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How to calculate APR?
Hi, could anyone please tell me the mathematical formula for calculating the APR? I am aware of Martin's loan calculator but I can't take that with me when I'm negotiating a loan/finance deal. Many thanks Gila
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recall of decree. HELP!!
Hi looking for help my husband has just been sent a court letter and we have been told by cab that we need to get a lawyer and get a recall of decree. We have been to two lawyer who keep pass us on to someone else. We had windows put in a year ago by weatherseal and before it was done we signed the 1st contract but we…
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Lloyds TSB Consolidation Loan - Desperately Need Advice
Hi Thank you for reading this. My friend has a consolidation loan with Lloyds TSB for £4,800.00. She has got to pay £79.92 each month for 140 months. She will be paying £6,388.80 in interest alone. I am shocked at this amount and didn't think banks could charge loan shark rates? I would really appreciate any advice, as she…
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shall i take it further??
hi can anyone help trying too claim missold ppi from firstplus and had second letter saying they do not adree with missold the first time they offered us over £2000 paid back into out loan now they are offering us £7500 and a reduce payment of £70 the ppi was £130 a month should i take it further :confused:
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ppi cancelling
hi, i have an appointment tomorrow to reschedule my loan with lloyds and cancel my ppi anyone else done this? I dont want to get a new loan out, just cancel the ppi on the current 1 is this possible? i am not in trouble with the loan just trying to cut my monthly outgoings and hope to pay the loan off just after xmas many…
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Discrepancy in loan settlement figure - Barclays
I'm looking for some advice and input from anyone who has had the same experience as me, namely: I have an unsecured loan with Barclays, a few months ago I called to find out a final settlement figure if I was to pay the loan off at a given point. I was given the figure by the advisor at the end of the conversation. I then…
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To consolidate or not to consolidate?!?!?
I hope someone can offer me some advise as this situation is driving me mad! I currently have debts of £12,ooo (6,500 personal loan and 5,500 on 4 credit cards) It's costing me 305 a month servicing these debts and as i'm onl able to afford the minimum payment each month on the credit cards, the balance never seems to go…
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car finance - are they trying to ripp me off?
Hi I have signed an agreement for buying 08 reg car. Yesterday dealer called me and said that I need to drop in to sign finance agreement BEFORE they deliver a car. As soon as finance should be signed by me, they should bring the car to their garage so I can check if I like the delivery or not. Am I wrong saying that I…
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Obtainin a Loan - Advice
Given the current money "crisis", I wonder how it will affect someone who is trying to get a small personal loan of say £3000 over 5 years ... the situation is that she's only 20, has been with her current employer for six months and wouldn't have any particular credit score, as yet in fact there's a liklihood she'd have a…
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How do I cancel an RBS loan during the cooling off period?
I'm wondering if anyone can tell me the procedure for cancelling a personal loan with RBS during the cooling off period? My girlfriend went to her bank to discuss a loan and got pushed into taking out payment insurance which she doesn't need. When she told the sales person she wanted to phone me to check about the PPI she…
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Pay off car loan or not ...... ?
Hi guys Quick question: I am looking to buy a new car. I have £3k left to pay off of a £7k loan (for my old car). I can pay the £3k off today but... Would it be better to go into the dealership and then have them add on £3k to the next car I buy? They have said they can do this to resolve all outstanding finance. Main…
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Legal Relationship between customer, car dealer and finance co?
About 3.5 years ago I took out a Lease Purchase agreement with BMW Finance for the purchase of a new car. As the loan was over £25k the agreement was unregulated. The finance was arranged by the dealer but all the paperwork is BMW Financial Services. The dealership use BMW Financial Services systems to calculate the loans.…
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Repay FD Loan
Hi all, I have finally cleared my credit cards and now just a First Direct loan (@ 9.9%) left that has around another 2 years to run. Although I now have an extra £500/month to throw towards this they won't let me overpay, apparently I must take out a new loan with the higher monthly repayments to pay off the existing…
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OVERPAID GRANT REPAYABLE Please help :(
Hi, This might be a bit confusing: (This applies to the UK) I started a Post Grad course and received a GRANT from the Student Loans Company (non-repayable if I completed the course). I didn't complete the course. Student Loans Company still paid me the GRANT. I didn't notice it and spent it. Now they want it back (fair…
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PPI Query
Hi All I've heard somewhere that a company can insist you have PPI when they give you a loan, but that you can choose who it's with and they can't make you take their's. Is this true or can they include it in the repayments and not give you any choice?????? Thanks :D xxxx
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Loan Agreement between friends / family
Hi i wonder if anyone can give me some advice/guidance. I just wondered if anyone know of anywhere i can get a credit agreement for a loan which we can both sign to agree the amount borrowed & payment terms, etc. Also does anyone know the legalitys around interest? I read on one sight that if you don't charge interest it…
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No-Fee-Loans.co.uk
No-Fee-Loans.co.uk I have a very poor credit rating! I'm looking to get a loan to buy a car and have heard some good reviews about this company. Has anyone used this company before? Thanks.
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Have I done my sums correctly?
Hi all, I hope some of you with a bit more financial awareness can work this out for me. I took out a daft loan in December 07. Turns out I didn't realise the difference between APR and interest, so not such a good deal after all. At the moment I pay £250.01 per month with a final payment due in December 09 of £330.01.…
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any suggestions please
my daughter has just graduated and has a job she wants to buy a car for 3500 and needs a loan she has asked her bank (the halifax) and they will give her a loan although its not a graduate loan - the apr will be 20percent - dont think she has a credit score as she is living at home - she has a credit card but no debts -…
