Fraud Alert

We have recently been made aware of a loan fee scam operating in the UK: individuals receive a call offering a loan on the condition that an upfront fee is paid before the funds can be released. The fraudulent broker asks for fees to be transferred by vouchers or money transfer and often falsely claims to represent legitimate loan providers or brokers who are registered with the Financial Conduct Authority (FCA). The genuine loan provider or broker is in fact unaware of this activity and is the victim of corporate identity theft.

A more detailed description of the scam can be found on the FCA website: does not arrange loans or take money from visitors to this website. We are a comparison service that enables individuals to compare loans from different legitimate lenders according to their personal circumstances. We do a “soft search” of your credit data and match that against lenders lending criteria showing you whether you are likely to be accepted. This search leaves no mark that is visible to lenders on your credit file.


If visitors to our site have had any experience of loan fee fraud they should contact with Action Fraud, the UK’s national reporting centre for fraud and internet crime, on 0300 123 2040 or by visiting

Personal loans

Personal Loans are usually offered by the larger banks. You can use them to borrow between £1,000 to £25,000. They tend to have relatively short terms ranging from 12 months to 7 years. Personal loans are often advertised with low headline rates or APR’s which can make them look very attractive or cheap. However the reality is that they are reserved for people who lenders consider to be low risk or have a near perfect credit rating. Therefore you are unlikely to get one unless you have an excellent credit record. Our advanced credit matching technology shows you the likelihood of you being accepted before you apply without affecting your credit rating so you can apply with confidence.

Homeowner loans

Homeowner Loans allow mortgage holders to take out a second charge loan on their property in addition to a mortgage. These loans are secured against your property, meaning that you could lose your home if you don’t keep up repayments. However if used properly they can allow borrowers to access relatively large sums of up to £100,000. Because the loan is secured against your property, you may be accepted for a secured loan even if you’ve been declined for a personal loan or if your credit rating is not perfect. It might be possible to use a Homeowner loan to create lower monthly payments on existing debts to make them more affordable. Homeowner loans run for longer terms of up to 25 years meaning you can spread the cost of your debts which should lower monthly repayment. However be careful, although the monthly payment may be lower, over the lifetime of the debt the total amount you pay back is likely to be higher.

Bad credit loans

There has been a sea change in the loans world in the last few years. Lenders have a completely different attitude to who they will lend to and this has meant that hundreds of thousands of people have been ‘re-priced’ meaning they are now considered to fall into the bad credit category. If this is where you find yourself it’s very likely you’ve done nothing wrong. It’s essential to find a product that is affordable and can help you rebuild your score so that in the long term the cost of your borrowing starts to go down. Our personalised credit comparison tool allows you to compare all kinds of loans see if you are likely to be accepted for them first time. What’s more, it’s 100% free so you don’t need to pay someone for the benefit of comparing loans!

Credit cards

It’s a little known fact that it can often be much cheaper to borrow on a credit card than take out a loan. In particular if you’re looking to consolidate credit card debts or you want to borrow less than £2000, a credit card can offer beat a loan. Find out if you can borrow for less on a credit card by reading our credit card guide. A credit card could be cheaper than a loan if: You are trying to consolidate existing credit card debts. You want to borrow less than £2000.