What is an unsecured loan?

Unsecured loans (also known as personal loans) enable you to borrow money without offering up security based on a major asset, like your home.

Can I pay my loan off early?

Yes you can – Most of our lenders offer early settlement with no early redemption fees. Some of our lenders promote early settlement as the customer benefits from paying less interest. It is also important to make yourself aware of what your lender’s charges are. WE will let you know this before you take out a loan.

How long can I take an unsecured loan over?

Most of our lenders offer a term of 1 to 5 years. Don’t forget that the longer you take a loan over, the lower your repayment will be, but the more you may end up paying back.

Do you leave a “footprint” on my credit file?

The "soft search" that is carried out as part of your initial application out has no adverse effect on your credit file. You will see the search on your own credit file but lenders will not see it. If you decide to take out a loan, then your lender will leave a credit footprint for others to see.

How much can I borrow?

Our lenders allow you to borrow between £500 and £25000.

What is a CCJ?

A CCJ (County Court Judgement) is issued by a County Court to a person who fails to pay an outstanding debt. An unsettled CCJ will affect an individual’s credit rating and may result them being refused credit. CCJ details remain on a person’s credit file for six years. If the debt is fully settled within 30 days of the date of the judgement, it will not be listed on the credit register.

When will the money be in my account?

That depends on your personal circumstances and which lender you choose: some lenders will credit your bank account within 2 hours; other lenders can take up to 7 working days and it can take longer depending on weekends and bank holidays. 

What is an APR?

APR stands for Annual Percentage Rate of charge and is used on lending such as credit cards, loans and mortgages. The purpose of an APR is to show the total cost of borrowing over the period of a year and as well as interest, the figure includes upfront fees and charges. This makes it easier to compare deals like for like. However, the APR calculation itself is incredibly complex and even those who understand the mathematics of finance sometimes struggle to understand exactly what it means. APR is dependent on the time period for which the loan is calculated. That is, the APR for one loan with a 20 year loan term cannot be compared to the APR for another loan with a 15 year loan term. So when comparing two loans, you should not rely on the APR alone, except if the loan term and amount are exactly the same. We think that the most important thing to consider when comparing loans is the monthly repayment, but you should also look at other things like default charges and the way in which interest is calculated. These comparisons can be very complex and if you need any help doing it, we’ll be happy to help you, free of charge.

Can I apply again if I am declined?

Yes you can – Once you have been declined you can reapply again after 14 days.

Do we charge a fee?

We do not charge a fee for giving you a quote – upon completion of your loan we receive a commission from the lender. 

Can I make over payments?

You can make over payments with all of our lenders. You can do this by increasing your monthly repayment (using a standing order as well as your direct debit), making a debit or credit card payment, or by sending a cheque. (Charges may apply for using credit or motor finance cards).