Before you decide to have a Consolidated Loan from Barclays, make sure you ask questions. Several years ago we lumped overdrafts and loans together by having a consolidated loan. After several years we tried applying for an overdraft and Barclays would not give us one as we had a consolidated loan, and we were then told we could not have an overdraft until the consolidated loan had been paid in full. As the loan was for five years, no amount of discussions with the bank informing them that we were not given this information before we took out the consolidated loan would get them to give us an overdraft. So beware, ask for plenty of information and will this effect any future borrowing you might need.
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Jan 5th, 2001
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