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BMW Finance
Hi everyone newcomer to the board but what a great site I would welcome any advice on the following I took out an agremment with BMW three years ago with a lump sum payment at the end of £15000-there was no guarantee there would be sufficient equity for the next deposit but I was told there should be Deal now at an…
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Loan Horror story
Hi all, I have just found out to my Horror one of the loans that my Mum was paying back was from a very long time ago with barclays which my stepfather took out in approx 1997 he then died a few years klater & the Bank told my mum that she was still liable to pay. She cannot remember it ever being a joint loan. When she…
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Payday UK 1,286% APR
As banks reject 5 million credit card and loan applications in the last 6 months, some will find their way into the arms of legalised loan sharks :( . Sunday Herald - The loans that are really toxic 1,286% APR is the going rate for a £100 tide over loan from Payday UK. I thought loan sharks usually stayed out of sight on…
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New Car... Old Loan Etc....
Hi There Selling my car for approx £3k privately... In the market for a sporty number... Convertible Saab... approx £10k I have a loan which is currently 212 a month, and there is about 3.5k left. Am I best trying to get loan to cover the 3.5k, and the 7k difference for the new car? Or just get a loan to cover new car? Or…
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If you are applying for a debt consolidation loan..
When it asks what debts you have - do you not put any of these down if they are going to be cleared from the proceeds of the new loan? What would you put if most of it was for debt consolidation but some of it was for something else - like a car purchase.
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Loan Terms and Conditions
Hi Has anyone heard of anything regarding the terms and conditions of loans take out before 2007 being incorrect and so making the loan agreement void. Not sure Ive worded it correctly but I heard about this from a friend and was told to see a certain solicitor who would look into it for a 25 fee. Apparently your within…
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Been Paying Ppi... But On The Credit Agreement "nil"
I PUT A POST ON BEFORE I GOT THE FACTS NOW AS IN MY LAST POST IT WAS ALL GUESSES. LOAN OF £2,300 OVER 10 YEARS, APR 29%. 1.44% MTH AFTER MAKING PAYMENTS OF £63 A MTH ON THE LOAN FOR 5 YEARS HAD A LETTER FROM FIRST PLUS FINANCE SAYING WE COULD BE ENTITLED TO 25% OF PPI BACK AS THERE WAS NO CLAIMS IN 5 YEARS. WROTE TO ASK…
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passing loans on
hi i just need a bit of advice on the leglities of finance companys passing loans on to other companys. I had a car on finance with Online Finance as i got into difficulty the car was returned i heard nothing from them till last week when a letter arrived from a company called Caboot who informed me that they had taken…
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Alliance & Leicester - cancelling PPI
I wrote to A&L last week to get the PPi cancelled on hubby's loan. They have written back saying they will cancel the PPI but need to re-issue the loan and the repayments will be higher! It hardly makes it worth cancelling the PPI. This can't be fair/ legal can it? The thing is - what should we do next? Should I write back…
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RBS Loan Rip off!!!
Ok so i took out a loan in january 2007. I was told by the bank (RBS) that it was best so i could pay off my credit card and two overdrafts. So i was advised to take out £5000. Now I have been paying this for the last almost 2 years now. £142 a month. Ok here is what it says on the letter i got. Fixed - Sum Loan Agreement…
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Insolvent Ltd Company - can I claim?
Hi everyone I'm new here, so be gentle with me! Long story - short summary. My company ( I was a director) recently became insolvent (voluntary arrangement) and I have a joint personal guarantee (with my husband) covering about £22k with HSBC Two things really. Firstly, we are partly in this position due to pressure from…
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secured and unsecured loans
Hello, this my be a very daft question, but i shall ask it anyway, Say i had loan of 20k, and i could no longer afford the payments, what would happen if the loan was secured ? and what would happen if the loan was unsecured?
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New Car
:confused: Bought brand new car in april 08, had problems from day 1,after many months of problems I gave the dealers a recorded letter in Aug 08 stating that if any further problems arose or old repaired re occured I would be asking for full cash refund, I mow have oil leak after 4000k and I have refused a repair & asked…
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Car finance Vs perosnal loan
folks looking for some advice just back from buying a car. whats my best option taking our car finance from the dealership - flat rate 7.99% or taking out a personal loan, roughly 8% APR loan amount is £9500 i will be looking to trade the car in after roughly 3 years, so ll be looking at at settling the loan early.…
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BMW Select Agreement - Voluntary Termination
Hi all, I purchased a car in September 2006 on a BMW Select Agreement - I asked and was told at the time of voluntary termination details, I have not been using the car in the last 3 months, so I have decided to take advantage of this - have been told that although I have paid more than 50% of the agreement, so I would be…
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Should I write to my bank to appeal?
I will try and keep this as brief as I can I am looking to change my current loan (£7000 with £4500 left to pay) into a bigger loan of around 11-12k, partly to pay off my overdraft and also to get a car. I applied with my bank over the phone as I have my current loan with them and was turned down. They said they would send…
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Please Help Ending an unregulated car hire purchase agreement
Can anyone give me some advise I took out an unregulated hire purchase agreement with bmw. It is over 40 months with an optional final payment at the end of the term. I was told that i could end the agreement if i had paid half the monies is this true!!
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Welcome finance settlement figure
Greetings all,I'm in need of some advice.Last November i was stupid and took out a loan with welcome finance.The loan was £2000 over 3 years at a rate of £150.Crazy I know.However in January of this year I decided to increase repayment to £220 a month.At the start of this month I rang up Welcome Finance and requested a…
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Rotten EGG
Hi, Would be grateful for any advice you could give me, here goes.... It all started in july when I took a payment break from my Egg loan as I was going on holiday. Phoned Egg, fine they said, recalculated my payments etc, all was well. Until my next payment went out which was 1st September. A few days after I got a letter…
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Loan Now been passed on to debt company
Hiya Guys, im new to the forum, However, Been a member to the site for a while now :) :money: I'l let you all know now i was an Estate Agent at the time.... (BOOO) sorry :( Anyhoo, i was only a trainee to start with and all was going well, So i decied (Silly at the time) to get a laon ,to pay off some other debt to family…
