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Lloyds TSB loan
Hi, I took a loan in Jan 2012 for 20K on an interest rate of 8.6% over 5 years. I have been making significant overpayments and now have an outstanding balance of approx 10K. I have another 6K that I can pay off immediately and feel that I will completely pay it off by the end of August 2013. So the questions: 1. Am I…
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Wedding Loan
Hi, me and my partner are looking at getting married and are looking to get a joint loan of £25k, this shouldn't be an issue as we both earn enough etc. The issue we are slightly worried about is that not all of the loan will be spent on the wedding (only about £14k), the rest we plan on buying some stuff and going on…
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PCP vs Mortgage
I have a 3 yr PCP loan @ 5.4% apr verses my mortgage were I have 5 years left to pay but my current fixed rate deal ends next year @3.99%. I have £8k should I pay a lump sum against the loan or reduce my outstanding mortgage by £8k come the new deal next year?
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Pay Car Loan vs Mortgage
I have a 3 yr PCP loan @ 5.4% apr verses my mortgage were I have 5 years left to pay but my current fixed rate deal ends next year @3.99%. I have £8k should I pay a lump sum against the loan or reduce my outstanding mortgage by £8k come the new deal next year?
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Living abroad and paying car finance
What happens in a situation where your behind on payments for a car finance agreement, however you live abroad what can they do?
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Help with credit scores?
Hi all, I wonder if any of you good folk can offer me some advise please? For reasons I wont go into now I am trying to get a loan to cover the cost of my wedding (and please, this is not up for debate, I've already had this argument a number of times) My credit score with Experian is 740 (fair) My credit score with…
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Right Financial...?
Hey there, firstly thanks for taking the time to read this and any help at all is greatly appreciated. Firstly I have bad credit, have applied for a few loans, got rejected from basically all of them. Obviously the usual brokers contacted me etc, but having checked on all companies I never replied to any of them. Right…
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If Loan/Finance is rejected
Hey, I'm considering of buying something on finance option, and I'm not sure if I'm going to be approved or not. I'm not a home owner, and my yearly income is low, but I had loans/finance taken out before and payed them all in less than a year without any delays, etc. If my loan/finance request gets rejected, does that…
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Loan Approval
First post, so go easy on me :) I have been trying to apply for a debt consolidation loan and have been declined. I have checked my credit report online and have a good credit score, I think the reason for my declined applications is my debt/income ratio and the fact I hadn't updated my address on the electoral register (I…
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Train Season Ticket - Loan / Credit Card???
Hello, At the minute i pay for a monthly train ticket of around £900 into london. I put this on my credit card and then pay it off at the end of the month which isn't a problem however.... If i buy a yearly ticket i could save about a £150 a month. The only problem is that i don't have the £9000 in hand to pay up front and…
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First plus ppi
Hi. Apologize if this is in the wrong thread. I am new to this. I have just signed my acceptance forms for first plus PPI refund on 2 loans. How long would it normally take for the loan to be restructured as they have stated as well as the refunds my loan repayments would reduce. It has been about 2 weeks now and was asked…
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MSE News: Payday lender MCO banned after chasing fraud victims for cash
"MCO has been stripped of its credit licence after allowing over 7,000 people to become unwitting victims of fraud..." Read the full story: Payday lender MCO banned after chasing fraud victims for cash Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read…
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Do I Have To pay It?
I lost my partner three months ago, we had a joint mortgage which has now been paid by an insurance. There were no other monies in his estate, well nothing to speak of really. Yesterday I received a letter from a company with regard to a loan he took out for our conservatory. He didn't take out insurance on the loan, and…
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Payday lender loses its licence after OFT action and appeal
Link: http://www.oft.gov.uk/news-and-updates/press/2013/23-13
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No MSE article on Payday loans?
I've always found it surprising that there is barely any mention on MSE of payday loans (other than the odd news story.) There is no mention of them in the cards and loans section, or debt crisis guides. I'd have thought they would be well worth their own article, warning people of the dangers and also advice on what to do…
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Lending money advice
Hi guys, im looking for some advice basically my situation is I have a joint loan with a ex-partner, the loan was for her and she has always paid it, I have never had anything to do with it....but here's the problem - recently she'e got into a few financial problem and the account is one month in arrears, this looks like…
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Student Loans and credit rating.
Hello everyone! I graduated from my Masters about 5 years ago. I left Uni saddled with debt; my student loan, my Master's loan, overdraft, credit cards. I left the UK and started working in Europe (earning and paying my tax and pension contributions into the system of the country I live in). Thankfully (and it wasn't very…
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Help need to take out an almost instant loan!
Right i need a loan of £5000, i'm willing to pay it back over 5 years but i need it more or less today or tomorrow, if i went to my bank do i need to give them a reason for the loan. First time i have ever done this.
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Blackhorse Car Finance
I asked for a settlement figure from Blackhorse for car finance loan, which I received by post. I tried to settle the loan online but it would not accept a payment over £1000. So I phoned up and made a payment using an automated phone system. I had to enter my date of birth and the long number on my debit card plus the…
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natwest loan calculation
Hi Was just wondering if anyone knew how the natwest calculate loans when they take off ppi? 25000 over 10 years Total including interest and ppi 44352.00 Loan payments without ppi 294.57 Ppi monthly payment 75.06 The ppi was taken off after 45 payments so should the payments be 294.57? Thanks
