What is credit scoring?      
Different lenders may take some or all of these questions into account when deciding whether to accept your loan application
 
What are Credit Reference Agencies?      
They also hold records of all the credit agreements you currently have, and have had in the past. They record details of late payments and defaults on loans and credit agreements, and also County Court Judgements (CCJs). They can hold these records for up to 6 years for each loan or credit agreement.
 
Can I see my credit record?      
If you wish to see a copy of your file held by credit reference agencies, you should write to them giving your name and current address, along with previous addresses. You should enlose a fee of ?. The credit reference agency will then send you a copy of the details they hold about you.
 
Credit reference agencies      
Equifax Europe Ltd Consumer Affairs Department Spectrum House 1A North Avenue Clydebank Glasgow G81 2DR
 
The Consumer Credit Act (1974)      
The government department that oversees the loans and credit industry is :
 
What is the 'APR' of a loan      
The APR quoted helps borrowers compare loan offers and choose the best deal available to them. The APR offered to borrowers can vary greatly, and the lender reflects the applicant's individual circumstances when making a loan offer.
 
What if I have been quoted a high APR?      
If a lender decides to offer a loan to a high risk applicant, the APR offered will in general be on the higher side.
 
Our Interest Rates      
At this stage, it is then up to you if you wish to continue with the application. You are under no obligation to accept the loan offered - the lender will make it clear to you at what stage the application becomes a binding agreement.
 
Should I take out payment protection?      
All we will do is recommend you insure your repayments, then leave the choice to you. Please indicate on your application whether you wish to take out this protection. When you receive your loan offer, you can change your mind, and inform either ADM Loans or the lenders directly.
 
What is a secured loan      
Because the lender has security, the interest rate (APR) offered is usually lower than for unsecured loans, but rates can vary greatly depending on individual circumstances.
 
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