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I really am in trouble
I took out a logbook loan with a company against my car to pay off some debts. I keep borrowing from payday loans to make up the shortfall. I really cannot afford the re-payments and I have no idea what to do or what rights I have. Can anyone help?
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What to do ...?
I have a loan I've been paying for a couple of years and when I recently checked my credit report there is no entry for this loan.When I checked the loan paperwork I discovered that they have the wrong date of birth for me.I know this seems wrong but I'm quite tempted to try my luck and cancel the direct debit and refuse…
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Loan help
Hi I had a loan from GE money for £43000 paid £407 a month for 10 months paid the loan off after 10 months was charged £49950 to settle. Does any one know if this is excessive sorry to sound like a numpty but I think it is.Can I claim any thing back from GE?
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Will someone please explain APR to me in layman's terms?
Thankfully, I'm in a fortunate position where I've never needed a credit card or loan :j However, I'm now looking at getting a small loan to get a new family car. The rate I've been quoted is 6%, but the APR is 15%. What do these rates both mean? And why are there two rates? If I'm borrowing £5000 over 4 years, how much…
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Borrowing to help children
I am in the lucky position to be mortgage free, but have only small savings. I am 52 and my husband is 54. We have a very modest second home which is also mortgage free, but have no pension provisions. My daughter and partner are renting and cannot save for a deposit due to the high cost of renting. I am toying with the…
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Best loan deals with cashback/gift?
Following on from around 18 months on/off out of work after redundancy (I'm now back on my feet with a new job) I have debts of around £8,000 and I'm looking to consolidate all of it into one managable monthly payment (over 3 years). I've seen Martins article regarding the best deals: but I just wanted to see to make sure…
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Default account
I had 3 default account (Mobile contract) from last 4 years and total outstanding was £1100. I was out of the country from last 4 years and recently came back to UK. Now I paid all my outstanding and it will show in my credit file that account settled. I am employed and renting a house and also have registred with Electrol…
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Secured loan £30 charges!
A friend has a second secured loan on her house (Her Mortgage is with Sant). From a recent SAR on this loan with this other company contains lots of collection activity charges when they have been late with the payments. My question is what letter should they use to request / claim these back as this is a secured loan so…
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Loan or Balance transfer?
I'm panicking a bit: I don't know which to try first - apply for a loan (£5000) from 'suitable matches' on Equifax, or try a balance transfer from 'suitable matches'. Usual dilemma - footprint on credit file - then it affects the 2nd try if turned down. There are no searches as yet on the file. Thanks for any hints. Dave.
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Car finance dilemma help appreciated
Hi all as recommended by another user in my other thread (debt diary section) I have dropped into this section for advice on my car finance with black horse! I am 12 months into a 60 month deal,since getting the finance I realise it was the worst thing I did but what's done is done! But the money I'm pouring into a car I…
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Bad credit?..info needed on unsecured loans?
I am looking for some information on loans , I recently applied to my bank for a £1,000 , but was refused , my next step was to apply for an unsecured loan thro a broker , it seemed I would be a good candidate but there seemed to be a problem with my credit file , which has now been adjusted ( I wasnt on the electoral roll…
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Minicredit Help Please
Hi all, I hope someone can give me a bit of advice please. On 11 April, I signed up with Minicredit to borrow £100.00 I went through the application process on their website and got a pre-approval and some pre-contract documents that I had to acknowledge, which I did. The clause on their 'Fast Transmission Fee' did concern…
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what is the best deal out of these
I have been to look at a car today and asked about finance options. After p/x my current car the remaining amount to buy the new car would be £13,000 They gave me several options, three HP and one PCP where they guarantee a value of my car after 3 years, I can either sell to them at that price minimum or give them that…
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Paying off loan early
Hi I want to pay off an agreement early just rang for a settlement figure and got an atomated service advising that the settlement figure is more than I owe is that right . I thought if you paid off a loan early then you save due to intrest
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How do i delete my post?
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Rent Deposit - Bad News
After 6 years I'm leaving my apartment. The apartment is exactly as when I first got it. No wall pictures no hooks no nothing. There is leak damage from the apartment above me that was haphazardly repaired and water damage to the ceiling that every apartment on the "storm side" received that was never repaired. I spoke to…
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Family Loans
My son got himself into difficulties with a car loan charging 39.9%. I tried to set up a joint loan at our bank for £3k to settle this, at less than 1/2 the interest rate, which was declined because of my son's history. My credit is very good and have no debts, so was very surprised, disappointed and not a little miffed.…
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Welcome Car Finance - What To Do?
I'm hoping maybe someone can give some advice on what to do. In Feb 2008 I purchased a car via Welcome, a joint agreement with my, at the time, partner. A couple of months later we split up and due to money problems, Welcome defaulted us and subsequently in Aug 2008, terminated the account. I still have the car, nearly…
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Credit agreement Cancell Extended Warranty
Hi All, I am new to the forum so I apologise if this is in the wrong section, I have had a credit agreement with Creation for the past 20 months and with this loan agreement I took out an extended warranty. With this being the first car I had ever bought on finance I was not sure how all this worked. I have missed the…
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Graduate Loan - Wedding
Hi, I am new to this site and would like some advice before applying for a loan. The Situation: Will be getting married in a few months, but need some money now. Need about £11k loan over a 4 year period. Salary: Up to Mar 2011 it was £18k. Since April 2011 i have an additional job, which brings in another £10k, so…
