Debtbuster offer loans than can be used for a variety of purposes. The name is a trading style of Central Capital, a specialist secured loan company.

They claim to make the loan application process very simple but their rates can be higher than other companies. This should not be a worry, because they accept a wider range of applicants than companies that advertise lower headline rates.

When we originally published these pages back, the best rates for the typical APR on a personal loan were around 6.3 per cent. It's a result of current times that companies like Debtbuster loans now quote their typical APR as 18.5 per cent ( 13/2/2009) - almost 3 times the best rate of 2007 and that's despite base interest rates falling to an all time low. It may seem difficult to understand how loans have become so expensive. This is partly due to the type of customer Debtbuster is providing loans to but also down to the more stringent acceptance criteria being applied to new loan applications.

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