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Loans

Archives for August 2006

Loan vs IVA
I am currently £25k in debt. I have tried getting a loan to repay this to no avail. Tried with Nationwide who I bank with and Virgin. I currently pay half my salary a month on paying this off as most of the debt is on credit cards so getting no where!!!! I am about to move into a house which I have just recently purchased…
Conditional Sales Agreement
Hi all, I have a Peugeot 206 that is now 4 years old. I have been told that as I have paid over half of the finance (£4000 remaining) I can hand the car back and owe nothing as it was bought under a conditional sale agreement which is regulated by the Consumer Credit Act 1974. The terms in the contract state "You have the…
unsecured loan
Please help need an unsecured loan for 12000 unfortunately I am self employed cant prove income and have a credit rating of 600 yes bad I know. Grateful for any response:eek:
can't afford car anymore
Please help. I bought a new car last November (2005) on a loan from the Dealer, when my self-employed business was doing well. However, business is on a decline for this coming year. I wanted to downgrade so that my payments wouldn't be so high, and so I wouldn't run into debt. However, my dealer is not interested in…
Natwest Loans - Dirtbags.
I have a work colleague who took out a loan over 5yrs with Natwest for £5300. She also took Payment Protection Insurance (do'h) and has been paying this now for 2 years. When we worked it out, she is paying back just over £10,500 over the 5yrs. So today she called and asked to cancel the PPI which they told her she…
Loan Refusal Quandary
My Wife & i have been refused 3 loans applications in a row (DirectLine, GE Money & Abbey) for the sum of £22K over 60 months. All of the loan compamies have stated that the reason for refisal was because of our credit score. After DirectLine refused (1st application) we both logged onto Experian's web site & obtained our…
Want to pay off barclayloan quicker
I have a current barclayloan with around £9000 outstanding. When i went into my branch and enquiered about paying more off each month, when i could afford it. I was told i couldn't do that and the only way was to restructure the current loan. Is this right? :confused:
Loan conundrum - chicken and egg problem
So here's my problem i earn 30,000 i am offered a Directorship in the Company i work for and an increase in salary to 41,000 i need to purchase 30,000 of company shares i need to borrow 30,000 i cannot get an unsecured loan (eeven for usual max of 25K) on current salary, and they will not accept future salary, even though…
Mortgage PPI
I've just woken up and started to question what I'm paying for what. Even discovered I've been paying loan protector on my mortgage for nearly ten years, haven't missed a payment. Can anyone advise me on if I can get any of this back? Have read some of the threads on PPI [what is PPI?] and I'm going to have a go at sorting…
I am being harassed by Direct Auto Finance
Hi there, 2 years ago I was having employment troubles and found myself needing a car while between jobs. I ended up buying a car from Yes car credit and have regretted it ever since. The problem that I have is that now that I am halfway trough the loan I wish to hand the vehicle back as per the terms of the loan. However…
Need £2500 quickly!
I need £2500 in cash quickly! Which is the best way to get this at the cheapest rate? I want to repay over 12 months, no protection. I have an endowment coming out in Feb but I need some of the cash a bit sooner, so I will have no problem paying it off. Can someone advise me the best way to go about this?!!:rolleyes:
Interest Rates: Everything you ever wanted to know Article Discussion
This thread is specifically to discuss the content of the Interest Rates: Everything you've ever wanted to know To discuss or ask a question about this article: click reply PS IF THIS ISN'T EVERYTHING YOU WANTED TO KNOW AND THERE'S MORE... THEN ASK ABOUT IT BELOW AND I WILL TRY AND ADD IT WHEN I DO AN UPDATE.... Martin
Student Loans
Just wondered if anyone who has paid one of these off can help. I rarely get any information from the loan company as they hardly ever send letters and can't tell me how much I owe over the telephone. This comes out of my bank every month, but I was just wondering when it is eventually paid off, will the money continue…
Advice Please
Hi There. New to this so pls bear with me.:D A number of years ago i got into debt. I was young at the time and nieve. I got into such a state that basically i ran from where i was living. one of the debts was with a major high street Bank for around 5k. Anyways time passed etc and my life moved on. Of course the debts…
Getting a loan without PPI
Hi I have just been turned down for a loan with Alliance and Leicester for £15k over 5 years. I did not choose the insurance and believe this could be the reason for the refusal as they have sent me letters before telling me I could borrow this much. Does anyone know which companies will lend this amount without insurance.…
In Branch vs Telephone + Internet Loans
I just thought I would ask this question. When you are applying for a loan do you prefer to apply inside your local branch, over the telephone or on a website? Do you think speaking to the 'specialist' in branch helps your cause? Are they able to override the system if you can prove you can afford the loan.
Credit file - do I exist?
Hello :money: I'm planning to acquire a car through a personal lease or similar in about 6 weeks time. I had a decent credit file when I last checked in 2004 and have always repaid any credit. In recent times though, I have rarely used credit and I have recently moved - so I thought I'd better check my file again with the…
Should I swop loan?
Hello all, Having lurked for a while I am really impressed with the advice and support given on this forum. I am hoping someone will be able to advise me on a query I have. I have a loan which has 24 months to run at @£470 per month 8.3%APR, I got a redemption figure which is valid until the end of August of £10,470.53. It…
Does this sound right?
Just requested a A&L loan for OH as his Cahoot loan interst has risen to 13.9. Asked for £5600 over a year. A&L say interest rate is 6.9% and monthly payment is £525. Using the snowball calculator it says this should pay it off in 11 months. What am I working out wrong? Don't want to pay £700 interest over the year -that…
unsecured loan with bad credit
hi after having a rethink i have decided i can get away with a loan for £15000 as i have said on previous thread i have three defaults can anyone recomend a loan company that except defaults.

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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
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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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
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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
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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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Loans

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