FAQs

What is debt consolidation loan?
Debt consolidation loan is the type of loan taken to consolidate multiple loans so that the borrower makes lower repayments compared to the repayments put together individually.

Who can apply for a debt consolidation loan?
Debt consolidation loans are available for all residents of the UK , whether tenants, homeowners, students or persons with low credit scores.

Is payment protection recommended?
Online Debt Consolidation Loan recommends payment protection, as it is helpful in case the borrower is not able to make repayments on account of changes in personal circumstances. The borrower is safe since the loan will be paid.

What does APR stand for?
APR or Annual Percentage Rate includes rate of interest and the other charges payable on unsecured or secured loans for the purpose of better comparison.

Can one apply if has a bad credit history or CCJ against him?

Yes, he can apply.