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Loan Company wants it both ways !!
My son, unable to afford car payments, asked the loan co to take the car away, which they did. They now want £3000 to settle the outstanding debt. If I pay the outstanding, surely I am entitled to ask for the car back? I suspect they will not be able to return it as they will have sold it on. Therefore, can I say that I…
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Interest charges up front!!
My partner has a loan with Barclays for around £3500 over 5 years. She has been paying it for around 18 months and has only paid off about £600, and has paid around £780 in interest. She pays about £88 p/m and is charged £43 p/m interest. I asked her to call them so they could explain what is going on - and it appears they…
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Do I really need PPI?
Hi Guys, Me and the hubby took out a loan for 20,000 last march with PPI. At the moment the balance of the loan is 35,000. I know if we cancelled the PPI the repayments and the balance would go down and at the moment that's what I really need. My question is how important is PPI and do we really need it? Cheers in advance!…
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I need some financial advice.
I am a 63 yo swm, who has his aged 95 yo mother who is disabled living with him. I WILL NOT put her in a nursing home . When she fell and broke her hip, the rehab center they sent her to after surgery almost killed her by mismanaging her medications. We are very close. I can only leave my house for up to one hour a day.…
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PPI!!!!!! what are my rights????
Took out a loan in feb 2006 for £20,000. Don't really understand money so took out ppi as the company made it sound like we really needed it because of the loan amount. Got cheque and monthly repayment figures (£681). Had annual review with bank in dec 2006 and they offered loan of just under £20,000 but with a much lower…
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Bust the Banks Campaign
In a world of finance where the little people are looked after by the caring banking community and their share holders maybe you would like to join the campaign I am starting. You will be helping yourselves, helping the bank sales staff to get their bonuses so the lower people are happier. Step 1: Apply for a bank loan to…
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Which companies use Equifax for definate?
Apart from Tesco Loans, Northern Rock Loans and Barclaycard Masterloans
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Anyone used Phoneforaloan
Hi, Just received an email being touted by easily-offers.co.uk ; Phoneforaloan , 0906 738 1700 (£1 per minute, max 15min call) Same Day arrangement on loans from £100 to £1500 "Service operated by Jodrell Financial Services Ltd, 2 Haig Crt, Parkgate Trading Estate, Knutsford, WA16 8XZ. Calls cost 1/min at all times (Max.…
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Who regulates lenders?
I was knocked back for a loan back in August, unfortunately (for the loan company hopefully) the company failed to respond to a DPA request (subsequently earning a dressing down from the ICO) and then failed read the previous address section on my credit report (Doh!). After I pointed out that failure (which they have…
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Loan Brokers' Commission
Is it normal practice for the borrower to pay a broker of an unsecured loan for his or her services, or do they get paid by the lender instead? If payment by the customer is common, what sort of fee is usual or reasonable? Also, what sort of commission (I assume that they get something from the lender?) do they earn from…
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moneysupermarket rates
i was on moneysupermarket website for a loan, i was looking at the halifax and it was showing as 6.1%. however when i went on the halifax website it was 6.9%. would i get the 6.1% if i went through moneysupermarket or would this change as soon as i applied ?
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Cahoot Flexible loan int. rate hike
Back in December there were lots of posts on the massive rate rise Cahoot put on the flexible loans. Of those of us who cannot move could we have some updates on complaints to the ombudsman.
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Can anyone help?
We recently took out a loan for 18K (£384 a month 14.9% over 72months no PPI) with MBNA and had a deferred payment of 3months. The first payment is this week. We have just spoken to our mortgage advisor as we are remortgaging, he has given us an option to pay the loan off early. What I was wondering is, what amount will we…
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PPI Refund on Mortgage?
One of my relatives is paying off their mortgage on Friday. Their mortgage includes PPI. I have seen people saying they have had their PPI refunded on loans - can it be done on mortgages too? How do you go about doing this and what circumstances can you claim PPI back?
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Warning on Moneyback loan catch
One of the best sources of a cheap unsecured loan, without insurance, sugested on Martin's site is Moneyback an off shoot of Alliance and Leicester. I wonder if anyone else has had the same experience with this as I did. This is an online loan application and both my husband and I applied for a £6000 loan over 3 years…
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A&L Secured Loan - Settlement Figure ?
I'm really confused over an Early Settlement figure just given to me by A&L... Secured Loan started in July 06 over 25 years Int Rate 6.9% Amout £27,000 Monthly Payments £188. From A&L website FAQ's... Q. Can I repay my loan early? A. Yes, this is possible. An early settlement fee of 1 months interest will be charged if…
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Hire Purchase
Don't know if this is the right place, but maybe someone can help me! I bought a BMW on hire purchase in JUne 2003. During the summer of 2005, it became difficult for me to meet the payments so the finance company issued a default notice. When I read the small print of the initial agreement, it said that if I had paid 50%…
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help
Hi A friend of mine had a loan and remortgaged and paid off the loan in november. 2 weeks ago he recieved a call from TSB saying they had refunded PP twice once in the settlement figure and then by cheque. somone told me they had 28 days to reclaim any overpaid money but it has been 2 months. will he have to repay the…
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PPi refunded !! LOL
i got the full amount of PPi refeunded today, but what still hasnt registered in my head is... loan was for 15k. with the ppi it was over 20k now the ppi refunded and the loan outstanding is 15,450 but i have been paying every month for the last 2 years???? 337.30 ? how is this ? i thought i would be down to about 13-14…
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Yes Loans Advice?
I applied for a loan with Yes loans, thry said I have been accepted and I was shocked as I have been turned down by everyone, They said there is an admin cost of £50, I don't mind paying this aslomg as I get the loan, I'm on min wage and cant afford to be scammed but will I get the loan?? Has anyone any dealings. I want…