APR stands for the Annual Percentage Rate of charge... The key is to prioritise your debts in order of scariness... Given that many respondents to the consumer survey volunteered that they chose loan because it was the easiest or easier option, consumers who have chosen consolidation are unlikely to want to have to make complicated comparisons... http://www.onesteploan.co.uk/loans
Of those who received some explanation, only about half of them said they were well explained... So lenders have no guarantee of getting their money back... Around a quarter of respondents in the survey of consumers who had consolidated their debts said that they received no explanation about commission or fees... http://www.1stepfinance.co.uk/loans