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Loans

Archives for March 2013

Is my bank more likley to give me a debt consolidation loan?
Hi, I have previously had a loan with my bank (Natwest) which was paid off in full and even a couple of months early. The past year I have tried a couple of times to get a loan to no avail. My credit scoring is approx 770 inter-bank, I have no previous CCJ's, I have 20+ clean accounts, I have only 3 late payments in 3…
Loan Guarantor
This is a sensitive situation so private replies would be welcome, although I will discuss the general detail here. What legal right does a creditor have on my money/assets on an unsecured loan to a family member where I, without my knowledge, have been named as a guarantor? The issue of forgery (which it might well be) is…
Possible to get an overdraft or loan with just a job offer?
Hello, I have recently been offered a job after a long period of unemployment and applications. The salary is very good (over £30,000), however it does not start until August and I am currently very overdrawn. Knowing that I will soon have a good income (and have the offer letter and job contract to prove it), does anyone…
GE Capital Complaint
Hi I wonder if anyone can help or advise what the possible outcome may be. My husband wanted to repay his GE Money loan with a balance transfer. He was advised that they do not accept repayment by balance transfer. This was approximately 2 years ago. We complained recently to be advised that not accepting repayment by…
Car hpi, need new car
I purchased a vehicle in Oct 2011 that cost £6000, i part exchanged my previous vehicle which was worth £3500 so the dealer gave me a finance deal of £2500. I'm paying £68 per month, and i called them recently for a settlement figure, and they wanted £1800 I would like to sell this car and purchase another, reason being as…
Loan Declined but offered Best Rate!
Wondering if anyone could give us a clue as to why? We chose to apply for a Nationwide loan as it does a 'Soft Search' first We wanted the loan to mostly pay off an NRAM loan that is 13.69% (our only personal loan) and a slight bit left to get a small 2nd car for work The information we supplied was correct and accurate…
Loan v Credit Card v Overdraft ?
Have posted this elsewhere aswell as wasn't sure of best place for it. I don't have a credit card at the moment (well I probably do somewhere, but don't use them at all). But I want to decorate my girls' bedroom this summer and just wondered what would be the best way to finance it. I don't really do debt, but this time I…
How is a single default viewed by potential lenders?
Was asked this question earlier and thought I would run it by you lot;) Obviously not good,but how 'bad' is a single late payment on a loan or cc viewed by future potential lenders if all other payments are up to date? Cheers F x
income/consolidation loan ratio
Hi, I am looking to apply for a consolidation loan for both a credit card and loan totalling £10,700. My aim is to reduce the overall amount paid monthly to help cashflow but still get a balance between repayments and total amount paid back. I have a good credit record with practically zero missed payments etc for a long…
Consolidation Help Required
I have 3 Debts that I would like to consolidate into one payment because of their high interest rates. One is 39% the other two are around 29% apr. My credit history isn't good as I have a default notice on my history although this has been settled and was 5 years ago. I have a Platinum Select Account with Nat West and am…
loan advise
hi peeps , i need to get a loan for around £5000 to buy a car as the family is relocating to live with the in-laws so we can save for a mortgage, so i will now be traveling to work and need a car that i know will be reliable , i've completed an iva in October 2011 , now i expect to pay high apr due to me being stupid with…
Moneybarn loan - Cooling off period/paying off loan?
Hi there, I have just taken out a loan with Moneybarn to help purchase a new car. I was told I have a 14 day cooling off period, from the start of the agreement, which is 21/03/13. Here's the situation. I have accepted the loan, and Moneybarn have paid the money out to the garage who were selling the car, and I have now…
On benefits need loan
Hi I need around 5k loan to decorate, new carpets and washing machine also needed. My benefits are high DLA middle care component. Also ESP, my mortgge which I pay all myself is 555.00 per month do you think I could qualify and which bank would bould I better approach. I should have said using sisters thread today. Many…
Sainsbury Loan issue
Hello All, This is my first post, to just say hello to everyone and aware you about Sainsbury Loan issue. They advertised everywhere about 5.2% interest loan, so just like any other human being I trapped in this lucrative offer and applied for Sainsbury Loan online. Instantly I got approval, but in next 5 mins, I received…
Being sued for "loan" which was a gift of £25000 (Scot's Law).
My girlfreind is being sued for £25,000 by a well-off ex-partner. He gave her the money as a gift to pay off her existing debts at the time (March 2009). There was no agreement drawn and the money was transfered from Scotland to Spain with the note "transfer to family" (not the case). Lawyers have instructed that under…
Loans
Hi All Can anyone help me. I want to but a new or used car and have a budget of 12,000 in mind. I have 7,000 in savings and not sure whether to take out a full loan for 12,000 at a low APR 5.1% over ?5yrs and let my savings grow and repay after 3yrs as i would of gained some interest. Or if better to put a deposit of 7,000…
Loan to acquire new car - Experian only
Hi, I am looking to acquire a loan to purchase a new car. I am not a home owner, but I have been at my current address for 15years+ and I have held my current job for over 3 years now. I picked up my credit reports and ratings last week. Experian is the only one with a good report. Equifax and Call Credit have a bad report…
Star loans
Hi all, I recently had 49.50 taken out of my account from these so called people!!! i was furious as i could not recall signing any forms! I rang them up on their so called customer helpline and spoke to a lady with a asian or indian accent!! I told her i was not happy as they took money out of my account and i wanted it…
SGE Loans - Word of Warning
Hi all, Am new here, but wanted to let as many people know about the company SGE Loans and their bully tactics to try and get you to take one of their loans out. I applied on their website for a loan three days ago and since then have had no less than 44 phone calls (I have kept a log!) hassling me into signing up for one…
Car Finance
sorry if this is in the wrong place. im looking at trying to buy a car at the end of April. is there anywhere out there that can help me on finance? i've tried Carloans4u, but they knocked me back. i had to bankrupt myself in april 2010 and was discharged a year later. been in the same job for 18 years, on the electoral…

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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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Loans

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