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Need Money to Build
We own our house and are about to build a new bungalow in the garden. What is the best way to borrow money to finance this. Will it be better to get a mortgage on the house and then pay it back when we sell? All our plans are passed by the council and we have about 17.000 to begin the groundwork but we need about 40.000…
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Insurance - Being accepted after sickness claim
A friend of mine had a car loan and due to long term sickness relyed on the 'sickness cover' (the official term escapes me at the moment) to cover the last 12 months of the loans repayments.... He has now returned to work (over 12 months ago) and is looking to get a new loan to purchase a car. Will there be any…
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Looking for an offset loan
Hi All I'm looking for an loan I can offset with my savings. Have talked to if.com who have stopped doing the product in the last month due to customer feedback (of course nobody asked me !). I am not looking for a CAM (current account mortgage) product as my mortgage is staying where it is. Any pointers welcome. Many…
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In Debt with USA trust Fund
I am in debt in the UK, but have recently come into a small inheretence (in a USA Trustfund) that would clear my debts. The problem is is that the company will only issue a cheque or bank transfer in dollars. Should I pay of all my debt, and how do I get a good exchange on my money? ??? If I did get a good exchange should…
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Stuck. Need Help quickly!!!
Are finally starting to see a bit of light at the end of the debt tunnel, tho things are still a bit tight. Credit rating is BAD, but are working hard at rebuilding. BUT, car has now been has now been condemmed and will not make it through the MOT in 3 weeks time. I work nights and cannot get public transport home when I…
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IVA questions
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Best option for getting rid of car credit?
I currently have 2 car loans, but am looking to reduce my outgoings following redundancy. Does anyone have any ideas how best to go about it? Both vehicles are less than 2yrs old and I must stress that all payments are up to date. I think its a case of being between a rock and a hard place as if I keep paying until I've…
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What if a bank can't prove the amount owed?
My wife had a long outstanding debt with Nat West (going back to the late 80's). We were paying an amount monthly for a while but stopped due to circumstances and as a result of various student and post-student house moves, have no statements. Nat West have tried to use various agencies and methods over the years to try…
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Moving Abroad. What should I do?
At the end of next month I am moving to New Zealand. My only concern relates to the debt I have here. I have 2 loans and 2 credit cards. In total we are talking about £20000. I aim to continue paying as I am keeping my UK bank account and aim to transfer money from my wages to help keep paying. I can also manage all my…
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Pay off loan with another loan?
I have a Loan from Sainsbury's that I used to buy my car. I would like to know if there is a way to pay some or most of the loan, by getting another loan with cheaper interest. Any help/advice would be appreciated. I've just joined and am spellbound that there is a sight out there, which is willing to help for FREE no…
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£100k unsecured debt!!!!!!!!!!!!
I am 32, married with 2 children and expecting third next year, my debt has gone bonkers , I dont know where to turn. My wife has to stop working soon and I only earn £1200 a month, My mortgage is up to the max ( 105k) and my wife doesnt know the extent of my debt. I have just been able to take new loans for 25k and used…
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Advice wanted about arreers
Hi all I'm kinda embarrased posting here. A few years ago I was in an abusive relationship with someone who ran up huge debts in my name. I could have taken some measures to transfer the debts or something before breaking up with this guy, in fact I was trying to gradually do that (I managed to get two credit cards in his…
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Payment Protection Insurance - personal loans
Hi everyone, I'm looking to consolidate my debts as I'm a regular credit-card-tart but have too many on the go right now to really keep track of in an efficient manner. I also want to cancel some of my cards so I can re-apply and get the introductory rate again :-) I've been offered a 6.9% personal loan by Egg (I tried the…
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will applying for loan affect mortgage application
I am in the process of remortgaging to another lender. Should I wait until I have the offer until I apply for a loan, or is it OK to apply in the middle of the application
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swap cahooot flexible loan to fixed rate to save
i see that with cahoot u can swap around i have a flexible loan with them with is 7.7 apr at the moment but it i swaped to a fixed rate it would be 5.7 am i better off doing this?
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12 k in debt, loan declined, advice please..
Firstly hi to all, great site. OK, my problem is that I am 12k in debt. This is spread over 3 credit cards and an overdraft. I have actually been reducing the amount by changing cards frequently etc but as I always only pay the minimum amount its taking a long time. I decided to try for a Northern Rock loan....but was…
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using cheap loan(s) to pay off expensive overdraft
Barclays charge me 3.75% over base rate (an effective rate of 8.50%) to cover an overdraft of £25 K. Would it be feasible to use plastic to repay this hefty charge?? There must be many small businesses out there who would be interested in hearing what alternatives there are to being in hock to their bank. ??? ???
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Am i doing the right thing?
Hello, i am 24 years old with a permanent full time job and earn just under £13000 a year, the trouble is i am over £21000 in debt. its all my own fault etc etc but i am confused. i was going to take a second loan over 3 years to clear the remainder of my credit cards (£2500) and then get rid of all but one for emergencies…
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Debt in UK, living in the USA
Here's the situation: I was living in the UK until 9/02. Just before I left I took a consolidation loan to pay off credit cards - loan was for (pounds) 20K. That left a balance on one card of c. (pounds) 5k. I have no assets in the UK, and am exceptionally unlikely to ever return - married, kid in USA..... Exchange rate is…
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Ripped off and nothing I can do?????
Hi, I'm an ex student is due to graduate next month. I say ex as I have actually been working full time for over a year now, but went to night school in order to complete my degree. The reason I had to do this is bacuase I could not afford to carry on in full time study as I had that many debts. Due to being at college and…
