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Loans

Archives for November 2005

Toyota Rate Breaker
Help! I'm buying a new car - probably inadvisable in itself, but hey. I have the cash to pay for this - currently in Cahoot at 5.25%. Toyota have offered me their "Rate Breaker" finance deal - they say a flat rate of 4.9% fixed for term of loan, 3 yrs, a rebate if I decided to settle early, full flexibility. Is this a good…
HFC Loan/PPI
Hi all, haven't written on this forum for a while been busy with work, but I sometimes come on and read some of the threads and I have been reading several threads about the possibility of cancelling PPI on a loan and avogirly sent me a template of a letter which can used to complain- THANKS AVOGIRLY! :T So, about 15 mins…
Cancelling PPI CAN BE DONE!!!!!
I would just like to thank everyone for their advice regarding my payment protection. I have a loan with Lloyds TSB, and just like everyone else, when I tried to cancel the PPI I was told I couldn't because of the loan being over 30 days old. However, I came on this forum and read up about cancelling the PPI, PM'd a few…
Should I share my credit history?
My bank has written to ask my agreement for them to share my financial performance with a credit reference agency as part of an initiative to reduce credit fraud and identity theft. I am obviously supportive of anything to improve security and reduce fraud, but was concerned to read in the small print: "Yes, I agree that…
Actuarial formulas - nerdy question
A technical question any help gratefully received! I have a personal loan with Northern Rock at 7.9%, using Martin's ideas I'd like to BT the outstanding balance from a 4.9% lifetime BT card (BA Amex) to my Egg Money card and use that to super BT the outstanding loan. The thing is I've only made 2 payments to the loan and…
loan for new business
Hoping that somebody will advice. My partner wants to start his own business - done a lot of research, got lots of contacts in a field he's been working all his life. But need a loan to get going...will like to borrow up to 20k...he's self employed and has been for years. anybody know where to start looking for best deals…
Best loan for buying a car?
I'm looking to borrow about £20k to buy a new car. The website says my best bet is a flexible loan with goldfish at 6.9% but the website says 9.9%??? I'm confused. Is it just that goldfish have upped their rate recently? If so, are they still the best to go with? Thanks in advance for any replies. Regards, airchie :)
PCP (Personal Purchase Plan) Protection
Hi everyone, I have just signed on the dotted line to purchse a new VW Golf on a PCP plan via my local VW dealer. I am happy with the deal and monthly payments but am concerned about the cost of 'payment protection' offered alongside the purchase. I would like to take payment protection cover in case I am made redundant in…
Applying for a secured loan
Can someone who as been through the application process for a secured loan please let me know a bit more about the process? I presume our mortgage provider would have to give consent to the loan and also any third parties with a second charge on the property? Who is responsible for arranging this? Is this done by the loan…
PPI Question
Dear All Opinions & advice needed. My girlfriend has an unsecured loan with LTSB. £5500 + £1200 ppi + interest, repayable over 7 years. I suspect that she may have been mis-sold the ppi (nevermind the extortianate amount). She works via an employment agency and is on a long term assignment with the same client. There is no…
Notice of Dispute letter
Hi guys, I was wondering if anyone has a template letter or something with a good affect. I had an account with T-mobile and on the 11th month I contacted them to cancell it and was told that they would cancell the direct debit and take the remaining payment on the 12th month. I expected everything to go to plan and the…
can i cut the cost of my loan?
i have a car loan of £4000 over 2 years(£193pm),do i get a new loan to pay off the existing one,or should i get a credit card on 0% and keep switching every 6 months, :confused: would this work,any suggestions most welcome,cheers,moggy
Consolidated loan help
Hi, Just wondering if anyone can help me out. What you would reccomend as the best course of action to clear a "few" debts I owe (mainly CC's). I was thinking about getting a consolidation loan to ensure I am actually paying off the capital on the loan as opposed to a lot of interest on the credit cards. My circumstances…
Lloyds tsb loan cancellation charges
Originally went to lloyds for bridging loan , for property completing end of month, but was told that because i would need deeds etc of new property could take a while to go through. So instead ive taken a loan for 20k, which i will repay in about 1 week. Was this the best thing to do? Also told that as long as i pay off…
Barclays have just sent me a cheque
I recieved a cheque from Barclays today for £51 from a loan that finished in 1999! apparently they owed me a refund on my payment protection. What a nice surprise!
Possible free money from Virgin Loan
I received a leaflet from Virgin today offering me a personal loan for £3000 to £25000,with the option of stalling the first four months of repayment. So i was thinking of applying,putting the money in savings account for four months and then repaying the loan. Leaflet does not offer very much t&c's,but it does state that…
scared and worried
This is a long story, but don't want to leave out any pertinent facts. some of the background Only daughter died 6 years ago (still grieving) Divorced, very ugly 3 years ago Moved 3 times, twice within 3 months, landlord sold property 2 major operations and a medical negligence case resulted 3 years ago 2 operations last…
HSBC Loan
Hi, Quoted by HSBC for a loan of £5000 paid back over 12 months. APR 14.9%, no PPI £448.87 per month Total repayable £5386.43 Are this figures correct? Is the charge for credit only £386.43? Cheers -Web
cahoot
Having seen Cahoot's flexible loan details mentioned on this site, I recently applied for a £15000 flexible loan to purchase a holiday home in Thailand. Both my and my husbands' credit records (checked regularly) are excellent, I have owned my own business for 20 years, my husband is in full employment. A good joint…
Loan to cancel Bankruptcy
I went bankrupt in April 2005 for a total debt of less then £10,000. Since then I've broken up with my partner (who also went bankrupt, but for £30,000), will be moving back home, and getting a full time job. Does anyone know where I might be able to go, or a reputable company that will possibly lend me the money so I can…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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