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Loans

Archives for August 2006

Northern Rock Unsecured Loan
Hi, I am going to get a Northern Rock unsecured loan. One of the reasons for choosing Northern Rock is that they let you pay off the loan early without charging a settlement fee. However if I do pay off the loan early will I have to pay all the outstanding interest for the loan? For example, if after 1 year of the 3 year…
Loans for retirees with regular income?
Please can you help? Neither my husband or I are working and he has taken early retirement on a pension which gives us a regular income between 15 and 16000 per annum - but the forms for loan applications all insist on employer details etc. We want a short term loan of £25000 whilst we are waiting for our house to sell -…
Early Repayment Charges
Got a laptop last year on a buy now pay later deal. I am now about to settle the finance and if I want to do that HFC are charging an 'Early Repayment Admin Charge' of £25!! Can they do this? Didn't happen last time I took out finance. I know that it will be cheaper than their stupid interest rate but it seems that…
Current Loan Situation
Hi I have a loan with Nationwide which I took out 24 months ago for £8,000. The total term of the loan was 60 months. I estimate to have paid off about £3744. Leaving £5616 including interest. This loan is at a rate of 6.7% which I think is quite high considering what the current borrowing rate is (I believe the cheapest…
Loan application form help
Hi, My partner earns approx double my income and all the bills are paid from a joint account. In reality I probably pay about 25% of all bills from my income. If I apply for a loan in my name only what do I put on the form under outgoings ?. i.e. If the mortgage is £800 a month do I put £800, £400 ( split equally ), £266 (…
Business loan
Hello, I am looking to start a small (500sqft) bar/club in my local area. Already have a great deal of interest from people in my area. I have already negotiated a lease plus a rent free period. But im looking for a unsecured loan to do a refurbishment of the property. I have already lined up some good reasonable priced…
Barclayloan
Applied for £10,000 on the typical 5.7% rate, got approved at 6.9%. Excellent rating, no dependent kids or debts except mortgage, long term customer with partner, secure job, few credit cards with low debts, never missed a payment...the perfect reliable customer etc... Rang to query the 6.9%....they said it was based on…
buisness loans
I am thinking of starting my own buisness i might need a small buisness loan, which is the best bank to go to for one.
Paying off Egg Loan with Egg Money (+ve balance)
Hi there - just a quickie, Does anyone know if you have a positive balance in your Egg Money account you can use this to pay a chunk off your Egg Loan directly or do you have to SBT it to your current account and then make a BACS payment to the loan as usual? TIA, Alex
Loan template required
Hi, A few months ago someone posted a link on this site that allowed people to download various legal documents for free. I need a loan template as I am going to loan a freind some money however I want to register this loan therefore if there are any problems in the future I have a legal document stating I loaned him the…
Question regarding loan insurance.
We currently have a loan that because I am currently off work sick is being paid out by the loan insurance. It now would seem that my employer's will be terminating my contract due to the fact I have been off work sick now for two years. I cannot seem to find any literature about the loan so was hoping (fingers crossed)…
Cancelling PCP after a month
I bought a new car just under a month ago,the purchase price was £22090 l put down a deposit of £5000. The problem now is l have to take up a new post in the USA as a promotion at work for 2years. The car is on pcp where i had the option to take it back after 3years.Is it possible to take it back and negotiate a refund on…
APR will they ever change it?
My dp applied to Northern Rock for an unsecured loan of 14k over 10 years.We have had 4 mortgages with them and had a loan which we repaid in full in April when we moved.The loan rate and monthly payment figure online was at 6% and was about £150month.But now they have approved him for the loan at 10.5% with monthly…
Egg PPI
Hi everyone, I have a quick question about an Egg loan - can I cancel the PPI at any time without affecting the loan (other than reducing the payments?) Thanks in advance!
Is it possible to find out why I would be declined?
Just out of interest if I made ,say, 3 loan applications and got turned down for all of them,would it be possible to find out why without having to 'assume' its because of a late payment here and there or scrutinising a credit record wondering what went wrong? It seems that everyone agrees that different lenders have…
lower apr
I have a loan with my bank, i do internet banking so right away i can see what apr im going to be offered. Anyway i took out a loan beginning of the year at 12.9%. Should i stick with this loan for a year or so before applying for lower apr loans? Of course im aware applying for 2 many is not good for the credit report.…
Looming Redundancy
Hi Everyone. I'm new here, although I've been using this site for ages and have been reading your posts and I think I am a lot luckier than most, my problems are fairly minimal. When my marriage broke up 5 years ago I ended up in debt, but I slowly ploughing through it. (I had to totally start from scratch and buy…
Car Finance
Hi, I brought my car from Carcraft in October 2005. Initially when I saw the car, it had a sign on it saying that you would pay £220 per month for 5 years. Even this amount at the time was a little optimistic for my budget, but I really needed the car and so agreed to the sale. I was then told that they were getting the…
Borrowing in excess of needs
Situation need £5k over 5 years Been offered £7.5k over 5 @ 6.4% £145 p/m If i payback the £2.5k I dont need they only reduce the repayment term and not the monthly amount, problem being I can only afford £100 p/m repayment. As I bank with the lender they are the only lender who will offer me as a recent time of…
Cahoot Flexible Loan
I am due to come to the end of my Cahoot Flexible Loan introductory 6.9% interest term. It is due to go up to 9.1%. With an outstanding balance of £6300, this takes my monthly repayments from £128 to about £138 (not a huge amount of increase). It is a flexible loan, so there is no fixed loan period. There are loans that I…

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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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