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Help me understand APR & loan rates
Ok, here's the thing. My partner has an ongoing loan with Cahoot which she took out about 3 years ago. Initially the APR was good at about 7.9%. The APR is now 15.9%. Her balance is itro £3700, so with her monthly payment, it'll take another 36 months to pay off. We wondered about whether or not she should take out another…
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bank refuse to remove default what next
Hi all, With all he credit crunch business about we are pretty lucky that we can afford a mortgage but are struggling to get one because of a default on my credit file. It was a small personal loan tha defaulted in 2005 for about 300 pound, which i paid off and the account was and is settled. I have written to the bank to…
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Car loan help
We're looking at getting a new car, we've been presented with some finance options. Anyone shed any light if its worth the select? At the end of select, you can either pay the balance and walk away with the car or hand the car back. We can also take a loan out with AA which comes in slightly cheaper than the HP here. But…
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Loan Company Robbery
I took out a 1 year's interest free credit agreeement with Open & Direct in October 2004 for a suite. I have now been summoned to Court at 10am in Swindon on 3rd June because I am told by Creation Consumer Finance (previously Open & Direct) that I owe £4534.36 in interest. 2004 £2863 by now pay later (1 year) Open & Direct…
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Early Repayment Figure
Hi, I have tried to contact Virgn Loans (MBNA) for a settlement figure on my loan but they closed at 5pm. I'm wondering if thier is anyone that can help me out with a cost. amount borrowed: £16,000 APR: 19.9% monthly amount payable: £385.02 period of loan: 72 months - Loan taken out on March 07, Payment free till July 07…
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Best way to borrow £3000
I am after getting a small loan of £3000 for the purchase of a Motorbike. I am happy to pay this off in 24 months and have a good credit history. I have done a search and found Moneyback Bank can do it for 8.9% and I would be paying £136.50 a month. I have never heard of them and can anyone tell me what they are like and…
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laser
hi we have a car on finance with laser which was creartion and b4 open and direct, a family memebr was using i and paying for it but has let us down bigtime so we have it, its alot of money for us so my husband rang laser to extend the term till we sell our hous they passed him to the hp department who said it was a loan…
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Urgent Help Needed Please!
Hi All, I am in desperate need of some advice. I need a loan of £8000. I have been ripped off and messed about by both Advantage and UCC. Advantage took my brokers fee and came up with nothing. I have bad credit through (due to ex-partner not paying the mortgage without my knowledge). I do own my house but need an…
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joint loan applications - once been refused as a single application
just a quick question. My husband has lived in Uk for 3 years and has recently applied for a loan of £7500 - which has been refused. He has excellent credit rating, has 3 credit cards which he always pays up at the end of each month (which he done to give him a good credit rating), his salary isnt brilliant but he doesn…
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Cooling Off Peroid for Credit Agrement
Hi, I have just been reading the Citizens Advice Bureau site and wanted to see if my thinking was correct on something, any help will be very much appreciated.... My girlfriend has signed a credit agreement (for a gym membership) that states 'You have no right to cancel this agreement under the Consumer Credit Act 1974'.…
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Rebate of interest on early repayment of loan?
Hi all, I have a Northern Rock loan, around 5k outstanding, to be paid off over next 2 years - when I took out the loan I seem to remember some small print about a rebate of interest if I paid off the loan early (of which there are no penalties). I can afford to make some extra payments which should hopefully take a year…
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Loans Equifax./Tesco
I am going to apply for a loan , and find that my Equifax file is much better than Experian . I have no adverse info , I just want to consolidate my exsiting debts etc. Anyone know who just uses Equifax?
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Loan application-have we been approved????
Hi all, We have applied for a top up on the mortgage with the Woolwich (our mortgage provider), we had a valuation a couple of weeks ago does that mean we have been approved do you think? How long after the valuation does it usually take? Any help would be appreciated. Thanks M
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Career Development Loan Repayment...?
Hi everyone, I have read a bit about this on the rest of the site, but wanted to ask advice about my specific situation as I'm quite nervous about making a mistake when it comes to loans. I have a career development loan (CDL) of £6430 to be repaid over 2 years starting on 1st November 2008. The monthly repayments would be…
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Asda Loans 6.9% Ha Ha !!!
My husband has just applied for an Asda loan to finance part of a car purchase (£8000) with a typical APR 6.9%. We have a mortgage 3 credit cards (2 with a nil balance 1 is paid off in full every month). No other credit. Application was accepted :j but the interest rate offered 15.9% :eek:. Small print underneath the…
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Loan advice
Hi all, this is my first post but I have been a lurker for some time and picked up some great advice, I have a question about loans that perhaps someone could give me some advice on? I have a loan with Capital bank with a closing balance of £17k, I want to pay this back and take out a new loan for £10k (with a better apr)…
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Bank loan question
I have my current account with RBS - it is a premier royalities a/c, and i have a loan through RBS too probably with a preferential apr due to the royalties a/c. Anyway if i was to change banks would my loan rate increase?? Any advice please
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Budget car insurance PPI
Morning All, Just been looking at my DW's car insurance from budget and noticed that they have included PPI on top of her car insurance, has anyone heard of this and is it possible to reclaim, as this was not asked for or explained when asking for insurance. Hope you can help
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car finance
we had a car on finance a family member had been using for 2 and a half years, unforunatly they have let us down so now im having to pay for it, it has 2 and a half years left but can i extend it back to 5 years to cut the monthly payments down, as we dont have a lot, any help appeciated thanks
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Peace of Mind Plan PPI
Please could someone tell me if Peace of Mind plan payments can be reclaimed? I am currently paying approx £15.00 per month on an account with Simply Be. Although this amount fluctuates depending on the amount outstanding each month i have been paying it for many years now. If so, would i follow the steps for PPI…
