Debt Consolidation FAQ's & Common Questions >

Common Debt Consolidation Questions

How much can I borrow?

You can borrow any amount from £3,000 to £500,000 and have a choice of repayment terms from 5 to 25 years, dependent upon your current financial circumstances and status.

How long does it take to get a decision?

We have to confirm a few key details first, but once your application has been completed, we typically are able to give you a decision in principal within the hour. Your loan can be completed in as little as 14 days, or even sooner if the amount you're looking to borrow exceeds £25,000.

What purpose am I able to use the loan for?

You are free to use your loan for any reasonable purpose. Many of our clients use the funds to buy a new car, make home improvements or commonly to consolidate existing loand and debts to reduce their monthly payments. The cheque will arrive on your doormat, and you're free to choose how to spend it.

Is it possible to insure my repayments?

You are able to insure your repayments. Many of our clients prefer the peace of mind associated with knowing, should anything unexpected happen to their health, or main source of income, their monthly payments are covered.

Can I repay my loan early?

You are free to repay your loan back at any time. The actual method involved and how to calculate any early repayment penalties that may be associated with your loan will be fully explained prior to you taking the loan out and will be re-iterated in your loan agreement paperwork.

Is it possible to have a fixed rate loan?

Yes of course. All you need to do is express that you would be interested in a fixed rate and our advisers will give you a quote based on your personal requirements.

Can I change my mind and cancel my loan application?

Yes! You are under no obligation whatsoever to complete the loan during the application. Even after the initial application, you have a number of days to consider your position before finally signing the loan agreement to accept the loan amount. Prior to this time you can cancel the loan at anytime without penalty. (The number of days is dependent upon the value of the loan and ranges from 7 - 14 days)

Are there any upfront fees associated with your loans?

No! None of our loans involve any upfront fees. On a rare occasion it may be necessary for a fee to be paid on completion of the advance, though this is not the norm. (typically 5% of the loan). Should this be the case, this amount will be added to the loan advance and will only be deducted when the loan completes. All fees that are applicable will be explained in full by our advisers and will be detailed on the loan documentation. If you are concerned about any fee mentioned, you are under no obligation to continue with your application.

What You Need To Do Next!

To get the process up and running and clear your debts once and for all, simply email paul@]IVACentre.co.uk

Alternatively, enter your name, telephone number and a time to call in the empty boxes at the top right of this page, (below where it says Request Callback) and we'll call you to let you know the steps involved and how much you might expect to reduce your monthly payments by.

So, get all the information you're going to need right now by contacting us via the form above.

To get FREE Confidential debt advice and reduce your monthly payments to a more affordable level, as well as reduce or even freeze your interest payments, you simply need to put your details in the orange form on the top right of this page and we'll take care of the rest for you.

Remember, once your UK Debt solution has been approved, you will be reducing both your monthly outgoings and in many cases the total amount of interest you pay over the term of the debt management plan.