FAQs*

Can I use this loan to pay off other loans?

Once you have successfully applied for a loan you can use your loan in any way that wish as long as it is legal! Before you decide to take out a new loan to cover existing ones you need to think carefully about the amount of money that you owe. Providing that you can pay off all existing loans and any interest owing on them, and the rate of interest of your new loan is lower, then you should be able to save money. But in some cases, particularly if you are already struggling to meet existing repayments, extending the amount that you owe could be the last thing that you need.

If you are unsure about how to handle multiple loans, or would appreciate the chance to talk over your options before you decide, simply give us a call. We have a team of friendly experts who will quickly advise you of the best way of dealing with existing loans before taking on any new commitments.

*Nothing in these FAQs constitutes advice and is intended for general information purposes only. For qualified advice, please speak with UK Personal Loans Limited 08000 196 777.