Speak to an adviser:
0800 040 7064

Professional advice

Take ControlWrite off unaffordable debtSpeak To A Debt Specialist Today 0800 040 7064

Take Control
Write off unaffordable debt

Speak To A Debt Specialist Today

0800 040 7064

Do You Qualify?

    About Your Debt

    About You

    Borrowing money in the UK could become an increasingly expensive way to spend, according to one expert.

    Neil Munroe, external affairs director for Equifax, has maintained that lenders could force consumers to seek out more expensive debt by rejecting their requests for loans and credit cards.

    Millions of people are already facing money problems and being forced into using sub-prime lending could add to their debt management difficulties, Mr Munroe has suggested.

    In fact, the Equifax spokesperson said that there is likely to have been some people "around the margins" that have been rejected by high street lenders and have sought loans with high rates as a result.

    He said: "If the banks start to reject people more…they may be forced into more high cost borrowing, so forced down into the sub-prime or near-prime market, whereas before they might not have considered going there."

    According to data from Credit Action, the typical British household has a debt management burden worth more than £9,000, excluding mortgage arrears.

    Do You Qualify?

    We are fully authorised and regulated by the Financial Conduct Authority. Speak to one of our fully trained, financial solutions specialists.

    Check If I Qualify