How Much Does a Loan Cost?

How Much Does a Loan Cost?

When you take out a loan, you repay the initial amount you borrowed plus interest charged over the whole period of the loan, plus fees and charges and insurance if you sign up for it.

Getting Value for Money

I want help and advice on managing my finances

Consumer Credit Counselling Service

- Free independent advice on handling debts.
- Freephone 0800 138 1111
- www.cccs.co.uk

Credit Action

- Gives financial advice and education, and also offers counselling for debt problems.
- Freephone 0800 138 1111
- www.creditaction.org.uk

Citizens Advice

- Helps people resolve their legal, money and other problems by providing free information and advice.
- Telephone 0207 833 2181 for the National Association, or your local telephone directory for your nearest centre.
- www.citizensadvice.org.uk

The National Debtline

- Phone helpline for people with debt problems.
- Telephone 0808 808 4000
- www.nationaldebtline.co.uk

Further information

The Office of Fair Trading has a functionality on its site where you can calculate your repayments

The Association of British Credit Unions Ltd provides information about credit unions, and how they work. There is also a search facility to find one which you could join.