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To save or to pay off my debts ?
Hi People Point me in the right direction please. I am self employed for just 2 years and find it difficult to get competitive loans/mortgages. *I am buying a property £200k with a self cert mortgage on an INTEREST only basis @ 6%. *I have a £15K overdraft @ approx 7% from my business manager to help pay a deposit on this…
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Loan advice - borrow more for better rate??
I'm on the verge of taking a loan I require for various consolidations etc. Question is do I take a loan for the amount I need, £6000? OR take a loan for £12000 to get a better rate? If I take £12000, I will repay the excess £6000 after the first month and then have the £6000 I need at the cheaper rate (saves 2%.) i…
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This will probably be a new one on everyone...
I'd be eternally grateful for any help or advice at all. I'm at the point where I can't see a way out and don't know where to turn or what to do. I realised at the end of July that my cards were being used excessively for gambling on Betfair. They jumped from being used for groceries occassionally to having almost £16,000…
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VERY short term loan
My parents need to borrow £16000 (sixteen thousand pounds) but only until 5th November when a policy matures and they can pay it off. No one seems to want to offer unless charging astronimical amounts of fees/interest. Can anyone help with ideas???? ;D
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Bridging loan
:-/ I need to bridge 150,000 for 3 weeks. Bank are quoting me 8% ish. Can anyone suggest a cheaper way for the short term? Thanks.
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Egg Top up Loan - Rate Change
Hi all, wondering if someone with more mathematical skills then me can help.. I have an Egg loan at the moment that has about 2 years left to run (approx 5k) at 10.9apr. Egg are offering me a top up loan which I would normally say no to but if I do accept it the WHOLE loan goes down to 7.9Aapr. I need only borrow a further…
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Loan application after moving house
Just moved house. Want to apply for an egg loan to consolidate/adjust timeframe of repaying current c/c debts of £7k. Have had one in the past (£5k) , which I repaid early. I am also an egg cardholder, and use it frequently, paying it fully off now and again. Have not sent off the electoral roll form to the council yet. Do…
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advise anyone on a £7000 debt
hi i owe £7000 for a loan i took out couple of years ago i went to c a b and sent of a financial statement to them to say i have not much money coming in esp now my wife has had twins 5 weeks ago they havent written back yet bey someone came to our door and left a card when we where out so i phoned him i never gave out any…
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After signing for a loan, cooling off period?
After signing for a loan (£1000) is there a period when you can cancel the agreement? TIA
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Northern Rock offer me 6.9%
have recently applied for a loan with Northern Rock which I was expecting the 5.8% rate, though I received the application today through the post and have been given 6.9%! I have had three loans in my life and succesfully paid them off, in addition to this I had my pc on 0% finance 9 months which 14 days ago I paid off…
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Help with clearing your debts....
Hi all ;D Not sure that this is the right place to post this but here goes anyway ::) I have been gradually clearing my debts over the past twelve months. I don't owe as much as some on this site :o but much more than others :-[. I have found debt settling quite boring really as the money goes out of the account never to…
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My Grandad is in debt help me help him
Hello All :) I was wondering if anybody could point me in the right direction. My nan has not long passed away and my grandad now on his own has debts of. Loan £11,000 Barclay Card £1300 He no longer has any Credit cards, he lives in a council house with his rent paid and claims a goverment pension. He Pays £40 per month…
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Defaults
I recently checked my credit file and discovered I have 2 Defaults from catalogue shopping. Do I have to wait the whole 6 years before they are removed from my file? Can I ask the creditor to remove them?
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Making Money using Plastic
I'm on my "third round" (i.e. every six months I have to clear the 0% transfer balances). I have, on average, 6 cards at a time with approx £5K on each. I have a "true" debt of about £8K. It doesn't really matter cos I ain't paying any interest on it. And, in any case, the debt is reducing by virtue of my monthly payments.…
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Early repayment with Time Retail Finance loan
I currently have a "loan" with Time Retail Finance (through Comet) with approximately 6 or 7 repayments left to make. According to my calculations I owe about £60 and was considering paying it off in one lump sum. Currently I'm paying £10.08 a month and have been since 7 May 2002. Note : At the time we had little choice…
