Below are some of the most commonly asked questions about loans and credit for funeral costs.
Where can I get a loan for a funeral?
Many funeral directors work with specialist loan companies to arrange payment plans for funerals. There are a few funeral directors who have credit licences and are able to offer these arrangements themselves.
When considering taking out a loan, it is important to consider the payment amounts that will be manageable for you, as well as any interest rates.
You may wish to shop around for the best rates, and consider credit unions.
Please ensure you are borrowing from an authorised lender. Sadly, illegal money lenders (sometimes known as loan sharks) are known to approach families in financial difficulty following a bereavement.
If you think you have borrowed money from an illegal money lender, please contact Stop Loan Sharks
My 'friend' says I can borrow the money, as long as I pay it back with some interest. Is this a good idea?
Sadly, illegal money lenders (sometimes known as loan sharks) are known to approach people who they recognise to be in financial difficulty, particularly in distressing times.
Genuine friends may offer to lend you money to help with the funeral costs, but only lenders registered with the Financial Conduct Authority can legally charge interest. If they are not a registered lender, we urge you not to borrow from them. If you think you have borrowed money from an illegal money lender, please contact Stop Loan Sharks.
For answers to common questions about other ways to raise money towards funeral costs, and other topics, you can return to the main FAQ menu.
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