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Can someone explain this?
I have a loan with Lloyds, I took it out for 4 years in 2007 February, amount £7.500. The last couple of months I overpaid the loan by £100 every month, the normal repayment is £186.21 per month.I check the loan balance online regularly. So yesterday the balance was 2548.91, I just logged in and the balance stands at…
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Secured loan now unsecured
Hi I was wondering if anyone can help me. I had a secured loan on my property which i have now sold and the loan has had to become unsecured. The loan company said that we will not have to sign a new agreement it will state that is is still secured with a note on it stating that the property has been sold. How do i stand…
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63 yr old given a 8yr £15k loan-now can't pay back. Any recourse from Bank?
Hi folks, I need some advice. I've just found out that my mother who is in hospital with Breast cancer which was diagnosed last year has a bank loan I was unaware of. She has been off work sick for 12 months as the treatment really knocked it out of her and she's back in hospital again with an infection. I am looking after…
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Smile
Hi guys. I bank with the smile where my 2 incomes are paid into every month. I thought my Xmas had come early when I called them on Xmas Eve and they advised I had the availability for a loan of up to 11k. I ended up requesting 7.5k over 24 months but then I thought about it and decided I could do with an extra £500 so…
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Genuine "sub-prime" loans i.e. not a complete con?!
Hi Apologies if this is in the wrong place... After reading several horror stories about various poor-credit / sub-prime brokers etc I am look for any advice or info on obtaining a small loan. I'm unable at present to apply for mainstream credit as British Gas just slapped me with a default notice for £180 on a disputed…
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Student Loan
My son finished degree 18 monthsago and has since been travelling, funded by savings etc. SLS have asked for proof/and or income details and since written to say they will not pursue at least until end of 2010. What are the rules re this etc, when will he need to start paying, does anything such as living abroad etc affect…
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Applying for sainsburys loan
i am going to apply for a sainsburys loan and was wondering, when they ask you what it is for should i admit that it is for debt consolidation or not, does it go against you that you are about £6000 worth of credit card debt?
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another welcome question
i took out a small loan i with welcome in dec 2007, for 24 months i took out the ppi not realising how much that would bump up my monthly payments, it cost me an extra £30 a month. they would not let me cancel. i have never missed a payment but fell into difficulty when i was signed off sick from work. i sent the claim for…
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Welcome Finance - Credit File Record
Hi everyone, just a question I hope someone could help with. I get my credit report monthly and have noticed that the four records of loans Ive had with Welcome are all detailed as follows Loan one: 31/10/2004 Welcome Finance Mortgate - Satisfactory - Settled Loan Two: 19/02/2006 Welcome Finance Mortgage - 3 Missed…
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Can anyone suggest a way of making car finance payments easier to handle?
My boyfriend is 21 and he bought a car on finance almost 2 years ago. He bought his first car previous to this one and was basically conned into believing it was a working, reliable run-around. Turned out it had A LOT of problems and caused us much stress so, feeling a little put off by any car in his cheap price range he…
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defaults and credit reports - help please
Hi I'm sorry if I've added this thread to the wrong place - I've done a keyword search to see if I can find the answer elsewhere, but I've not been successful. I just need some advice please... Last week my partner received two letters from two different companies regarding two very old debts. We've checked his Experian…
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Paying off Loan early - overpaying question
I have a loan with Sainsbury’s I had a statement and it currently stands at £8000 and has 3 years to go, if I make extra payments will this just shorten the life of the loan? Will it also mean that if I pay more or overpay that I will be paying less in interest?
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car lease/hp
Is there any companies around who offer vehicle finance for people who have no proof of employment, or proof of income? Or would i need 3-6 months bank statements showing money paid in? I would be prepared to put cash down up to £2000 and £200-250 per month? just wanna get a newish car I am on the voters for about 3mths!…
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Defaults have been applied to my credit file
Hi all, I have just checked my credit report and I have had a default applied to each of my 2 personal loans (Northern Rock and Mint). What happened is that I was made redundant in March 2009 and I was unable to make my usual monthly payments to them from April onwards. I kept in constant contact with them to update them…
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Bank Loan or Car Finance?
Assuming the APR's are similar, which is more straightforward. I know they both use the credit checking procedure, but are any less stringent than the other? Any difference in turnaround time? Thanks
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Logbook Loans advice
Yep, I was silly enough to take out one of their loans in my time of need :lipsrseal Anyway, I only have until February to assign my private plate to my car, however with my logbook being with Logbook Loans I couldn't do it. I emailed them, and to their credit not only did they quickly call me to discuss, but also…
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7 meetings with bank manager
hi,go easy on me this is my first post.the short story is,l took out a loan with the bank 2yrs ago.had ppi on it at start,self employed so cancelled it.went 2 take out a loan for a van and was declined.had 100% credit rating so looked at report and the bank entered 6 late payments on history.6 meetings later each over an…
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cosolidated business loan legit ?
some time ago my limited company had 2 loans with the same bank. as we had hit a sticky patch, bank suggested we combine both loans into 1 over a new longer term. i did not object until now, some years on and with the company long gone. i have been paying the loan up to now as i beleived they held a guarantee. but finances…
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Joint account credit woes
Hi all Me and my partner have a joint account she has very good credit score 900s and I am around 350 on Experian. We are wanting a bank loan to consolidate my credit cards and over draft, form my separate account from before we met. What is the best way to apply for a loan. I am concerned my credit will effect hers as we…
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Loan agreement
Good Evening, I have a personal loan with Alliance and Leicester. It was taken out just before recession and before the takeover by Santander. As Santander have now bought Alliance and Leicester, surely i have to sign a new loan agreement with Santander or can it simply be transferred? Thankyou
