Credit card consolidation loan

About our credit card debt consolidation loan
Whatever you need a loan for we can help you, we offer a wide range of loans from personal, secured, unsecured and consolidation loans to business and property development loans. Apply for your loan online today!

A secured debt consolidation loan ties the loan into your property, which gives the lender more security. This may enable them to loan more or to reduce the rates they can offer, though you will need to make sure you can re-pay the loan as your property may be at risk if you cannot repay the amount you borrow. A secured loan may be a good way of reducing your outgoings by consolidating more expensive borrowing, such as credit cards or store cards. You may also be able to raise more money than if you take out an unsecured loan.

An unsecured debt consolidation loan does not use your home or vehicle as collateral for the loan. An unsecured loan is best suited for people who do not own a property, such as council tenants or private renters although they are available to homeowners as well. You will almost certainly need proof of your income and you may not be able to borrow as much as you could if you secured the loan against your property. Even if you have problems with your credit history, you will still be able to arrange an unsecured loan with Financiar.

What if I have a bad credit history, will this affect my loan application and what type of loan I can get?
A bad credit history will not stop you from getting a debt consolidation loan! We know that many applicants have what is considered to be 'Bad Credit' through no fault of their own. Our friendly and knowledgeable debt consolidation loan advisers aim to to make sure that you get the loan you need no matter what the circumstance. If you have any of the problems listed below you will still be able to get a debt consilidation secured loan from a specialist loan provider:

	Mortgage Defaults or Arrears
	Adverse Credit and Finance
	Poor Credit History
	CCJ's
	No Proof Of Income

(You may find that bad credit loans have higher interest rates and will lend you a lower total sum.)

How do secured and unsecured debt consolidation loans work?
Before you decide to enter into a secured consolidation loan or unsecured condsolidation loan agreement you should make sure that you know exactly what you are doing, we have knowledgeable and friendly loan advisers ready to answer any questions that you may have 7 days a week. Unlike other specialist loan consolidation companies we are also qualified independent financial advisers. Our loan advisers want you to have the best product to suit your needs. Please read the following loan information to gain a better overview of how loans work.

DETAILED INFORMATION ABOUT OUR UK DEBT CONSOLIDATION LOANS
The debt consolidation loan agreement
When you enter into a Secured loan or Unsecured loan agreement – you are signing a contract to make the repayments, by the specified date every month for the length of the loan agreement. Any deviation from this agreement may result in monetary penalties. For example, some loan lenders apply an early settlement charge (also known as a redemption penalty) if you repay either the secured loan or unsecured loan in full before the agreed end date. This can be up to 2 months interest. If you think you will be able to pay off the loan before the end of the term then your best bet will be to arrange a secured loan or unsecured loan with no early settlement costs, however the APR may be slightly higher.

Flexibility within the debt consolidation loan agreement
If you would like some flexibility in your loan agreement, make sure you arrange this before you sign on the dotted line. You may be able to arrange occasional over-payments and lump-sum payments, both of which allow you to clear the debt over a shorter time period than first agreed. If your secured loan or unsecured loan is a truly flexible product then you may also be able to use the fund as a bank account, withdrawing funds from the account on a rolling basis, providing you stay within your credit limit. Lenders also offer repayment holidays, allowing you to defer your monthly cheap loan repayments either at the start of the loan (known as 'deferred repayment') or at an agreed point during the term.

Interest on the debt consolidation loan
You are charged interest on the amount you have borrowed with the loan – it is a percentage of the borrowed amount which accumulates over the period of the agreement. Interest rates on loans vary from 7% up to 20%. The interest rate will be included in the APR. This stands for Annual Percentage Rate, and includes the administration cost of setting up the mortgage, any discount periods, how often interest is calculated and also calculates what the average rate of interest will be over the life of the loan. To comply with the consumer credit act all lenders must ensure that the borrower is informed of the APR (the annual percentage rate on the loan).

Fixed or variable interest debt consolidation Loans
The APR can be a fixed or variable charge. A fixed APR has the benefit of added security since the rate will not change, a variable APR does not have this security but could reduce the cost of your total payments if interest rates go down.

HINTS AND TIPS WHEN TAKING OUT A DEBT CONSOLIDATION LOAN IN THE UK
Look at the small print - although the loan with the lowest APR is one factor that contributes to a cheap loan, you should always pay attention to the small print as any additional costs will be found there. If at any stage you need further information about your UK unsecured loan or secured loan application then talk to our advisers, remember once you submit your loan application you still have a 'cooling off period' which enables you to cancel your secured loan or unsecured loan application.

Never borrow more on a loan than you need - you will only pay more back in interest - the more you borrow on a loan the more it costs you.

Only ever make one loan application at a time – even if you don’t take the offer up all the loan applications will sit on your credit record, and will not look favorable for future finance applications.

Consider loan insurance and protection – if you lose your job, have an accident or become sick, you will still have to make your repayments in full so it’s a good idea to take out loan insurance, especially if the loan is secured on your home (A secured loan). We offer a huge range of income protection products, if you would like more information on how to protect your loan then click here

Stay in control - make sure you know exactly what the monthly loan payments will be, and how much you will pay back in total.

Everyone’s different - lenders calculate the total cost of a cheap uk loan (APR- both for secured loans and unsecured loans) in different ways, so try and get some understanding of the formulas they use.

Compare like for like – the low monthly interest rates for loans in shop windows may look lower than the yearly APR in another, but the only way to find out is to carry out full calculations for both offers.

Check out the alternatives - you may be able to get a better deal on a home improvement loan by going to your mortgage lender rather than taking out a secured loans or even an unsecured loan.

As one of the UK's leading online finance and insurance providers, we offer a wide range of loans, these can be seen below, if you would like to go directly to a particular loan section then click onto the site search button at the top of this page and type in the loan that you are looking for.

	Credit card and general Debt consolidation loans
	Home improvement loans
	Car loans
	Holiday loans
	Property development loans
	Inheritance tax reduction loans
	Career change loans
	Bridging loans (commercial and residential loans)
	Short term business loans
	Professional practice loans
	Loans for Management buy outs
	Secured loans
	Unsecured loans
	Bad credit loans
	Business start up loans
	Property conversion loans
	Loans for land acquisition
	Venture Capital Funding