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Loans

Archives for December 2012

Halifax Personal Loan Paperwork
Hello, We applied for a Halifax Personal Loan in order to consolidate two credit cards. We were intially refused and I think this is probably due to the amount of debt we could potentially have if we don't then actually pay off the cards (which we absolutely will do as that's the whole point of the loan!!). We appealed and…
10K-20K Loan Advice
Hi Everbody, Can anyone advise the most cost-effective way to arrange a short term loan (max.period 6 weeks) for 10k to 20k. Would it be credit cards or 1year personal loan 0r overdraft with bank, ANY IDEAS? Thanks..........
Toothfairy finance need advice
On Saturday I paied 72quid extension fee, to roll over 2 weeks, was hoping to do same again and then pay it off after when I am paied. Yesterday had an e-mail saying I failed to pay the full loan amount when I know I paied the extension fee and they also sent me an e-mail saying, pay 0 pound to extend or pay the full…
Avoid pay day loans!
Hi there Just preparing my annual financial statement for myself to look back and reflect on. I stupidly took out PDL to get by each month. I wanted to share with you my calculations to help you not be tempted by them or to pay them off quickly if you have them!! I had 2 that i used throughout this year: money shop and…
Applying for Credit
Hi everyone, Back in August/September my credit score was showing as Poor and I have tried my best for the last 6 months to overpay debts as best as I can. I have since reduce my debt from around £14000 to £9500 My credit score is now showing as good. I applied for a loan in November and was rejected straight away. I…
Car Finacing?
Hi there, I'm a 19yr old lad, on the electoral roll, i have a stable part time job with a income of 500-600 a month, i have a full GB license since 09,10,2011. But i have no credit history, I normally just buy things straight out. I could have one of my parents be a guarantor.[but my parents have really bad credit] i have…
Loans - what to do...
Hi all, When i turned 18 i really abused my credit history, getting phones on contract, loans, credit cards etc which i couldnt exactly afford to pay back, at the the time i was really stupid and wasnt thinking about my future, now i am paying all my debts bit by bit but i'm struggling being accepted for a loan, contract…
Interest free credit - How does it work?
I get the basics as a consumer - You borrow x amount and if you repay it before the date specified you won't pay interest. But for a retailer how does it work? I'll use DFS as an example. They give you 4 years interest free credit, So if the suite costs £1000 and the credit is supplied by Bank A, Do Bank A pay DFS £1000?…
Small, Short Term Loan
Hi guys, new to the forum so I apologise if I am posting in the wrong thread. Basically I've got myself in to a bit of a silly situation over Christmas. Went on a few too many nights out, parties and over did the shopping a little. I owe my dad £400 for his CC bill which is due to be paid at the start of Jan. I currently…
Loan Sharks
I know asking anyone about loan sharks is always going to get comments but in the past I have been lucky enough to be able to borrow money (all be it at high interest rates) and it be okay. I am not working as I am off isck and don't have a good credit rating so always get turned down for loans no matter where I go to…
loansdirectuk.net
PLEASE dont log on to this company ...my daughter did (silly girl) and today Christmas Eve has found that nearly £200 has been taken from her bank account. It shows that they charge a £59.75 membership fee, not £200 to find you a loan which they haven't. Of course there is know one in the office today just a reception…
Alternate financing for university
Hello everyone, Does anybody know of any alternate ways I can fund a years tuition at University? As I have had two years previous study already in Higher Education on different courses than the one I study currently, I am not eligible for funding for this year. I have found a 'Professional and Career Development Loan' at…
Loan problem...
Hi all, this one is very unusual. I had a season ticket loan with my employer repayed from my salary monthly. I was made redundant after 15 years. I was told by HR to return the season ticket and collect a refund, then write the company a cheque. I did all this, collected the refund, duly wrote a cheque and sent it. I then…
The Cheque Centre
http://www.mirror.co.uk/news/uk-news/suicide-dad-hounded-for-cash-by-payday-1502853 If they had actually gone into the hospital I would be disgusted, they only spoke on the phone, he agreed to pay it back on payday. People always come up with excuses they could have just thought he was trying to pull a fast one. They did…
Credit enquiry?
Hi, i just wanted to ask a question. I am not a home owner. I have a monthly net income of £1670. I dnt pay rent as i live with my parents. I pay my home phone and broadband bills, i pay my mobile bills, i have an overdraft of £1600 on my current account. The one bad thing is i had a default in my past when i was a…
northern rock
Morning , Just read the article re incorrect paperwork generated by northern rock which may result in some customers receiving compensation. I have two loans with nr/nram : A mortgage and an unsecured loan of £25000 which I am currently repaying via the CCCS . Both of these were taken out over 10yrs ago so I am not sure if…
Guarentor loans
Hi I would like to borrow some money but have a desperately poor credit rating. Looking for loans that are available to me I keep seeing Guarantor loans the most common provider Amigo loans. The Apr is very high (49%) but the repayments are affordable now I have as job and partner is returning to work after a shortened…
Glad he asked me first.....
My son arrived this morning to ask me what my opinion on Money Shop is. A year ago, before I joined this site, I would have been pretty clueless, as I have never had any dealings with this kind of thing. However, as I am a long term lurker now I feel I am well up to date with how far away you should stay from them! The…
Dont use wonga
I earn 50k plus a year but had been using Wonga as cash-flow for my husbands business - whoops ! Along with a handful of 'missed payments' (catalogue and phone taking money at an awkward time of the month) it means I have just been turned down for a mortgage and have a 'very poor' credit rating !!!? I was also rated as…
MSE News: Northern Rock falsely told borrowers they had legal protection
"Many Northern Rock customers have discovered their loans are not protected by the Consumer Credit Act (CCA), despite having documents which say they're covered...." Read the full story: [URL="http://www.moneysavingexpert.com/news/loans/2012/12/further-customers-call-for-northern-rock-compensation'[/URL]

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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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