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0% loan until 1st March - stoozing alternative?
According to todays Sunday Times Cahoot are offering a loan up to £20,000 at 0% until March. There are no penalties for paying it off early and the minimum monthy repayments are only 1.75% (£50 min). This compares favourably with credit cards used for stoozing, athough the interest free period is only 5 months. After the…
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WHAT CAN I DO?
I thought a loan I had had for seven (yes seven!!) years had finished in September so I cancelled my d.d to them. They had since wirtten saying a. the loan doesnt finish til next year and b. I have to pay loads of cash in late/missed payment fees. I asked for a copy of my original loan agreement and terms/conditions. They…
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I am starting at the right place!
hi, After sitting down with my partner to sort out both of our debt i just want to get any advice on the best way to pay it off. In total we have Me 975 and 350 on overdrafts with HSBC and ABBEY, these are both 0% with 1000 limits reducing to 500 next AUG. 6155 car loan to parents so 0% 6200ish student loan taking 30 per…
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Sterling Green Debts Manangment
has anyone know about Sterling Green Debts Manangment if so can you give me some feed back on them please. many thanks
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Not a bad debt, just after better terms.
Hi peeps. Just a quick on really re: credit cards. I know there is a credit card forum but this is a combi question :) I have £2300 on an Egg card at the moment (the only credit card I have) and I dont pay the balance off every month, just slightly more than the minimum. I have had it for several years. I dont spend on…
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How is APR calculated
Hi I know that this has probably been discussed about a million times, but I have had trouble finding the posts. Can anybody explain how APR is calculated? I'm reasonably sure that it is the interest rate adjusted to include charges but my knowledge stops there. Does it include late/non payment fees? or anything else? What…
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What's the best way to repay?
I have debts totalling 7.5K and would like to know the best way to repay them. I have 3800 on Barclaycard, 1200 on Virgin and 1000 on Mint - all currently 0% (still it looks very scary written down). Also 1500 overdraft with Lloyds also 0%. My question is do I keep tarting about for interest free card rates hoping I won't…
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Post Office Loans
Has anyone got a loan from the Post Office? They seem to have fixed rates rather than typical rates and so it should be a case of knowing what rate you will get before you apply. The best rate is currently 6.4%.
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Help required - First Plus (Rule of 78)
Hi readers, I am looking for some help & I can offer my opinion on the service from First Plus. Around two years ago I found myself in the unfortunate position that I felt I had to approach on of these secured loan companies. After reading the literature which indicated a repayment penalty of #19.46 for every thousand…
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384k Debt Pardon
Thank you M'lad ;) Lucky or what ! Okay the interest was extortionate i.e. £6k to £384k is extortion, but they should at the least have to repay the original debt of £6k I think this sends out the wrong message, it may make people in debt think if they leave sortign out their debt for a decade or so, it will get written…
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Credit scoring - cards v loans
I'm intending to switch my car loan to the the Mint credit card as they are offering a 'fixed for life' rate on balance transfers. But it occurs to me that there may be issues with credit scoring to have a £5k credit card debt as opposed to a car loan. Anything to worry about?
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Egg Loan Overpayments
I owe about £16K on an Egg Loan, but because business is improving I'm thinking now would be a good time to throw some more money at this debt. My question is would it be worth me doing a few one off overpayments into my Egg Loan? Or would I get stung with this rule of 78 stuff? Thanks, Mark
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Bankruptcy - consequences?
Hi, I'm currently about £24,000 in debt to various credit card and loan companies... all unsecured. I have no assests worth selling really... I'm starting to have problems keeping up with repayments - I've been repaying up until now from my wages, but then I run out of money by the middle of the month and have ended up…
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Advice sought
Hi, i'm hoping someone can give some advice. I'm trying to sort out mine and my boyfriend's finances. I've done the budget from this site, and swapped gas & elec etc and put us both on a weekly budget so our debt won't get any bigger, so now we need to find the best way of paying off what we have got. Mine is sorted for…
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voluntary repos
:-[I recently voluntarily turned a fairly new truck & car back in to the respective financial institutions. I could not afford pmts after changes in income. I now wish I had sold the vehicles and paid the bank what I could, but there was too much negative equity to do so. Anyhow, on my credit report, they are shown as…
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20K in Debt need some advice please
Hi Everyone :) i have been reading Debt section for 2 days now , have gathered lot of information that I didn't know. would like to thank everyone for there advice . However I hasn't been able to get an exact answer of what I need , need some Advice Thanks .. I owe 20K all of which are credit cards , 10K Halifax(Classic…
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Bank of Mum and Dad - BBC2 8pm Tuesdays
For couch potatoes - the easy way to learn how to manage your debts. And a good lesson and example to those not yet swamped by debt ! 8)
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Selling a Car with Finance outstanding on it.
I hope this is the correct place to post, and any advice would be greatly appreciated. My daughter has been buying a car through the manufacturers finance, but has decided to travel a bit when she finishes Uni in May, and so doesn't see the point of keeping the car. Her problems are as follows: She owes about £8500 on the…
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Getting out of a PPI deal - would this work?
Question for anyone knowledgeable in the ways of purchase protection insurance policies. If you found your circumstances changed such that you were ineligible to claim under the policy, would that entitle you to demand its cancellation, on the grounds that the company intended to breach its contract? An example would be if…
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Advice Needed
Hi, I am new to this site, and this is my first post. I am realy looking for advice on how to lower my debts. my situation is: I have 2 personal loans, 1 @ £5000 with 2 years left and 1 @ £4000 with 3.5 years left. I also have a car loan with 2.5 years left. I have a Barclaycard with a £750 limit, with nothing left to…
