Scrouge Loans FAQ's   

Scrouge always tries to help! Scan down the following headings and click on any information you're interested in.

Scrouge has provided this information as general background and it should not be interpreted as personal advice. Remember, there's no substitute to chatting things through - that's why, when you apply, we'll ask a Loans Consultant from ClickLife to phone you.

Getting Started

• What is a personal loan?
• Should I ask for a secured or unsecured loan?
• I live with my parents. Can I apply for a loan?
• I'm self-employed. Can I apply for a loan?
• I have just recently joined my employer. Can I still apply for a loan?
• Will anyone contact my employer?
• I already have a mortgage. Will that complicate matters?
• What if I decide not to go ahead with the loan? Can I cancel my application?
  

Types of Loan

• What kind of loan should you get?
• Secured Loans
• Unsecured Loans
• Tenant Loans
• Debt Consolidation Loans
• Bridging Loans
• Home Improvement Loans
• Car Loans
• Holiday Loans
• Career Change Loans

Loan Value

• How much can you borrow?
• What is the maximum secured loan I can have in relation to the value of my property?

Interest Rates

• What interest rate will I pay?
• Are interest rate negotiable?
• What is an APR?

Loan Period

• How long can I take to repay the loan?

Your Income

• What is usually accepted as income?

Speed

• How quickly can I get a decision?
• How soon can I get the money?

Your Loan Repayments

• Will my monthly repayments change?
• Can I temporarily defer payments?
• How do I make repayments?
• Can I choose my monthly repayment date?

Your Credit Rating

• Credit scoring - what is it?
• How do I safeguard my credit rating?
• What can I do if I believe that the information held about me by a credit reference agency is wrong?
• Can I contact the Credit Reference Agencies?

Debt Consolidation

• I am having trouble making repayments on my existing loans, should I get a debt consolidation loan?
• Can a debt consolidation loan solve my debt problems?
• Can I get a debt consolidation loan that does not require pledging your house as security?
• Can I get a debt consolidation loan if I do not own a house?
• How does a debt consolidation loan reduce my monthly payments?
• How much can I borrow (with a debt consolidation loan)?
• With a debt consolidation loan, over how many years can I spread my repayments?
• Can debt consolidation loan be used for more than debt consolidation?

Fees

• Are there any upfront fees?

Loan Payment Protection Insurance

• Should I buy Loan Payment Protection Insurance?
• When will Personal Loan Payment Protection Insurance refuse to pay out?
• Can I change my mind and add or cancel Loan Payment Protection Insurance during then period of my loan?

After you have received your Loan

• What would happen if I'm made redundant?
• What would happen if I'm suddenly injured or taken ill?
• What would happen if I die before my loan is paid off?
• What would happen if I want to move house during the term of my loan?
• What would happen if I couldn't meet the loan repayments?
• What would happen if I want to borrow more?
• Can I borrow more in the future?
• What would happen if I want to pay off my loan early?

Other Matters

• Why would my loan application be refused?
• What happens if my loan application is refused?
• What is the Finance & Leasing Association?
• What is the Financial Services Authority?