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    Hello all,

    Recieved a pack this morning for a career development loan, just wondering how easy these are to obtain? Just i have a 2000 loan with my bank and a 2000 overdraft? Ideally i would like a CDL to pay these both off and then just pay this loan back on a lower interest level? I have just been accepted on to a full time job so i can pay all this money back pretty simply just wondering how easy it is?
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    (Original post by mickiship2012)
    Hello all,

    Recieved a pack this morning for a career development loan, just wondering how easy these are to obtain? Just i have a 2000 loan with my bank and a 2000 overdraft? Ideally i would like a CDL to pay these both off and then just pay this loan back on a lower interest level? I have just been accepted on to a full time job so i can pay all this money back pretty simply just wondering how easy it is?
    You can't use a CDL to pay off other loans. A CDL is for the purpose of education and training - when you apply you have to state where you're attending, what course etc.
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    Ah well i have an outstanding tuition fee payment of 1100 so i could use it for this?
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    (Original post by mickiship2012)
    Ah well i have an outstanding tuition fee payment of 1100 so i could use it for this?
    I'm not 100% sure you'd have to ask one of the providers of the loan. I don't think you can though.
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    Ah so it would be used for the cost of the whole masters course?
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    (Original post by mickiship2012)
    Ah so it would be used for the cost of the whole masters course?
    Yes, you tell them you're going to study a course, they pay the money straight to the university, and then you begin to pay it back one month after the course ends.
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    It isn't a low interest rate either once you start paying it, it is higher than a bank loan.
 
 
 
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