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Cahoot Flexible Loan Feedback
Hi Guys, We're looking for some feedback from any of you who have a Cahoot Flexible Loan product, and specifically anyone who took it out over 12 months ago. On the product info page at Cahoot it states We've recieved some emails from site users saying that after the first year, their loan did jump to this high rate - has…
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return car to finance company
I have had a car on finance for 5 months but i am now in a position where i dont use it so could do with getting rid. i was told some time ago that you can give the car back to the finance company and not incur any more charges. I would like to give it back rather than suffer the indignaty of repossesion. What I need to…
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Looking for a loan - but have a new job
Early next year I'll be looking at getting a new car loan - circa 15k. However, I changed job last june and wonder if this will affect the application e.g. reject or offer a higher rate of interest. I have a Cahoot loan that's nearly 2 years old (will pay this off as part of the process) and got 5.9% at the time (the best…
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should we borrow 10K on a mortgage or by other means?
HI there moneysavers. Could anyone help us decide whther to stick with our decision of borrowing 10K on a mortgage at base rate plus 0.63% over 17 years, or to move it to a cheaper credit card and pay it off earlier? We have no redemptions onthe mortgage so could move it or make overpayments onthe debt so it is paid off…
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Loan to credit card- a saving?
Following Martin's advice on R2 last week I have decided the time is right to become a little more finance-savvy. I need some advice already though, as have never had a credit card: I have £8k and 2.5 years outstanding on a 13k 5yr RBS loan with 6.7% rate. Would like to follow advice and move to Amex at rate of 4.9%. Am…
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Princes Trust insisting on Direct Debit rather than Standing Order
Hi All, Couldn't decide whether I should post this on here or on the Current Accounts board but here goes.. Mt other half has a loan with the Prince's Trust which she is paying back £25/month (interest free) via a satnding order. Last week they wrote to her and said their bank would no longer be accepting standing orders…
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Help: AER v's APR
Hi was wondering if there was anyone out there who could give some advice. What is the difference between AER and APR. I have read the definitions banks etc give but what are their true meaning in relation to one another. For example, if I bought something for £20,000 on 6.9% APR (3.25% base rate), if I had that money in…
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Loans.co.uk!?
When i lived at an old address i got mail from loans.co.uk asking if i wanted a loan. I refused and they still send mail. The thing is - im no longer at that address and im worried someone there will fraudently "be me" and take a loan on my name and that addy and i will have to pay it back... Advice please. x
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a 10k loan
Hi MSE I am in the process of doing up a house, "we" paid cash for the house and have used our savings to do most of the work. I will need around 10K to finish the house and then I will also need to pay back my parents who have helped us out with money to get the house in the first place. (they lent us the money to buy the…
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A&L new loan
First post on here so bear with me please. Have a £25000 loan which has a settlement figure of £24900., repayments are £624.32 per month started april 20005, not a problem, just trying to follow Martins advice re budgeting, have £7000 savings to pay off but current loan arranger does not allow overpayments. Asked Abbey…
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Cahoot Hike Interest Rate Up On Existing Loan
Hi I have had a Cahoot Flexi loan at 5.8% which was agreed in April 04 and I drew upon it in Nov 2004. I have just had an email to say that the 'promotional rate of 5.8% has finished' The rate is now 8.5%. I am pretty good at reading small print and I can not remember the words 'Promotional period'. Yes i knew it is…
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Consolidate debts
HI, I have 3 credit cards & a budget account totalling £12K in debt. I want to place them all on a loan or something to make it more affordable as I keep switching the debts to new credit cards with 0% interest & pay them off like this. Is there a low interest rate credit card out there with a high limit or a loan? Other…
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unsecured 15k loan
applied for a 15k loan with my bank who said come back in three months. i need the loan sooner to complete a house purchase. my credit file shows two defaults that are over 2 years old. i have ford credit finance and not missed a payment and 2 credit cards and no late payments. dont really want to apply left right and…
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Do Barclays loans do 'payment holidays'...?
Hi all Was just wondering if anyone knew if Barclays would consider a 'payment holiday' for 3 months for long time customers while I am trying to to bring my monthly outgoings down..? I'd like to allocate 3 months worth of loan payment to sorting out other small debts elsewhere.. Thanks terry
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Egg Loan - online credit agreement
I've recently taken out an Egg loan and once I was approved I was told I will receive a credit agreement which I should sign and send back OR I can click on a link on an email they send me and just tick a few boxes and agree to the loan that way. Is this a new thing? Has anyone else come across this with any other lenders?
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Moving Loan To Life Balance Credit Card
Hi everyone - I've got a loan that is fo £11500 (if I pay it back now) 3.4 years left to pay, the interest rate is 6.9% Is it worth moving it to a life of balance credit card? I would like to clear it quicker too! What do you think? :rolleyes: Thanks
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can i do this? question about a loan
halifax r offering 6.7% for loans of 7,000 and over. i want a loan for 5,000 and the intrest rate for this is 9.5%. i was thinking,if i was to get a loan for 7,000 at 6.7% then 2 days later pay back 2,000 ( leaving me with 5,000 that i need) will the rate still be 6.7%??? the reasone i want 2 use halifax is coz i have…
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Nationwide Loan
I'm buying a 2nd hand car and I'm opting to take out a Nationwide personal loan at 6.7% APR. Going witht them as the APR is fixed, Ive seen offers about for 5.5% but its subject to my credit rating. I dont want to apply for the loan then get called that I am not eligable for the market leading rate and then get offered…
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loan wanted while unemployed
early this year i was made unemployed. i managed to transfer my loan to a new credit card with 0% intrest rate. that period is due to end soon. i have around £3500 outstanding. can i get a loan to pay off the credit card while unemployed. i know CC interest rates are higher than the banks. or am i better off ringing my…
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100K homeowner loan, possible?
Hi everyone. Please help me. We own a property valued at £640,000. Purchased last April for £595,000. Mortgage balance is £468,000. We have Loans of 30K, 25K, and 20K. The monthly payment for this is £1100. No defaults or CCJs. We would like to borrow 100K for new kitchen and pay-off all the loans above. Do you think a…