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£4600 @ 18% Apr - help me reduce it!
Hi there, About 6 months ago I consolidated my previous loan and my credit debt and was set-up with a new loan at 18% APR (Lloyds Cashback loan). I didn't particularly mind at the time because I was earning enough money to be able to pay off the loan within 6 months. And it worked out I would be better off with this option…
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Overseas debt or is it, heeeelp
I used to live in the Caribbean and about 3 years ago things did not go so well and I ran up some debts with my UK Bank. This debt was passed to a UK collection agency who then passed it through several other agents to a company in the US, they have been trying to use several Carribbean agencies to get the money when I…
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Divorce & Consolidation
Good evening! I'm new here so be gentle please :) Basically my story is this: My wife of 4 years and I are getting divorced. I will be assuming the debt of our personal loan (£5100) and her credit card (~£2000.) Unfortunately, the interest rates on these debts are an atrocious 19.9% & 21%, respectively, and with all of the…
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loan for a liveaboard boat
we are planning on buying a boat to liveaboard. We need around £40,000 to buy the boat which will need some work done to it before we move aboard. We currently live in our own home which has around £20,000 in equity. We need somewhere to live while the work is done to the boat and so don't want to sell the house until the…
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Mis-sold PPI with Black Horse....help!!
Right here's the story so far (don't worry I will shorten it!!) Usual story...took out loans with Black Horse and they pushed the whole PPI thing and I was sucked in. I consolidated several loans with "top up" loans not knowing I was paying the PPI in cash each time. I HAVE NOW PAID OVER £5K IN PPI....OUCH!! Anyway after…
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How long can a debt be outstanding
A strange question - We purchased something on intrest free credit back in 2002, and the compnay were due to start taking the money in 2003, which they never did. I recently had a call from my EX-Bank ( as I am no longer with them ) to say the company had taken a direct debit for £80.00, being nearly 5 years later than…
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anybody??
Hi, our mortgage is in my husbands name, just wondering if anyone knows if they can put a order on our house for a loan in my name only? Have a big loan with lloyds and am waiting for them to take me to court as i haven't been able to keep up with repayments and i know from past experience they try and make it a secure…
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secured loan on a house you want to sell?
Hi If we were to sell our house we would be in more than 25 grand of negative equity. Therefore we would need more than this amt to clear it. I know that unsecured loans will only let you borrow up to 25 grand. Is it possible to take out a secured loan against the house say 30 grand and 6 mths later go to sell. This may…
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Loan v PCP
What do people think would be the better option given the fact that banks are difficult to get a loan from?
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advice about overpayment on loan`
evening. I have 2 loans with welcome finance. and am wanting them paid off at quickly as possible. there nearest office is 30 miles away and i know they said i can make payments at there office but for a small payment its not worth travelling through. I am wanting to know if there is a payment book i can get so i can pop…
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Clearing Student Debt
Hi, I currently earn £27k but racked up depts in addition to my student loan while at uni. I have 2x credut cards with about £4,000 on them (some interest free - some charging) and a loan with £2,000 left to pay and an interest free student overdraft of £2,000. Total £8,000 worth of debt. In have been working full time and…
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Claiming Late Payment Charges
Can i claim my late payment charges from a loan company.The loan was with Advantage Car Finance for a car.
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Hi, just after some advice
i dont know a hell of alot about banking and all the terms and things i have an outstanding loan with barclays for about 3k(ish) left to go. what i need to do is get another loan so i can buy some equipment to start a small business for myself but im unsure if i can get another loan with barclays, pay off the existing with…
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Anyone tried ZOPA ?
Apologies if discussed previously.. has anyone borrowed or lent money via www.zopa.com If so,what are your experiences? How do borrowing rates and lending rates generally compare with borrowing from/investing with high street establishments?
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Barclays loan
its sorted x
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How should I draw up a loan contract?
I have a friend that needs £10,000 to prevent him from losing his house. I am prepared to lend him the money because he has collateral and can pay me back over the next 3 months. We both agree that a formal loan contract is best. What form of words should it take to be binding?
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welcome finance
My partner and i had a loan with welcome finance 4 years ago,it was supposed to be for 3 years, but the interest kept going up and we are still paying it. We had payment protection,but my boyfriend got made redundant 8 months into the loan. when we tried to claim, they wouldn't cover our payments because they said we knew…
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A & L: Responsible lending my ar5e
Just got home to find that A & L want to lend me £15k, just like that. Don't need it, didn't ask for it and won't be taking it but shouldn't they be made to restrict these types of 'offers'. I've never been a fan off these 'pre-approved credit' offers but in the current climate it is positively immoral.:mad:
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Loan application is Bait and Switch
So here's my grumble. I've recently applied for a personal loan from a table topping loan provider. Their loan appeared in the tables with a rate of 8.4% Now, while they confirm my loan I am told on the phone that they have not given me the advertised rate but, due to my credit rating (and I can't see why) the rate they…
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Loan from dealer... Urgent advice needed
Hiya I am about to take a loan to finance my car. Here is a story: I went to my local vauxhall dealer about a week ago. Have found a car that should suit me pretty well and signed manual order form, for the car to be delivered. What manual order form also states, is that balance of 7000 is "due from finance house", plus…
