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Loans

Archives for June 2012

Student Loans Company
Hi All, To give some background, myself and partner entered University in 1998 and both graduated in 2002. We both took 3 years of student loans, we skipped one as we had gap years. After graduation we were both fortunate enough to get full time jobs and immediately started repayment of student loans. My partner made her…
Loans for poor credit
Hi everyone, Without going into all the details, I was the victim of fraud, perpetrated by a lifelong "friend". Even though I have always handled money well, I was plunged into lots of debt and eventually had to get a debt relief order. The friend was taken to court and found guilty of around 20 counts of fraud and went to…
Car Finance (HP) Question
Hi there, I entered a Trust Deed (Scotland) in 2006 which completed in late 2009, almost 3 years ago. During the 3 year period I did not apply for credit (of course!) and kept the car I originally had, maintaining the payments successfully. Since it's completion I have made 2 successful application for car finance.…
Credit Expert recommendations - how reliable are these?
I applied for a loan online today and was declined. I then signed up to a Credit Expert trial to get my experian report. My rating is good - 936 - but there were 2 late payments recorded against a card in the last year - stupid oversights on small payments that were quickly remedied. Credit Expert has suggested a lender…
Cahoot Flexiloan monthly payment before due date
Hi, just wanted to let y'all know of a situation that doesn't seem to be hi-lighted on any forums yet. I have recently managed to get my financial circumstances in order and have started to pay any monthly payments as early as I can after the statement date. On my Cahoot Flexiloan (hah!) I paid my monthly payment a week…
overpayment of halifax loan
hi I took out a £10,000 unsecured loan from the halifax which I pay back £450 a month, however I would like to overpay so I get rid of it quicker. Their website says it's ok to overpay, but says you have to send a cheque. I've looked, but can't see any other way of doing it, ie on-line or even going into a branch. has…
Nationwide Loan - how long before hearing?
Hi, I applied for a Nationwide loan earlier this week and I didn't get an immediate acceptance on line. When I check my application status is says complete with a time about 4 hours after I applied. It's been 4 days now and I've not heard anything, I assume I will get something either way, i.e. if approved or declined?…
Shocked isnt the word! Consolidation
I just called Lloyds tsb as I have a loan almost finished with them and wanted to double check if it was this month or next month. Anyways it got into bit of a conversation and I explained that this was the last of our loan and then we could concentrate on getting rid of the credit cards, the advisor asked if Id be…
DOes this seem logical?
Hello, dddddddddddddddddddddddd
payday loas, live data equifax
EQUIFAX & LENDINGMETRICS GIVE PAYDAY LENDERS VITAL DATA AS THEY PREPARE FOR NEW VOLUNTARY CODE OF PRACTICE Integration of Equifax credit data tools and LendingMetrics Dynamic Application Search enables payday lenders to demonstrate proper checking of consumer affordability London, June 2012 - Leading credit information…
Wondering if ?
I have just cancelled my Barclaycard as they wanted to put the interest up to 27% from 22% my balance is £5k i have a natwest loan also im not in a postion to pay the card off yet at 22% its going to take a long and expensive time just wondering about some other form of finace at a lower rate any suggestions
paragon personnal finance
my husband and i borrowed £7000 in 1995, the following year my husband was diagnosed with cancer and we reduced our payments. We then had more health and money issues and sold our house to rent property, after several years we lost the information of the loan, even though they were still taking £50 a month from my husbands…
Moving Loans or repaying early? save yourself some money...
Just wanted to share with you a trick to save yourself some money if you are moving/refinancing loans or just paying one off early. I've done this so can confirm it works. It may seem like obvious common sense to some but the banks won't be upfront that you can do it to save a few quid. I had a loan with Barclays, and…
“High Level of Borrowing” – How Tesco Bank explains it
“High Level of Borrowing” – How Tesco Bank explains it I have recently applied for a loan with Tesco and was refused “because credit information from Experian indicates that you already have a high level of borrowing”. Knowing that my current financial commitments (debt) are around 10% of my total annual salary, I have…
There really ought to be a 'sticky' topic on...
(aside from some of the more general stickies already in existence, i.e. 'your credit rating discussion area') Why you've been (or will be) rejected for a loan: Probably because you... - are already (deep) in (bad) debt - have defaults, CCJs, IVA, BR, etc. - have a history of PDLs on your credit file(s) and/or bank account…
Graduate/Loan Help.
I graduated from uni in 2010, since then I have been working abroad, doing temp work, travelling etc... I have managed to get myself a good graduate job earning £36,000 that starts this September. However, a couple of years spent travelling around and working abroad is quite expensive and as such I currently have zero…
What Constitutes Harassment?
Bearing in mind that the CAB guidelines say that "contacting you several times a day, or early in the morning or late at night" can count as harassment.............. Now, this has only started today, but I am really finding it unreasonable already. I was due to pay back a loan today with Payday Express and was frantically…
Experian credit score of 975
Hello I would like some help with this please, as it's all a bit over my head. I need to buy a new car, as my old one has high miles and is thirsty. I want a small, reliable car and have seen one which requires 6k in finance. It needs to be frugal and low mileage as I travel a lot and am often at remote locations and at…
PDLs on Credit Report
Hi I am nearing the end of a 3months repayment plan with Wonga but it has not shown on my credit report I got today. I have had numerous PDL's when I was working and always paid them back on time. I never defaulted on my repayment loan so I didn't get that £20 late fee payment as I rang them up the day it was due and…
Help needed for a loan!!
hi all, hoping you can provide me with some help or advice! i won't bore you with all in the info so i'll give you it in basic english need a 9-10K Loan for a car asap my credit rating is FAIR but i've never had any bad credit or late payments against me i've had 14 credits and all been settled with no hassle went to my…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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