Here we answer some questions you have been asking us.
Yes, you can, however before applying for a debt consolidation loan you should review your options to make sure that the loan which you are considering is right for you. We can’t advise but we can help!
1Plus1 offer debt consolidation loans which by moving one or more of your current loans to one lender can make them more manageable.
Here at 1Plus1 the rate you get is the advertised rate. With some lenders the APR you receive may vary from the advertised rate. Up or down – often up!
At 1Plus1 it is fixed.
APR is the annual percentage rate used to describe the overall cost of money borrowed. It takes into account the interest rate, when / how often it is charged, any fees charged up front or, other costs applicable to the loan.
An APR means you can compare different loan products.
The representative APR is the rate lenders reasonably expect most applicants to receive. It's not guaranteed - your personal APR could be higher or lower than the advertised, representative APR.
You can easily check how much a loan will cost without affecting your credit score using our handy sliders https://www.1plus1loans.co.uk/. At 1Plus1, like most other lenders, we report applications and loans to credit bureaux that will impact a credit score. Guarantors are checked using a soft search so they are not affected.
Most loans are paid out on the same day.
You may cancel the Agreement within 14 days of the date that we sign it, and any money loaned to you must be repaid immediately. Please contact us immediately at email@example.com if you would like to cancel the Agreement.
Your first repayment date will be agreed with you, normally one calendar month from the date the loan is paid to you. You may change your payment date up to 3 times in a 12-month period, providing 14 days notice of a payment date change. Please call 0330 1200 313 to do this.
Yes, you can settle your agreement early in-full or in-part, at any time. Unlike some lenders, we do not charge a penny to do so. You just need to clear the balance that is left on your account. Please call 0330 1200 313 and you can repay your account in full, by card or bank transfer.
We are always here to help you. It is important that you call us on 0330 1200 313 and we’ll talk you through the options available to you.
There are lots of organisations that can provide confidential, impartial and free help and advice. More information can be found in our here.
If you are already in touch with an organisation that is giving you financial advice, please let us know and we can deal with them directly with your approval.
1Plus1 offer personal loans backed by a guarantor, subject to both the borrower and guarantor meeting our affordability and credit worthiness criteria.
If you think you may be interested in a 1Plus1 Loan, please give us a call on 0330 1200 313 and one of our friendly staff will be more than happy to discuss the process with you, or start your application by applying online here.