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Welcome Finance
Hope someone can help me figure this out. I have a joint loan with welcome finance a Home Improvement loan over 120 months. They have just phoned to ask if i can increase my payments as the loan wont be paid off till 2018. At the moment we pay 70 a month and have 60 coming back off in CAPITALISATION??? I asked about a…
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Loans For You
Hi everyone. After reading this forum I have a feeling I've fallen into the same trap as many others. Do any of you know anything about this company "Loans for You"? I applied for a loan with them (I didn't realise they were brokers at first), it all seemed genuine. I was approved for a £6,000 loan with monthly repayments…
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Borrowing 50k - any way to do it?
Hi, I know i've probably got no chance of achieving this but if anyone knows a way then I guess someone here will know so I thought there's no harm in asking. my partner and I are splitting up. We own a property together worth about £180k with about £5k left to pay off on the mortgage. I have some money saved up so I'd…
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Sainsburys Loan question..
Hi I am looking at getting a loan for £6,000 from Sainsbury. To make the repayments easier I was looking at paying it of over 5 Yrs. I have worked out that for the extra year I will pay £250 extra than I would over a 4 year period. The total monthly repayment over 5 yrs is approx £122.23 compared to £147.xx over 4 yrs. I…
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Problems with early resettlement of bmw car loan
Hi. Hope that some wise, experienced moneysavingexperters with an understanding of maths might be able to offer me some advice on an early resettlement of car loan taken out with BMW finance in 2008. I took out a car loan, straigtht HP type a non variable rate of 8.7 APR with BMW in August 2008. I was told at the time by…
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Don't want the money immediately
Hi, I need to apply for a loan but I don't want the money immediately. Do companies normally allow you to choose when you receive the money? The money is for a car which will replace my existing company car (opting out of the scheme), but as the loan will be financed through a car allowance, I want to avoid getting the…
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Secured Loan miss selling????
I took a secured loan in 2005 in my sole name but on a property with a joint mortgage with my husband. It was for 15k over 15 years and regulated by the Consumer credit Act 1974. I have defaulted on the loan, have not paid anything towards it for over 2 years. I have recently become Bankrupt, the loan company from what I…
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New Loan
Hi all, I currently have a loan with the Halifax. I have just under 7k left to repay. I pay £175 a month at a rate of 22%. I can take out a Tesco loan for 7.5k with repayments of £145 per month at 7% apr. Is this worth doing to get my monthly payment down? Thanks
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Loan vs Overdraft
I'm wondering what the best route will be? I need to borrow £1000 and pay it off as soon as I can. A loan from my bank offers an APR of 23.9% on a 12 month loan. However, we have an overdraft facility which we don't currently use of £3000, and the nominal monthly rate is 1.52%. We would hope to pay it off within 6 months.…
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Pay Day Loan Confusions and utility bill
What The Hell? there are somany payday loan offers about wich one's are any good? without being a total rip off :) !! Basicly i need a quick loan till i get paid to cover (suprise suprise) a HUMONGUS electric bill. ive been paying £75 a month and the yearly settlement is another £450 ontop on a 2 bed flat !!???!!?? They…
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Loan settlement offers
Hi, I was just looking for some advice on loan repayments. My boyfriend has 2 small (£700 and £1300) to O2 and Black Horse. He had reduced payments down to a token payment through CAB after losing his job some time ago but now he is now working again we want to pay them off with lump sums. I just wondered what the…
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Hire purchase
Evening all, I have been searching the forum and other sites and I can't find an answer to my question, I am hoping that someone might be able to shed some light on the following for me. Since February 2011 some extra protection for consumers was introduced under the Consumer Credit Directive (CCD). The specific part I am…
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Payday Loans
I am seriously thinking of taking a payday loan out for around £500, my cat has been ill and is likely to need further expensive treatment in the next week or so and I am not insured. I have already run up a bill there of around £300 to be paid over a year and I am not sure they will let me have more credit. I don't have…
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Finance for an extension idea's please :(
I am trying to get finance for an extension to my house. I have been quoted around 70k for the job but the most i can borrow for a home improvement is 45k. This is because everywhere seems to lend based on the current value of the property and not the value based on plans. I don't want to remortgage because I have a 0.5…
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Am I likely to be accepted
In January 2014 I will be starting my Legal Practice Course. The fee's are around £15k. I have some money saved up for it, but I will be needing a Career Development Loan to help fund the course. The problem is that I have defaults on my credit file from 2008, and 2010. The one from 2007 will be gone by then, however I…
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7 years old unpaid loan issue.
Hi, This is my first post and first step in resolving the issue. I took out a loan with Barclays Bank more than 7 years ago. My finance situation went from bad to worst and couldn't make any payments. However I did make over 8 months payments. Now after so many years I had a letter from Robinson Way Limited wrote to me…
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Wonga telling lies about Student Loans
From the website of Dr Stella Creasy, MP for Walthamstow:Wonga’s irresponsible advice to students After their webpage of financial advice to students provoked outrage, Wonga has caved in and deleted the advice from their website. The advice suggested that students should consider it more financially prudent to borrow from…
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Wonga.Com - unlawfully charging for statements
There are a several reports of Wonga.Com demanding that borrowers pay £10 for a Statement of Account. It is unlawful under the Consumer Credit Act 1974 to charge for this Statement: See: http://www.legislation.gov.uk/ukpga/1974/39/section/77B This should be dealt with by HM Courts. From the 1974 Act:Fixed-sum credit…
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Been asked to get a loan against my flat. Advice needed.
Hi guys, I could use some advice please. One of my friends has asked me to borrow against my flat because he owes money to payday loan companies that he cant pay. He has tried to get a loan and isnt able to get one because of his poor credit rating. What I'd like to know is: I own my own flat outright but I am not…
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Bad Address for a Loan?
I friend of mine has applied for a loan and has told me he was refused because there was bad debt at the address he is renting. I know the last person who lived there was up to all sorts so mail still comes from companies chasing debt but i didnt think that this could have affected his application? Is he right?
