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Can I cancel Protection
I took a £2k loan out in December, I don't start repaying until March. At the time I took out payment protection which costs £200. I was sent out a bill protector acceptance form, and it says it had to be recieved by 11/01/06. I've not done this. I no longer want this payment protection as I can get it cheaper elsewhere.…
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interest free loan???
As Baldrick would say I have a cunning plan, Apart from my Mortgage I am debt free and need to raise £12,000 for an investment which i want to pay off over 4 years with low or no interest i do not have enough Limit on my credit card to help. My Mortgage is one of those current account decreasing overdraft types and i am…
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Question about Loan Repayments
Hi Can anyone answer this question ? I was under the impression tht interest payments got lower as you paid off your loan not higher ? Or is this because the number of days in a month dependant on what month it is ?? Please can someone advise before i ring barclays and make myself look stupid ?? Thanks
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Your own Bank.. How realistic????
Hi, I have a bad credit score, but for the last few years I have kept up with all payments, direct debits, not gone overdrawn etc... However I do have a couple of credit cards and one loan that are quite high in interest, and would like to take out a loan so that I do not have to pay this kind of interest. How realistic is…
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Loans Disscusstion
Loans: A loan is a type of debt. All material things can be lent but this article focusses exclusively on financial loans. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower. The borrower initially receives an amount of money from the lender,…
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How to cancel PPI
Hi, I'm new here so here goes. I want to cancel the PPI on a loan I've had with A/L for two years so far. Whats the best way of doing this, do any of you have a template letter I could have a look at. Many Thanks
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Lloyds TSB 6.4% Loans
Hi I can't help but notice that Lloyds TSB are now offering loans with a typical APR of 6.4%. However, I do not notice them really getting a mention on either here or the MSE site itself, is there any reason for this? What are peoples views on Lloyds TSB loans and is there any major early repayment charges I should be…
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Alliance & Leicester Early payment Nightmare
Hi all, I've been approved for a £6000 loan at £5.5% with A&L I nearly took out PPI with them but fortunately came here first----Phew glad I did. They were going to charge me just under £1400 over 5 years, I used the links on M.S.E to get a quote from another company, which quoted under £400 that's a swift £1000…
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can you help me with my master plan?
Hi, I'm new here so thanks for any advice. I'm trying to help my girlfriend out. We are happy with the trust side of things as we have rented together for 5 years & have just brought a house (well mortgage obviously) 6 months ago. Is it OK to post personal financial information on here as long as me & my girlfriend don't…
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loan agreement advice
hi im new here im looking for a little advice,i recently applied and was accepted by egg,com for a unsecure personal loan of 9000 at 7.9% APR,im quite happy with this.im useing this money to clear my £1500 overdraft and and existing 5000 loan,i have never missed any direct debit payments on this loan of my car insurance…
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Loan Repayment Question!
Hi guys, As you may have seen from my other posts I am desperately saving to buy my first house!!! I have always had a budget account which works really wel for me but after reading Martin's book- I decided to look carefully at my out goings!!! My biggest outgoing at the moment is my loan repayments for my car!! Hopefully…
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Best advice before I take the plunge?
I would really appreciate some good advice on what I should do. I am about to consolidate the following debts into 1 debt with an APR of 5.5%. I have checked the figures and I think it's a good plan, can anyone spot any obvious flaws! Salary = 34000 In the bank on 1st of month = 2200 At the moment paying almost £1000 a…
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Barclayloan
I have a bog standard Barclay loan taken out in Dec 03 Started repayments Jan 04 Now then I dont have a lump sum to pay this off all at once at the moment, current out standing balance is approx £2700 However i do currently have £750 and am able to make small iregullar extra payments which will prob grow each time i amke…
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Credit Rating on a property
My son has just bought a house which had been reposessed. Are any bad debts/payments linked to this address likely to affect his credit rating and if so, who does he contact to disaccociate himself from them?
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secured loans
I can only see a secured loan as our last hope I have done a soa they cant help me and suggested i sell my house and live in a caravan. ive spoken to cccs, but even paying the min payment on all my debts i still wont be able to afford it every month (im currently out of work and surviving on partners wages) we have…
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I need a short term loan now!!!
I've got myself in a bit of a situation here and would appreciate some advice. I currently have two mortgages. One for my family home which is in joint names with my partner at £615pm and the other which is a flat and is in my sole name at £290pm. A friend lives in my flat and covers the mortgage but he has just informed…
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Early Settlement
Hello. I have received a settlement quote for my personal loan. The figure is £4468.58 including all charges. If I continue to pay monthly until paid off (May 2007), I will pay £ 4142.56. Should I pay it off now or leave the money sitting in a Nationwide e-savings account? Thanks for any help. Mike
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Need some quick advice
OK this is a slightly complicated story. A company in which I'm a major shareholder is in the process of getting sold, my proceeds from the sale will be substantial in the mid six figures (and no tax implications as I've held the shares over 5 years). Unfortunately (for reasons I won't bore people with here) the sale was…
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nationwide secured loan to credit card
Hi Sorry bit of a long post As part of my debt reduction plan I was considering moving a secured loan with nationwide for £7100 at 6.6% to credit card ,preferably Morgan Stanley 5.9% life of balance. The main reason was not for reduction in apr (as the transfer fees from egg and then m/s would wipe this out) but the…
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Lack of options for salesmen/women
I am in a little (but manageable) bit of debt at the moment and I am trying to get everything in one lump so I can just pay it off at once. My problem is that I work in a sales environment. Whilst my take home pay with commission is usually £2000-2500, my BASIC is only £1100 a month, which after tax obviously works out…
