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Is Loan Consolidation Right Option For Me?
Hello, This is my first posting and I hope I present this in the correct format. In summary I currently have a £540 interest generating credit card balance, another £3300 with a discounted rate of interest (£7 per month aprox) until January 2011. Finally I have a loan which was taken out 2 years ago over a 7 year term. The…
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2 Loans From Providents?
Greetings Forumers, I have a bad credit history and need money as soon as possible, so I am considering to borrow money from a provident, mutual or shopacheck, but I need a total of £1000 for a period of 51 weeks. I have no problem of paying about £35 a week, and most likely I'll be able to pay the full amount within 4…
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rule of 78
I have a loan and I would like to calculate if I'm paying the correct interest and how much interest I'm paying per month. the total charge the the loan is 12546.00 for a loan of 10,000 monthly payment is 209.10 permonth itsays in one place the interest rate is 9.05% but in another place it says the apr is 9.0% the loan is…
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Incorrect Default shown on credit file
Hi. Some five years or so ago, I bought a PC at Comet using the Edgecard as it was called then, that was provided by GE Capital Bank. The payments were due to finish in November 2009. Sometime during Summer 2009, I noticed that Santander Cards, had tried to claim a sum of money from my account at the end of the month when…
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First Time borrower needing £4,000
Hi ladies & gents, First time posting although I have been browsing the forums for a while now, plenty of great information available! :) I'm in need of some good advice as to how to go about my first time borrowing please. I'm a 22 year old Teaching Assistant, earning a little over £10k per annum in my current employment…
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Car on HP with Blackhorse finance
Hi All, I am after some advice regarding my options with what to do with the finance on my car. At the end of January 2010, i bought a 2006 56 MG ZT CDTi from Arnold Clark in Glasgow for £6250. I paid £500 deposit, and the balance of £5750 was financed with an HP agreement that Arnold Clark arranged for me through…
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Confused with Overdraft repayments - HELP
I am currently overdrawn in my Lloyds TSB bank account (over the planned overdraft). They have offered to increase my planned overdraft to reduce the bank charges that are incurred. I have agreed to pay back £100 per month to reduce the overdraft - i think about £70 is to pay it off and £30 is interest. The problem i'm…
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Unsettled loan showing as settled on Equifax
Hi all.... I am currently on a DMP with CCCS and have just decided to check my credit report to see how bad i look on paper ! I have a loan with CCCS with an oustanding balance of around £6,000 which I am continuing to make payments on through CCCS. Experian shows that the loan was settled in December 2008 with a note…
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Refused twice for a loan
Hi All, Having been self employed for the last 3 years I've run up debts on two credit cards, one with HSBC (£3000) and one with Virgin (£2000). Both are just under the credit limit. I've never missed payments or anything like that. I've just started a better paying job (£21k). Im really keen to go debt free in 2 years,…
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How does 'Early Settlement' work?
Hi, I was hoping some of you may be able to help me figure out how an early settlement on a loan would work? What i'm confused about is, say I take out a loan of £8,000 at 9.9% APR with a repayment term of 60 months. My total repayment amount would be £10174.98. What I want to know is if I were able to make an early…
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Using a credit card to pay off a loan
Hi guys, im new to MSXpert!, just wondered if you can get a 0% cardf and use it to pay off the balance on an outstanding loan, then repay the card each month.. is that possible?? or is it classed as a balance transfer? thanks in advance :) :j
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Missed loan payment
Hi, I could really do with some advice on this. In august 2008 i missed a loan payment on my natwest loan (£201) and i never recieved a letter from natwest saying i had missed the payment. In jan 2009 natwest randomly took the missed payment, even though 2 days after the payment was missed in aug 2008 there was enough…
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PGCE tuition fees - Student Loan or savings ?
Hi, As I had very lucrative holiday employment and lived with friends I was fortunate to be able to complete my first degree without touching my student loan which I did however claim and is now at approx £13500 sitting in Isas returning around 3.2% average. I am now starting a PGCE in September and have to pay £3250 in…
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currys 0% finance 12 months, they gave me all the paper work!
ok, bear with me as although I'm a big Martin fan this is my first post. So my partner and I went to Currys 2 weeks ago and spent £1400 on their 0% finance to be paid within a year or start paying interest. Paying it off is not a problem and it will be done before the 12 months are up, however, on returning from holiday I…
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Help on loans needed
Hi, i am after any help on ways i could save money or reduce my debts! I currently have 2 personal loans, 1 with Natwest which i still owe £8,000 and paying £256 a month, and 1 with Sainsburys bank which i still owe £16,700 and paying £315.10 a month. I also have £3,500 in my savings account which i could use to pay off…
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Is a personal loan the best option for me?
Hi As per the topic of this thread i am looking for some advice. I am considering borrowing £10,000 over a period of 5 years. I have been approved a Tesco personal loan at a rate of 9.7% over 5 years meaning i shall pay back £212 per month. Just now i have around £4.5k on a credit card with the interest rate due to rise to…
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Help to Clear Wonga Payday Loan
Hi all, im new to this forum not sure exactly how to get out of a loan with wonga so looking bit of good advise. Yes i know im stupid arent we all for getting in this vicious circle. I started my payday loans with wonga in december 2008 of a loan amount of £250, today im now owing the £1283 which includes interest. Im due…
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Sainsburys Finance - Do they ever lend?
Never been accepted for credit with sainsburys, but have been accepted with tesco, halifax and some others. They always refuse, yet id like to be with them to earn the nectar points. Anyone got anything with them before? I have a score of 940 and a good rating credit score.
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Loan reasons do they have any effect?
Do banks score your loan application based on what options you choose? Like when you apply for a loan it asks if the loan is for: Debt Consolidation Home Improvement Holiday etc Why ask this question if it doesnt have some effect on the outcome and does anyone know how their ranked?
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HSBC Loan
Hi there Earlier today, I called HSBC to apply for a personal loan for £5000 to clear credit card debts and for home improvements. I have banked with them for 10+ years and in that time have had 3 personal loans, all paid off no problem. I was made redundant in October 2009 and haven't been able to work since due to…
