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Loans

Archives for December 2009

Using isecured loans for a home owner loan
Hi Am thinking of using isecured loans to arrange a home owner loan. Apparently they give you cashback of 2% of the loan value instead of charging a fee. Just wondering if anyone has used them or heard anything about them? Thanks
Can I pay off my loan earlier than agreed?
Hi I took out a £6000 loan with HSBC 3 years ago for much needed home improvements before selling my house and retiring. Unfortunately the recession meant my house's value decreased and I didn't sell. I'm doing part time work and have taken in a lodger which is helpful but its still tight. I have some savings and I could…
Loan offer fraud
I just wanted to make people aware of a con that I have stupidly been a victim of. Desperate for cash at xmas I had been applying for loans on line , 2 weeks before xmas I recieved a letter saying I had been accepted for a £750 loan and attached was a payment card which I had to take to a pay point and activate by paying…
Barclays price promise on loan - HOW?
Hello, I recently got a loan from Barclays at 9.9%. Now they say they will beat any other company - but how do I get a written quote for another loan without another credit check? If they do a credit check it will show this loan so rate will be bad? Im confused...
Borrowing help £1.5k-£2k
About me: i am 20 yrs old, 21 in april! i am wanting to borrow around 1.5k-2k so i can buy a new car slightly sooner than if i was to save the rest!! i would be able to pay it off quick enough, atleast within a year anyways!! what would be my best option to get this kind of money without paying large interest rates! my…
student loan overpayment
my wife attended university last year and earlier this year ,but she had to drop out.she recieved student loans from the student loan company.she is now unemployed and i am the only one earning.she has had a letter from s.l.c saying that she was overpayed by nearly £5000 , and they may take further action to obtain full…
Payments to Welcome Finance
I have a secured loan with welcome finaince and My monthly payments are usually due by direct debit on the 30th of everymonth, but last few months it has been paid by card as my wages have never been in on time to cover dd, any this month I dont get paid till next week and another wage the following week and have not been…
Egg Website loan section
I have a major problem with viewing "Your Money" on the Egg site for loans?? I don't think i've ever had an easy time viewing my statements or the additional payments, or even the calculator and every time i've called them about it they say they've fixed it but never have!! Does anyone else have issues viewing things…
Help needed!!
Hello everyone, i was wondering if anyone could help me out... I am looking to start my own fish and chips catering van business with my fiancee. The only problem is we do not have the money to buy one so we have been looking at loans but everyone ive tried you have to be 23 or over. I am only 22. Does anyone know of any i…
Zopa - Do early repayments affect your expected return?
I'm trying to work out if the fee-free early repayment option on Zopa loans reduces your expected return as a lender. If we assume that only lower-risk borrowers (within any given risk-grade) repay early, then does this not leave you with a higher risk of defaulters and lower expected return? On a related note, has anybody…
SVR - Misleading?
I have a Secured Loan with First Plus on a SVR. My understanding of SVR is that if the Bank of England/Libor rates go up then the rate on your loan goes up and if they go down then the rate on your loan would go down too. How is it that First Plus are allowed to put their rates up while the BoE and Libor rates have gone…
Took a loan out but now want to settle it very early!
Evening all, I took a loan out in the beginning of november, but i now, no longer have a need for the loan. It was with HSBC over 5 years. I still have all the money borrowed, does anyone know how i can calculate my settlement, and if there will be any problems? many thanks
Paragon Loan - forged loan agreement
Hi I wonder if anyone can give me good advice on a paragon loan. They are a pain in my behind. I took out a loan with Paragon in 1993. I borrowed £3000.00 and agreed to pay £150.00 per month. I paid this amount for about 3/4 of the term and then fell into difficulties. I made reduced payments for many years. I have in…
Any advice at all on PPI?
Hi all. I have a loan with Natwest and the balance is currently at £8506.82 (£9000 originally over 5 years). I haven't got PPI on it as Natwest weren't offering the service at the time, and going through threads on here I'm pretty relieved I haven't got it with them to be honest. I would like some sort of PPI though, just…
Bank won't pay out PPI Advice
Hi, I'm trying to assist a family memeber with an issue they have with PPI handling by their bank. They took the loan out in 2004 with PPI. At this time they were in full time work so eligable for payout. Around 2 years ago she was made redundanct, but did get a contract job, which finished in Sept 09. She has now…
E-cv non credit grantor pending !!!!
Hi, Anyone know what this means on my credit report Searched By:E-CV NON CREDIT GRANTOR PENDINGApplication Type:Unrecorded Enquiry Thanks,
Urgent - Court Action Threatened by Welcome Finance
Urgent help required. My sister has a car agreement with Welcome Finance. They sold her husband a PPI despite the fact that he has suffered from mental illness in the past, and is also a diabetic. Following the usual practice of mis-selling the PPI claims, they have requested a copy of the CCA from WF. In actualy fact,…
Miss sold a natwest loan???
Hi In 2004 my husband and I were given a loan from the Natwest. At that time we explained that we were going to buy our Council House and would like to incorporate the loan into the mortgage when we bought. We were told by the manager at that time that this would be fine to do so went ahead and took the loan. When we came…
Loan/PPI claim advice wanted
Hi all, I'm after some advice on behalf of my girlfriend. A few years ago she took out an unsecured loan to buy a car. At the same time she took out payment protection insurance. Around 18 months ago she changed jobs. Two months into the new job she found she was pregnant (unplanned). a month after that hse had to have 3…
turned down
Hi I've recently been turned down for a loan and don't know why. I'm on the electoral role, have no late payments on mortgage/credit card and a loan has jus been paid off. Is it worth applying for a smaller amount or would this too be rejected? Thanks

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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
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
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
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
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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