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Loan taken out by family member
Not the usual type of post around loans to/from family members Around 3 years ago my step father took out a loan on my behal, he could secure a loan at 9.9% (married, home owner, no debt etc etc) whereas i was offered 19.9% (some debt from uni, rented, moved home recently etc etc) The loan was for a car purchase and was…
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B132 notice to a registered proprietor ofan application toenter an agreed notice HELP
Hi I am in a state of total panic here I have a professional studies loan with HSBC, which i was repaying under a debt management plan with payplan. as i recall they registered a CCJ against me while i was setting this payment plan up 2 years ago. Payplan have all the paperwork regarding my CCJ, and I was paying off an…
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rent arrears & taking out a loan to cover it.
Hi, im new to the site, so bare with me. We live in rented accomodation through an estate agent, My partner is self employed & last month was a bad month - therefore we couldn't pay our rent, and now have arrears and threatening letters. I found out i am pregnant last month :D , but even still theres still not much help we…
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Anyone had a Woolwich Loan
Hi Guys, This might be obvious but I had a loan with the woolwich which I am trying to claim back PPI on but can't seem to see what the reference number is. There are two sets of numbers and wondered but nothing to say what the ref number is. Can anyone advise? Thank you.
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Career Development Loan
Hi, I am sure you have seen this question before but no one seems to have been in the same situation as me... I am returning to university in September for MSc... I have £4000 saved to cover either fees/rent but need about the same to cover the rest. I have a loan I am paying back at the minute which I got without any…
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Recommendations on where/how to get a Business Loan (£15k-£25k)
Hi guys, I've searched the forum and found a few people asking similar questions, but I guess every situation is a bit particular so I thought I would post a new thread.. I have the opportunity to get involved in a business with a couple of my long term friends/colleagues, and to buy shares in the business and become a…
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Take out 7k loan for cheaper rate then overpay?
Since there should no longer be a charge when making overpayments with a personal loan, does the following make sense?: £7000 @ 5yr = £1114 interest 6.1% APR £6340 @ 5yr = £1481 interest 8.9% APR Therefore whats to prevent me from taking out the £7k loan, making an immediate overpayment (giving notice first) of £660, then…
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Loan advice
Hi everyone, I'm in need of advice regarding consolidating my existing debts into a one monthly outgoing. Due to my habits in my teens I have a very poor credit rating. I didn't realize every time I searched for a loan/credit card it affected my score, I constantly missed payments and ignored the collection teams, I have…
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Loans: Savings and guarantors
Hello all, I have a couple of questions. 1. Is it possible to get a loan that comes out of savings as opposed to your salary. E.g. - You had a salary and saved and then purposely stopped working for a set amount of time e.g. for study/travel etc, are there any loan companies that will take the payments from your savings.…
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How does car finance work?
Can anyone give me some information on car finance please? I am looking at buying a new car for around £10000 maybe a little more depending on the car. What do finance companies look at from their applicants? Does a deposit help towards being accepted? If so what sort of percentage of the car price wouldhelp? I know as…
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Help with a personal loan
Hello Can anyone point me towards any companies that do not require a guarantor and might be willing to accept my loan application? The internet is full of brokers and confusing websites that want to take fees and you end up with dozens of people calling you who can't help. I am looking for a £1000 loan and can afford…
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Taking out a loan at 21 with fair credit rating
Hi i am currently after a loan to buy a car, i have had 2 loans in the past first one being with a high interest company second one with my bank. I paid off both loans half way through each of there terms and never missed any payments but when i paid off the one at santander i applied for a new loan of £12000 and was…
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RBS loan statement
On Friday we are due to make the final payment for our joint RBS loan-it's been a long time coming! The original loan started in May 2005 and was a consolidation loan. Throughout that time we have never had any paper statements in regards to the loan, but have been able to check the status of it by logging on to our RBS…
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APR madness!
Hi all, just looking for a bit of advice/opinions on a loan quote I was offered. My situation is that I asked my own bank (Santander) for a loan of £10000. This money is for a deposit for a flat as I am looking to move, I said on the application that this was for a new car. However the APR was 16.7% meaning over 5 years I…
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Some Advice on taking out a new loan
Hi All, I'm after some advice on taking out a new loan. The loan will be used to pay off an existing one and a little extra to buy a new car. I currently have an existing loan that was taken out 18 months ago for £8000 at an interest rate of 8.6%APR. Repayments are £165 a month over 60 months. The plan is to take out a new…
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Newbie helping Mum, needs help please
Good afternoon everybody, Please forgive me if I have posted in the wrong place, but I'm new and still finding my feet. Basically, I'm trying to help my mum, who has got herself into a bit of a state with payday loans, lost her job, has had a bit of a breakdown and tried to commit suicide a couple of months ago :( I am…
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5 Years After 'Settlement' - Debt Collectors?
I'm posting this on behalf of my partner who got contacted by a debt collection agency yesterday. 5 years ago she took out a loan to pay for an operation, but a few days after receiving the money the NHS agreed to perform the operation, so she went to the branch of the company Welcome Finance and asked how much she owed,…
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Loandirect.net FRAUD HELP
PLEASE HELP! Someone I know has had money removed from a bank account from a company called loandirect.net without permission. They never signed up to this company, and have now had approx £50 removed from their account and have been sent a "benefits card" entitling them to apply for loans etc. When trying to call them,…
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Put Loan in Savings Account
Hi all, I'm looking for a bit of advice please. I have recently taken out a new loan to replace my old one as I have managed to get a much better deal. The settlement figure on my old loan is valid until 14th June but the new loan was paid into my account today. Would there be any benefit in putting the money from the new…
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Dividends and credit rating
Hi If my gross income is £50k but I only take £7488 as salary and the rest as dividend, then if I apply for a credit card or a mortgage, would the bank see me as someone earning £7488 or £50k? In other words, is the banks' notion of income same as the taxman's? Quite a few cards require a minimum of £20k or so. I can sort…
