When respondents in the survey were prompted with a list of possible reasons for taking out a consolidation product (as opposed to the open question referred to earlier), the desire to reduce monthly payments came out much more strongly, with over half saying this reason applied to them and more than a third saying it was the single most important reason... At one level this might indicate responsible lending... http://www.onesteploan.co.uk/loans
It will bring together and coordinate consumer education in the UK to avoid gaps or duplication... A loan may combine credit for relatively short-term expenditure, such as a holiday paid for using a credit card, with credit for more long-term expenditure, such as home improvements... http://www.debt-consolidation-loan-in-uk.co.uk/loans
Some creditors exclude prior, unpaid finance charges from the previous balance... The scale of this is difficult to judge because these organisations do not usually have a distinct category for loan complaints... More than a third said that they thought it would be good to pay off their debts and have money to spare for DIY, a holiday or a car and around one in seven said that this was the single most important reason... http://www.homeowner-loan-1.co.uk/loans
There is another way of categorising borrowers: distress and non-distress... We wanted to find out why consumers who had considered loan, but rejected the option, did not go ahead... This included credit agreements for a mail order catalogue (17 per cent for consumers who consolidated their debt versus 10 per cent for all loan), hire purchase agreements (8 per cent versus 6 per cent) and car financing (8 per cent versus 5 per cent)... The sample of 250 consumers who had consolidated debts was drawn from a larger sample of 582 people... http://www.secured-loans-1.co.uk/loans