-
scam/fraud letter from Credit Resource Solutions
Hi All I any advice on the following would be appreciated... Yesterday out of the blue I received a letter from Credit Resource Solutions with BIG letters stating "Notification Of Debt Assignment". The amount I apparently owed them was £1744.00. It was to a company called "Lending Stream who they were collecting the funds…
-
line of credit
Hi, do banks in the UK offer unsecured lines of credit to their customers (individuals not businesses)? I'm not talking about a fixed term loan or about an equity line of credit. I'm referring to a credit limit that the bank makes available to you, to be used when needed (no costs if not used, but if used you get charged…
-
Need advice on a small loan ( bad credit )
Looking to borrow about 3k to move out of my dads house , i just cant seem to find any companies that seem reputable for a loan. I'm self employed and earning approx 600 a week but the current living situation is not ideal and affecting the kids. I can pay a loan back no problem i just need some ideas guys on who is…
-
What would be the best Loan
I have an endowment policy maturing in June for £12,100. I have savings of £3k I have a £10k car loan with Nationwide at 5.9% paying £232 pm This was taken out in November 2012 and I will be paying back £11,136 in total. I have made four payments so owe roughly £9k My mortgage balance will be £7,000 in June and it is also…
-
Future Partner in DEBT! will it affect me?
Hi I hope someone can help, I have met a man that is going through a rough time with hisDEBTS. He is currently looking to transfer his secured loan and house to his exand kids. But he will be left with unsecured personal loans and cards that hehas already got on to a DMP. Due to his wife being the way she is (controlling…
-
Was it legal to only give me 15mins to read and sign my loan documents?
Hi, I took out a loan with the AA in 2006 for 14k. I was in a mess finacially and was struggling to meet payments so i wanted to consolidate them all into one payement. I called the AA, I was told that I have been approved but not at the apr offered in thier add, but at a higher one. I was told i needed PPI, if i didnt it…
-
What size loan should I ask for?
Hello – I’d really appreciate anyone’s advice as I am a bit of a money-novice! :o I am looking to get a Personal Loan but I am not quite sure how much to apply for. I am 35 years old, self-employed & also studying. Last year my business earned £12,300. I am currently living at my mother’s house. I‘ve got a couple f credit…
-
MSE Blog: A Wonga loan to go to the pub? I should beat you with a salmon
Hi all, this is a thread to discuss the MSE blog: A Wonga loan to go to the pub? I should beat you with a salmon "A few weeks ago, I read on Facebook that a friend was heading out to the pub and because he didn’t have any money, he got himself a ‘Chunk of Wonga’ which means he has just taken out a £400 Wonga payday…
-
Previous Credit Searches
Hello, My name is William! Nice to meet you all! I have a few question and I hope I have posted in the right area of these great forums! Basically, Before I researched about credit ratings I applied for a loan ( I currently have 3 credit cards, both with 5000 pound limits and one with about 3000 pound owed to it). I was…
-
Wonga not acknowledging receipt of payment
Hi there, Several weeks ago-27th of Feb to be exact- I made a payment to Wonga in order to pay the balance of my account. This was over £560 and I was paying my loan off 2 weeks early. I made this payment by online bank transfer. However, since then no payment has shown on my account and it has continued to accrue…
-
Loan v Overdraft
Help us out please! A relative has very kindly offered to sell us their car for £1500 on condition we take it off their hands asap (don't worry I trust them) We have a car which we can sell for a similar value but this will take time Would you advise that I take a loan out to pay for the car and pay it off as soon as I…
-
Ashburn Finance Gym Membership
Hi, I have taken out a 24 month membership with Ashburn Finance for my local gym, I am now 12 months into membership but wish to cancel-I believe there was a 2011 legislation which stated it was illegal for gyms to enforce contracts of greater duration than 12 months.
-
Credit plus
Hi all, Was wondering what you guys thought of the above company? I am looking to getting a new/used car and this company have agreed to loan me the money. What are your experiences of the above? Thanks in advance :)
-
Trying to pay off loan ASAP.
I took out a loan for a car a year ago (4 years left of repayments to go) at the moment I'm paying 22.88% APR and £101.00 in monthly repayments. I've applied for a Tesco's Bank loan to pay off the entire thing at 12.8% APR (over 2 years) - I was accepted. A friend of mine who is trying to help has said that it's pointless…
-
Have I been scammed? Same Day Loans
Hello experts, Yesterday morning I applied for a loan with jacksamedayloans.co.uk (found them in google) and have been waiting since then for the money to arrive in my account. There suppose to be same day loans but I haven't received the money yet!? It's been well over 24 hours now. Have I been scammed? They do after all…
-
Student loan company
On 19 feb I rung the slc and gave them my payments for the year up to and including feb straight off my payslip. They told me I had £1100 to pay and to ring back once I had my mar payslip so they would know how much was being paid in that month and I could then settle the account. I rang back to day and they deducted the…
-
HSBC Business loan
Hi I took out a £10k business loan in 2008. I owned/ran a Ltd company at the time. Unfortunately due to financial difficulties my business ceased trading late 2011. Although the business closed, I am still repaying this £10k loan from personal income. (i was told at the time that if i did not sign a personal guarantee i/my…
-
loan query
Hi all, Can someone please clear something up for me? If I take out a finance loan, is the 'total amount for credit' column the amount repayable or the amount before interest? Also how is PPI calculated - If there is a simple formula for simpletons like myself:D. Cheers Rob
-
Help on how loans are reported to the CRA's
Hi all I have a question regarding how loans are reported to the CRA's I have 2 loans, one is reported as opening with a balance of the full loan amount plus total interest (25.5K (19k capital 6.5k Loan) and then the full monthly payment is reported as reducing this balance. Second loan was reported as opening with a…
-
Building up a good credit score
A young family member applied for a mortgage with Lloyds TSB via a local authority scheme which only requires a 5% deposit. She passed the affordability test but was refused because of her credit score. She had a credit card balance and was late for six consecutive months in making the minimum payment. She has this month…
