Can I switch my loan to another company?

Moving your loan from one lender to another could save you money if you get better terms. However, there are some things you need to consider before deciding whether it is the right option.

Here are some things you need to know if you want to switch your loan to another company. 

How to switch your loan to another provider

Moving from one lender to another isn’t like changing your mobile phone contract or switching to another utility company.

Morses Club PLC (LON:MCL) is an established, relationship-driven consumer finance provider offering a range of credit products and delivering exceptional services to customers in the non-standard finance market.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Morses Club

More articles like this

Morses Club

Doorstep loans myth busting

Facts are important. When it comes to doorstep loans, a lot of people may already firm opinions, despite not knowing the real facts about how they work. Second-hand information, assumptions and falsehoods could all have contributed

Morses Club

Why is my credit limit low?

If you’ve just successfully applied for a loan or a credit card, you may not have been given as much credit as you’d hoped for, and perhaps you’re wondering why. So let’s take a look at

Morses Club

How to choose the best loan for you

Finding the right loan could make your borrowing cheaper, lower risk and easier to manage. There are many different types, for different purposes and all with different interest rates to consider. So while that might make

Morses Club

Challenger and digital-only banks reviewed

Digital banks, sometimes referred to as challenger banks, are app-based banks that don’t have physical branches. They started to gain recognition around 2014-2015 and have steadily grown in popularity. Many people use digital banks alongside traditional

Morses Club

Overdraft vs a loan

There are times in life when, for whatever reason, you may be struggling for money.  Perhaps you’ve had to spend an unexpectedly large amount in a short space of time, and your available funds are getting

Morses Club

What is revolving credit?

It’s a strange-sounding term that you may not have come across before. But most of us use it every month without thinking about it.  Which begs the question, what is revolving credit? Find out more in

Morses Club

Morses Club and Shelby Finance to operate as separate divisions

Morses Club PLC (LON:MCL), an established provider of non-standard financial services, provided today the following update to its investors. Following an ongoing review of the proposals for the reorganisation of its business and corporate structure to introduce

Morses Club

Doorstep loans myth busting

Facts are important. When it comes to doorstep loans, a lot of people may already firm opinions, despite not knowing the real facts about how they work. Second-hand information, assumptions and falsehoods could all have contributed

Morses Club

What is a direct lender?

It’s a question that could pop up when you’re considering borrowing money, thinking about a direct short term loan or searching for a low interest loan provider that’s right for you. What exactly is a direct

Morses Club

Interest rates explained

When it comes to loans and finance, many consumers are still left perplexed or intimidated by what phrases such as ‘interest rates’ and ‘APR’ really mean. Here we’re going to explain in simple terms just what

Morses Club

Why is my credit limit low?

If you’ve just successfully applied for a loan or a credit card, you may not have been given as much credit as you’d hoped for, and perhaps you’re wondering why. So let’s take a look at

Morses Club

Everything you need to know about instant loans

You’ll probably have heard the term, you may have even considered applying for one. But what exactly is an instant loan – and is it right for you?  Let’s take a look at the varied types

Morses Club

Overdraft vs a loan

There are times in life when, for whatever reason, you may be struggling for money.  Perhaps you’ve had to spend an unexpectedly large amount in a short space of time, and your available funds are getting