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Will i be able to get my bank to lower the repayments on my loan due to the credit crunch? (uk)?

Hey yes there are a few options available to you:

Citizens Advice Bureaux: contact local department

OR

If loan is through a bank, they will have a financial difficulties department, whom you can contact through telephone banking. they are willing to compromise with payments if you explain your situation, the best thing is to contact your local branch a.s.a.p and therefore this will not interfere with your credit score, if the loan company understand your circumstances, they will give you a bit more le-way rather than running away from your problems. Need to ask anything else, just send an email. hope that helps waps x

 

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