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About to take out car finance
Good afternoon all from a rather dull Edinburgh, Was just looking for some advice really. I am about to start the haggling process with those dreaded new car salesmen at the weekend and with a current 0% finance option available over 5 years, I may as well (attempt) to make use of it. I am of course nervous with the…
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Money Shop Taken all my money this morning.
I have an agreement to pay the Money Shop £25 per month which has been going smoothly for several months. I receive a text reminder every month before payday and received one yesterday. This morning they had taken the usual £25 but also cleared out £700 in 2 lots of £425 and £275. I rang several people and went in the shop…
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Amazing credit rating but silly rates...help!
Hey, So i just applied to my bank for a loan of 15K and was given the apr of 19% !?!? Ive been refused on Zopa as well. Checked my credit rating with Equifax and its Excellent coming in at 935. Any ideas why the banks etc arent giving me a good rate ? I dont have any outgoings (homeowner with no mortgage), good salary, two…
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Lowering Loan repayments
Hi, I was wondering if anyone could offer me some advice. I currently have a personnal loan which i took out to pay for my car last year. I have found over the past year that i've struggled lots with my finances. My loan was for £9,000 with monthly repayments of £236. my car has proved to be more expensive to run than…
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no trace of car loans
Since 2001,my family and myself have purchased a few models of Suzuki cars,most of them from the same dealership.Some loans were from Black Horse, and some from Suzuki finance,which I believe to be the same company.The last loan we took out was in 2003 However,I made enquiries from their head office to see if we had been…
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Personal Loan Early Remayment & Underwriter Interpretation
Hey all, Just a quick question, I have a loan from Lloyds for £1000, Took this out in early Jan '12 I do have the money to pay this off now. I have already paid £500 off the loan so all I have is £500 left or 6 months worth of payments. on my credit file it shows as £91 p/m for 12 months as the term. If I settle this…
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Struggling with current repayment commitments, seeking advice
Hi there, I'll start with a bit of a personal history since I'm new and want to give an idea of where I'm at. I'm a 27 year old, currently living with my fiancee in her house which is privately owned by the family and on which we are charged a very generous (read; low) monthly rent. I've just finished a BA Hons which I…
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Banking charges applied on non-banking days.
I am confused, and hope that someone can help. If I transfer money from one account to another it takes a prescribed length of time. If this period of time falls over the course of a weekend or bank holiday, they dont count. How can charges (for example £5.00 per day for being over approved averdraft) be applied for days…
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When a defaulted loan is sold on, should it be marked as settled?
Having received a loan from HSBC in 2009 I unfortunately defaulted in March. This Loan was sold on to Metropolitan, a member of the HSBC Group, to whom monthly agreed repayments are made. Checking my credit file religiously I note that I am recorded as being more than 8 payments late. This 8 payments late statement on my…
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nationwide personal loan ??
MSE Official Insert: For the latest loans best buys read our Cheap Personal Loans guide. ---- After applying for a loan online with nationwide and getting a quote of 8.9% for a loan of 13500 over 5 years i got the following message after signing the loan agreement online: ConfirmationThank you for signing your Personal…
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Need a debt consolidation loan
Hi all, I have £5000 remaining on a finance I took out and the interest rate is very high. I think it's charged at 11% per annum. The lady said if I continue paying it off monthly I would pay £7500 in total with interest. Would you recommend taking out £5k with someone with a lower interest rate and saving money that way?…
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Dodgy Car HP agreement? Advice needed.
Hi All. THis is my first post on here :D I took out a hire purchase agreement in 2008 to get a car. I was young, naive, desperate for transport to get to work (had just separated from partner and used to drive his car) and I took out this agreement knowing I was paying a higher rate because I probably wouldn't have got…
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Amber Home Loans
Hi there I am on interest only with Amber and have been for the last two years, they are now insisting that I go back on to repayment mortgage but I don't have the extra £500 per month that this will cost me. I have not missed a payment on interest only in 24 months. Can they force me to do this? Surely I will lose my home…
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where do i stand on an HP agreement?
Hi everyone. firstly please accept my apologies if this is in the wrong area of the forums (first time poster long time reader!) I wonder if someone can help, in 2009 I purchased a brand new car on HP, paying the amount off monthly. I have never missed a payment and understand all the interest rates etc... The problem i…
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Loan Offer Help please?
I went for a loan for certain home improvements with M&S @ 6.0%. I recieved an email saying I was successful with my application however when the letter came it states a higher interest rate than the 6.0%. In my book that doesn't sound like successful, do I have anyway of requesting they honour the successful application…
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Career Development Funding
Hi, I have been accepted to an MBA program from July but could do with some advice on the finances I think I can self-fund but will possibly a bit unsteady for the first few months. I have applied for work funding and support from the Career Development Loan Scheme. So my question: * How likely is it that the Career…
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Save or take a Loan
HI :wave: I'm new to the MSE! Not too sure if this is the right place to post but here goes... I'm looking for a used car. My question would be whether it'd be better to save the money and buy it with the savings, or take out a loan/finance for the car Any advice, tips or suggestions welcomed :beer:
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Loans and short-term employment
Hi guys, hope some of you can help. I have a personal loan, was paying £85 per month, then was made redundant last October so with the help of the CCCS, had the repayments reduced to £5 per month. No problems so far with that arrangement. I also have student loans of around £10,000, and have never been made to make…
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nationwide personal loan
Hi i applied for a nationwide personal loan online and got a quote and signed the agreement. got a message saying that it would be looked over vying.nationwide within 2 working days and i would hear by post. Have i actually been approved for this loan and how long does it take for the loan to be paid out? It is going into…
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getting a loan
Just want some advice about applying for a loan, i've tried tesco and zopa for a loan both declined, not trying my bank Lloyds tsb when i get figures online the apr is 24.4%. I was thinking of going to my mortgage provider Santander. Little bit about my situation, i have recently just got on the property ladder bought…
