Lenders have to tell you what the APR is before you sign anything... They probably won't write off the debt (although it's always worth a try) but they might be willing to accept smaller repayments over a longer period of time... If you do need to borrow and cannot repay the amount very quickly, you might be better off with a bank loan... http://www.secured-loans-1.co.uk/loans
Of those who received some explanation, only about half said they were well explained... If the trader claims you missed a payment or were late with one and you cannot prove otherwise, it could cost you a great deal of money... Maybe you will find ways to cut back on things that are not essential so that, if you do still need to borrow, you won't get into difficulties... http://www.loans-companies-uk.co.uk/loans
This raises questions about commission incentives for brokers who are selling PPI... Also, if you are planning to have a heavily discounted product, allow some leeway in your calculations for when the discounted offer ends... http://www.debt-consolidation-loan-in-uk.co.uk/loans
This may give potential borrowers the perception that there is more competition than really exists... It is not clear how successful this has been because of difficulties in defining a 'tangible net benefit'... http://www.1steploans.co.uk/loans