All of the options outlined below can help with a temporary reduction in outgoings. However if you reduce your payments, interest will continue to build which will mean that you'll pay more for your loan than was originally stated. So, it’s important that you only apply if you’re currently having difficulties making your loan payments.
We may ask you for further information depending upon your circumstances, please make sure all the information is correct. If not, this will cause a delay in dealing with your request.
One of our team will contact you to discuss your financial circumstances and your requirements.
If full payments are not made on your loan, there may be circumstances in which we have to inform Credit Reference Agencies and this may impact your credit rating/score. The extent of the impact to your credit rating/score will depend on your overall financial profile. If this is the case, we will inform you during your application.
For further information on the impact you should speak with an independent debt advice agency who can give you support and advice.
We understand that worrying about paying your loan either now or in the future can cause a great deal of stress, but it’s important to talk to us now, so please do get in touch. Our friendly team is on hand to help you. We’ll listen to you and walk you through the options available.
You can also visit our page on financial difficulties, where we have some practical tips and links to independent agencies who can also give you support and advice.
