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Loans

Archives for October 2009

Welcome Finance (our friends!)
Good Evening, First of all, I must appologise if this is a thread that you see appear many times here on these forums, and I do appologise if I cause aggrovation to those who see fit it telling me that this has all ready been covered elsewhere. I digress, so here goes... In the year 2004. A then partner and I thought about…
Need advice - welcome finance...
Hi I have just received my welcome finance statment and was wondering if you have any views on the following. Capitalisation Fee - I think this is the interest on the loan. default fee Interest - Interest on the arriers i think HPDI Fee - I have no idea what this is but its £18. Ok the problem is that I have crossed…
Credit Reference Agencies - who uses who
Does anyone know if there is some kind of reference out there as to which banks/building societies/companies use which particular credit reference agencies? The reason I ask is that a few years ago I ordered a credit reference score from Equiafax, this gave me a good credit score, based on this I applied for a loan and was…
Do I repay loan or save the money??
I took out a loan with NatWest for £10,000 two years ago this month. I have two more years to go on it and its at £5,900 at the moment. The interest was put on up-front. I can't decide whether to keep making my repayments and complete the 4 year term of the loan or to pay it off. If I did so, it would mean literally living…
Unethical Loan - but can it be challenged?
Hello, :confused: My uncle had a fixed price loan (APR 25.9%) for £3,500 over 5 years at just under £100 per month. Nine months into it (having never missed a payment) he asked for another £1,000 loan. Instead of issuing a second loan, this company consolidated into 1 new loan. He is therefore on a new 5 year deal for…
Upfront fees for arranging loans - don't pay it
There seems to a lot of dodgy loan brokerage companies around calling people up telling them that their loan applications have been approved in principle and if they pay 49.95 they will finalise the loan. When you get such a call, or come across any loan brokers charging upfront fees - smell the rat.....question what the…
ccj statute barred/wrong address
got a ccj summons for a debt from Cabot. Am sure havent paid debt for over 6 yrs. What do i do ? moved 5 yrs ago and this letter was sent to old address. Family member passed it to me. Do I send acknowledgement form and then just state I believe its statute barred or do I have to contact Cabot to request paperwork so i can…
black horse car loan.....agreement key imformation
Hi, looking throught hubbys car loan agreement with black horse there is a section of key imformation one of the facts states " you have no right to cancel this agreement under the consumer credit act 1974,the timeshare act 1992 or the financial services(distance marketing)regulations 2004" I thought by law a credit…
Help with Hire Purchase Agreement? Missold?
Hi Guys Last year I bought a motorhome using a very attractive 12 month 0% finance deal from the dealer. Basically I financed £40k with Bank Of Scotland (via dealer). The first 12 months were 0% finance but the dealer stated that I should change the MH every 12 months to take advantage of the MHs small depreciation, 0%…
Student loan and marriage
I have a student loan that I am paying back as I am working full time at present, however I am getting married next year and when I get married I am hoping to give up work - what will happen to the debt? Will my husband take responsibilty for it? Is it based on his income? Or is it written off as I won't be earning thus I…
17 yr old loan
Hi all, A Social Fund loan taken out in 1993 was paid off in full. However, now, after 17 years without contact, they claim there is an outstanding balance to be paid. They have not supplied any paperwork to substantiate their claim. We, of course, have not kept any paperwork pertaining to this loan. Is there some statute…
picture home loans
we have asecured loan with picture (£58 000) its currently at 8.59% but overthe past months when the banks were dropping thier intrest rates picture have refused to drop their intrest rates saying there not at liberty to do it even if the mortgage companies are is this correct(they were quick enough to put them up)
Getting a loan in branch
Hi, I recently applied online for a loan with my Bank (Clydesdale) but was turned down. Stupidly, I then tried to get a couple of other loans and credit cards, which were also rejected. Including mortgae, I think about 10 searches might have been done on me in last 6 months. I just bought my first house and having checked…
Trust Deeds (IVAs) - Are they worth it?
I'm new to this site, but am hoping to get your opinions on Trust Deeds (or IVAs). I have a loan with my bank, as well as a credit card and a store account. All told, I'm paying £350 per month, with the bulk of that sum (£243) for my loan. I phoned my bank tonight to see if it was possible to extend the length of the loan…
Iriwn mitchell recoveries/Natwest Loan
Hi there wondering if someone could help. I recently had a change in circumstances with my finances and could no longer afford the £253 monthly payment on my unsecured loan with Natwest. I followed the recommeneded procedures from the cccs and citizen advice bureau and so communicated by post and filled in income and…
Magic Finance
Hi guys, Has anyone heard of magic finance? i am desperate for a loan to clear to existing credit cards, they contacted me saying that I had been accepted for a loan, I paid £65 fee, but I am very nervous now that I have been stitched up, since reading reviews on here of other people paying money & not receiving any loan.…
Bad credit but don't know why? Check CIFAS report on your credit report.
I had a shock horror recently. I was told that I had an adverse credit when I thought I didn't. When I looked at my credit report with Experian, to my horror there was a CIFAS report made against me. For those who don't know what this is, it is like a warning beacon pointing at you saying that you are a fraudulent person!…
Help!
hsbc loan £3000 @ £93pm hsbc credit card £2000 @ £40pm hsbc overdraft £1400 @ £150pm charges!! a loan to consolidate all of these would get us out of debt an easily affordable for us as hsbc manager agreed but still turned down our application! we now have bad credit rating but a loan would solve all our problems! an we…
Illegal Bridging loan?????
hi folks i need some help, i had a loan from black horse on 0 %, and then about a year later took out another loan with was on 9.4%. both on separate contracts but what they did was pay the 0% loan of with some of the 9.4% loan. My question is can they do this or is it an illegal bridging loan. i have been dealing with the…
Egg Banking Data Controller
Hi can anyone give me the proper address for the data controller or whoever it is that updates credit files at egg banking. I have a default on my credit files but it has the wrong date on it and i want them to update it. i have tried the derby adress but heard nothing back. Thanks Trevor

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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Loans

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