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Debt crises due to loss of job
Hi all I have today signed up to the site due to a recommendation from CCCS. Having read many blogs up to now, I find that most of the ones in the area I require help on seem to be around 5 years old. In 2010 I was signed off work for approximately 6 months for work related stress issues. I returned to work in August 2010,…
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Loan to pay overdraft good idea?
I have £1600 into my overdraft (interest free) and 2500 on credit cards. I am only part-time so only making enough to pay the minimum. I was thinking of getting a loan of 4000 to pay them off and pay it over 7 years. My thinking is that I will be in better position over the next years than i am now and the interest won't…
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Threat of default on my account
Hi, I am new here so apologies if this has already been covered in another thread but I could not find it. I lost my job at end of Nov 2010, which is the subject of an employment tribunal. I have made arrangements with 2 separate lenders to make reduced payments on the account they are as follows : £15k loan - 297 monthly…
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Small Business Loans - 50/50 matched finance- Options/government backed/personal loan
Help! Having spoken to quite a few banks regarding meeting them to discuss a start up small business loan (I'm going to be asking for £15K in total), most have said that they'll "only consider" 50/50 matched funding - sadly I just don't have £7.5K sitting around. I have £2K in savings and have spent approx £500 on stock so…
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secured loan unregulated
Hi can any one help me with a problem with a unsecured loan. I stuidly took out a unsecured loan with PPI 7 years ago the loan has been sold on a couple of times, After a serious car accident nd my husband unable to work we have got into difficulty and now going to court. The company will not hounor the ppi they say it…
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Payday loans; recurring card authority
WARNING; be very careful if you apply for a Payday loan and they wish to take your card details to set up a recurring card authority (RCA). It is very difficult to get out of this should your circumstances take a tumble and you can't meet the payments. Even if your bank account has no overdraft facility, the card payment…
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Joint loan declined can I apply for single?
I applied for a joint loan with my partner both of us have good credit history or so I thought but then we were declined a joint loan. I applied for a statutory credit report for both of us and my partner failed to remember about some missed payments she had and some money she owed on an account however my report came back…
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small loans?
Hi looking for some advice, we are so unbelievably broke at the moment and I was wondering if anyone could reccomend somewhere I could get a small loan of £200-£300, somewhere that would accept bad credit scores? Basically I cant work and last month my oh had to take off 2 weeks from work to our young children while I was…
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Early Settlement - workings
I have read that after May 2005, companies should be using the Consumer Credit (Early Settlement) Regulations 2004 to calculate early settlements instead of the rule of 78, but i must admit to being confused. Anyone know of any online calculators that will work it out for you? Below i have calculated what i think would be…
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Car finance processed as a loan and not HP
I recently changed my car over and after looking at my Experian Credit Report Online just, I've noticed my 'Score' has dropped into the 'Poor' rating, which set alarm bells ringing! I've been through everything I have on my file, everything is healthy and green, then I noticed that my car isn't on the Hire Purchase…
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Advice on lending money to a friend
In a nutshell – I would like to lend £1-3k to my boyfriend. I have every confidence that he would use the money as intended, could afford to repay me, and would repay me even if we split up. However, he’s very practical and independent and wouldn’t want ‘charity’ from me. I am also pretty financially sensible and realistic…
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cc transfer balance
hi how easy is it to transfer my cc balance, it is about £2550 and the limit is £2600. if i do transfer to another lender is my old card still in use with clear credit on it.
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Old Loan
I've got an old loan i didn't pay and it went to debt collectors. My friend told me if the debt collectors don't have a copy of the original credit agreement, then the debt is wiped and i don't have to pay it back? Does anyone know how true this is?
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need new loan
hi me and my partner have just moved to live by the sea,at the moment i have a £5000 loan and £2500 on a credit card owed,as i am the only one working at the moment my partner does not start until end of july,but we are struggling with money and want to get a £10000 loan to pay off the loan and card but this would be on my…
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Wentworth Direct Finance - HELP!!!
Hi all, I am trying to cancel a loan application and get a refund of my £69 "brokerage fee" from Wentworth Direct Finance. I first sent them a letter on the 25th May requesting cancellation and refund in line with their T&C's and have sent them two other letters since. They haven't responded to any letter and don't answer…
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Loan issues ???
Hi first time posting on this site need some help. Im 23 still living with parents im after a 7k loan , Ive had 2 loans in the past paid off no problems. Ive got 0 debt. My bank offered me 7500 over 4 years pay back over 10.5k ! Which i think is ridiculous. My credit report on equifax is 362, why so low ?? the only bad…
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Loan for consolidation
HI there, after a bit of impartial advice. My partner and I are with HSBC, we have one current account each and one joint account. Between both of us we have around £18,500 worth of debt, including credit cards, loans and overdrafts. At the moment we pay back each month about £560 per month (that's just paying the minimum…
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Concerned about my Gran
Hi all, I was wondering if you could help or point me in the right direction over this. My Gran who is 80, seems to be struggling financially and finally came clean this week that she has taken a loan out for my cousin. Sadly the cousin in question seems to have brainwashed her into taking out the loan. He has been…
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Provident
I took a loan out with Provident, however can no longer afford to be paying it back at £35 a week. The woman whom comes out, I can't stand!! So don't really want to say to her, as she gets payed for the collections she makes. What can I do? Just don't answer the door is a option, but not wize.
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Loan
Hi Can I ask a quick question I took out a personal loan out 5years ago for some one else who had advised that once his fund arrive he would pa me back double the amout taken but he said he would pay towards the monthly charge which he did and after a few months he stoped and his reason was his other creditors had advised…
