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Loans

Archives for April 2007

MBNA to cease new loans
With immediate effect MBNA are no longer offering any new loan approvals. This may change in the future with talk of virgin loans being managed by MBNA. Just thought I should let you know if you were thinking of this as an alternative to any debts you wish to move.
intrest rate question...
what sort of interest rate do you think i could expect to pay on a secured loan from some where like norton finance, i have 1 missed mortgage payment within last 12 months???
interest
Hi, I got into a spot of trouble with loan repayments and ended up repaying via an attachment of earnings, this has now been completed and I received a letter comfirming this, shortly after I received another letter informing me that I had been getting interest on the attachment payments, and now had another bill to repay.…
help please???
hi people i have won my claim against pennalty charges and im now wanting to pay my loan off in full. i owe £806. but the lloyds tsb are saying that i need a settlement figure because interest has to be added to the amount??? but surely they cant charge me interset for paying a loan off early??? could anybody help me with…
Firstplus - No Actual Loan Agreement?!
Hi there, Very briefly, we took out a secured loan from FisrtPlus in May 06 for £70000. Due to huge debt problems we sold our property in December and paid FP £48000. The settlement figure they gave us was £83000 so we now have a balance of £35000. As we did not, and still do not have a new property (living in temp accom)…
Please Help Me!!
Hi guys-i think im really stuck here so any help you could give would be really great! my situation is that im just finishing my degree in law at the minute. ive accepted an offer at northumbria uni to do the LPC course, which costs 7k to do. also, i will have to pay rent at circa 200p/m, which will amountto 2400over a…
ppi refuse to payout-miss sold ???
My wife bought a car on finance in march 2006 and was sold ppi insurance, she was only working part time at the time in the same job and hours as now and she used her wage slips to get the finance with the same number of hours she works as now which as always been 13.5 but no more than 15 hours a week, she went on sick in…
Borrowing more from Welcome Finance...
I took a loan out with them a couple of mths ago. All's going well, repayments go out by D/D and I don't even notice them to be honest. I've even making overpayments on my loan so that's cool. Quick question. I need to borrow some more and the agent I spoke to at my local office said to give them a call next month and…
Best way to finance £30k
Bit of background - my parents are returning to UK after 4 yrs abroad. They own their house - mortgage free. They want to buy 2 cars and a caravan when they return. They estimate this will cost around £30k. They have savings to cover this, but don't want to use these. My dad will get a company car allowance, so they would…
Is there a loophole for reducing settlement figures?
Hi - I've just come into some money and can pay off my bank loan. I originally borrowed £25,000 in october last year, at 6.9%. My bank are quoting a settlement figure of £24,100. Now, I've been paying off the loan for six months at £394.07 a month, so that mean its costing me just of £1400 to borrow that money for six…
Northern Rock Loan
Hi! I applied for a Northern Rock Loan for 5k last week, being tempted by the 6.2% Typical APR.... Reason for the loan is for a new car, I have some ludicrously expensive outstanding finance on my old car which I will pay off (3k) and luckily my car doesn't seem to have lost a huge amount of value so I can sell it and get…
Secured loans on rented property
Does anyone know of a reputable bank that would give a secured loan on a property that is rented out? Although I have a mortgage on my flat, it is rented out to a Housing Association with guaranteed income, but i find that lenders are refusing my application for a secured loan based on the fact that i don't live in the…
interest on loans
Hi, we are thinking of taking a loan for 12,000 over 5 years to buy a car, the best i can see is Asda at 5.9% the payments would be £230.59 per mth the total would come to 13,835.40 . We could pay for the car from savings but the other half thinks when it has gone it's gone. He thinks maybe a better way would be to keep…
How get loans after bad credit history
I have bad credit history so that having problem in getting loan, i find one lender who agreed for give me loan but rate of interest charged by him is very high. can I get loan at reasonable rates.
Best Loans around for me?
Hey Guys, Really new to this but im putting my pride aside and I am going to ask for some advice... I have recently just got engaged and everything about my finances has wacked me in the back of the head - I know my credit rating is not fantastic but I really want to do something about this. Being a student and having a…
Advice needed
Looking for a bit of advice, I need £7000 for a new bathroom, it is a small company who don't take credit cards - cash or cheque only. I have £7000 in a cash Isa and my plan had been to use £4000 of that money and use my new credit card from Halifax which offers 9 months interest free for the extra £3000. My plan has now…
Im new here, but been in a debt a while!
Please can any1 tell me if this is a sensible thing to do: I currently owe 78000 on my mortgage and 16000 on a secured loan, i have been trying to get a remortgage to mix both these debts together with a lower repayment per month, but this was based on a valutaion of 120000 which came back as being 10 grand short, so we…
Pay for a car cash or take a loan out?
Im wanting to buy a new car and although i have the money to pay for it cash (£7000) but this would mean nearly all my savings spent. Would it be better to take a loan out and keep my savings whilst still building up my savings or spend my savings and put what id spend on a loan back into savings?
need a loan
right: ive got into a bit of a problem with money. here is the situation: credit cards 1: 600 2: 600 3: 1000 4: 500 = 2700 overdraft 1: 1000 2: 1200 = 2200 in total = £4900 the problem is. my credit cards all have a small limit i.e. 600 and 1000 and my overdraft limits are both around 1000. Im 20 and finding it hard to get…
Reduced fee settlement figures??
Hello there, I currently have 3 creditors who I owe about £6,000 to after some silly mistakes when younger (uni etc). Because of interest I joined a debt management agency (Gregory Pennington), who distributes my £150 a month (keeping £20 for themselves), after freezing interest on the accounts. At this rate, I would have…

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MSE News

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