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Loans

Archives for April 2010

Credit Expert & Outstanding Debt
Will a report from Credit Expert show up any outstanding debt? An ex ran up some debts in my name, I thought I had sorted them all out but got a letter last week saying I owed money from around six years ago. I got a report from Credit Expert today and it showed no debts outstanding. Should I tell this collection company…
early repayment(soz)
i took out a 10g loan last june at 18.6 %(i know dont lecture) i pay £251 mnt (no missed payments,no ppi,no holidays) 10x 251 =£2510 today i asked 4 a settlement figure as i am going 2 pay it off and i was quoted £9580 this seems a very high figure to me what u reckon? ive worked it out to be bout 9g +penalty interest ps…
Everest Windows Loan pay off in 24 months interest free
Help needed! Has anyone else bought a door or windows from Everest using their Everest Home Account, set up over a 120 month period with the option to pay additional accelerated payments to clear the account in 24 months? The agreement was that if you paid additional payments so that the cost of the double glazed unit was…
Loan Settlement Calculator: does one exist?
Simple question as the thread suggests. Is there one that works out loan settlement figures based on amount term and APR on a daily basis? Thanks in advance
Loans and credit score
My daughter has taken out a loan to buy small piece of land - the sale didn't materialise - should she put the money into a savings account while looking around for another piece of land? If she pays it back now and then gets another one later will that go against her credit score. Also the loan she has is 14% so would it…
Student Loan tax on a bonus
hi! i am hoping someone can help me! i am not great with numbers so apologies in advance! i get paid 25k per year and pay £75 a month on my student loan. I have been told recently i will be getting a 1k bonus from work - would anybody know how much of this money the student loans company will take? I took my loan out in…
Guarantor of a business loan
Hi I was a guarantor of business loan set up several years ago. 2 years later the loan was combined with the company overdraft almost doubling its value but without my knowledge. The company went bust last year and I'm now being chased for the full repayment of the company borrowings (i.e. the consolidated loan and…
Best way to obtain car finance
Hey, Im upgrading my current car this july, And im looking at financing a 2009 Ford Focus Titanium from either PolarFord or Thecarpeople or availblecar, I've been told car finance is relativly easy to obtain (due to the loan being secured on the vehicle), The average price of the ford focus i've come across from most…
not sure if this is correct at all???????
HI all thanks for looking, i have recently changed my car insurer and went for the monthly payment option, my question is related to the following calculation they gave me: Insurance Premium 483.00 Deposit 120.00 Amount fo LOAN 363.00 Credit [EMAIL="charge@10%"]charge@10%[/EMAIL] 48.30 Total payable 411.30 Does anyone know…
Calculating the value of overpayments
Anyone know any good calculators to work out how much £££ value there is in making a one off/regular overpayments on a personal loan?
Personal Guarantee Repayment
I posted the gist of this on another part of the forum some time ago but still need some advice how to handle the situation. I was a director of a Ltd co (based in Scotland) which went into liquidation Dec 08. I, along with fellow director, was guarantor for overdraft which was to be secured against both our homes. At the…
HELP! Advice needed on getting away from the dreaded Santander!!!
I’m in need of some advice on what to do here! I’ve been a customer of Abbey/Santander for over 20 years, with mixed views of the service. Up until today, I’ve persevered and simply ‘got on’ with it. But now, has come the time for change! Having learnt today (through me contacting them) that my Cahoot Flexible Loan Account…
cheapest lending of last resort STICKY
Shouldnt it say "or" not "of"?
Reclaim Direct uk
Does any one know about Reclaim Direct UK. Friend used them to reclaim PPI back she accepted £48.00 from PPI company Reclaim Direct UK charged £10.00 for initial contact and over 36.pounds for their fees she got a pound odd out of two years for paying PPI. So :(Take Care
Virgo home improvements and credit agreement
A family member has only just told me that they signed a credit agreement with Virgo for fascias and soffits .They signed it almost 5 years ago,for £2300.She gets statements and says she still has over £2000 left and paying around £55 a month.Something stinks to me .I only gt the bassics !!! she is so embarrassed and thats…
Help needed!
Hello everyone, some help would be appreciated on a problem I have. In November 2005 I left my job for personal reasons and had to sign on. At the time I had two loans with Lloyds Bank and an overdraft (ouch). After getting advice from the CAB I have been paying Lloyds various amounts to show willing which they have been…
will changing my current account affect my loan?
Hi all, I appreciate you may not be able to answer my question specifically but if anyone knows in general the answer that would be great! I have a current account with HSBC but would like to switch to A&L's current account (£100 cashback, no overdraft fees etc). However, I have a 5 year loan with HSBC (half way through).…
Credit Consumer act section 77
I have a loan and for the life of me I can't find my copy of the agreement, so I get in touch with the lender to request a copy. They say they need it in writing along with a cheque for £1.00, this I do asking for a copy of the agrement that I signed. A few weeks later my cheque clears and then they send me a (poor) photo…
has anyone ever succeeded in reducing rate on variable secured loan
My secured loan rate with 'Picture' hasnt reduced inspite of base rate reduction in las few years. The rate/product isnt fixed...its variable...what rights do we have to challenge the rate they charge when they are clearing achieving inflated profits??? Im now on financial difficulty and cant continue to afford payments at…
Advice appreciated- new loan?
Hi, First post! :hello:Hoping someone could give me some advice? Me and my husband took out a loan for £25,000 at an eye watering 19.85% (over £540 pm repayment) as we needed it immediately at the time. It was with a high-street bank that we also have a mortgage with. We have a good credit record with no missed payments…

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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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