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Can you get another loan if you already have one?

Taking on too much debt should be avoided whenever possible, but sometimes unexpected costs can crop up. If you’re already paying off a loan, then these costs can be worrying, however it may be possible to get another loan to help pay for them. 

Options for additional loans

Different lenders have different policies, so your options for an additional loan may be limited, depending on the terms of your current lender. Consider all your options before deciding which is right for you.

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.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.