips, we may ask your permission
to obtain a brief reference from your employer, purely asking
them to confirm your position, length in employment and your
annual salary. We will not supply them with any details of
your loan application.
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That depends of course on how much you wish to borrow and
what period you wish to repay it over. Your personal loan
officer will tailor your loan with you to ensure your repayments
suit your budget. We do not encourage people to borrow more
than they can comfortably afford to repay.
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No, with our loan, the figure on your credit agreement is
the amount you pay, nothing else.
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YES it is. We pride ourselves in our confidentiality. We
are members of the Finance Industry Standards Association
(FISA) and also registered under the Data Protection Act (DPA).
We adhere strictly to the confidentiality guidelines set out
by FISA, as well as the letter of the law from the Data Protection
Register.
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YES you can. If you do so, you will benefit from a rebate
of interest in accordance with the Consumer Credit (Rebate
on Early Settlement) Regulations 1983. This means you will
not have to pay all the interest that would have been due
to the end of your original loan term, so ultimately the total
cost of your loan will be less. If you repay early there will
be an early repayment charge (usually 6 months interest).
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YES usually you can. Many of our loans allow you to make
payments over and above your standard repayment, whether it
be at the same time as your normal monthly repayment or at
any other point in the month. The amounts you pay over and
above will reduce the outstanding balance of your loan accordingly.
This means you will be paying the same monthly interest, but
on a smaller loan balance, therefore you will be able to clear
your loan in full sooner than the term it was originally scheduled
over. If you repay early there will be an early repayment
charge (usually 6 months interest).
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YES, usually you can. Assuming the conduct of your loan account
is to your lender's satisfaction, you may apply to take a
second loan out with them. Many of our loan plans allow you
to apply immediately for a further advance, the others may
request that your original loan account be running for three
months or more before they will consider your application
for more money.
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YES you can. Having a bad credit rating does not prevent
you from getting a loan. You may be considering clearing some
or all of the credit you have (if any) to reduce your monthly
credit bills with a single more affordable loan. The majority
of our customers do precisely that. Debt consolidation may
increase total costs in the long term.
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YES you can. Having arrears on your mortgage does not prevent
you from getting a loan. If you have arrears when your loan
completes, all the arrears will be paid directly by the lender
from the proceeds of your loan. So when applying, if you want
to receive a certain amount of cash in your hand, you must
add on the amount you need to clear your arrears. Debt consolidation
may increase total costs in the long term.
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YES you can. Having CCJs does not prevent you from getting
a loan. You may also wish to consider clearing some or all
of your CCJs with part or all of your loan. The choice is
yours. It is not a condition of our loans that you have to
clear any CCJs either before or after you take the loan out.
Debt consolidation may increase total costs in the long term.
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First and foremost you should contact your lender and notify
them of your situation. They would much prefer to know beforehand.
Your lender will explain the terms of your cover to you, as
well as doing everything possible to bring your account back
on track.
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