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Hi All
Hey everyone, I have a big amount of payday loans, and I am wondering what is best to do regarding DMPs, or contacting the creditors myself and setting up a payment plan with each one individually. I seen something in the past on here also about template letters to creditors when trying to set up payment plans? It's about…
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Help with a very old unsecured Halifax loan!
Hi everyone, I took out a rather large loan when I was a lot younger possibly 21 (I know, lesson learnt!). I was a nightmare with my finances and with keeping paper work as some are when theyre young. Anyway, I had this £10-12,000 loan and thought I would pay it back over just a couple of years (possibly 3) as at the time…
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How do lenders check how you will use loan funds?
I got accepted for a loan for debt consolidation, but now I need to use part of it for an emergency home repair. When you receive a loan for debt consolidation does the lender usually pay it straight to your creditors or into your bank account on the condition you will pay the creditors yourself? What would happen if I…
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CCA NRAM Loan & DMP Interest!?
On 1st Jan 2011 I entered a debt management plan and NRAM have agreed to freeze the interest on my account. Each month CCCS/Step change would send an agreed payment to NRAM which was approximately £36pm. Therefore on 1st Jan 2011 I should not have been charged 1p interest on the balance of my account (which is correct thus…
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Late payments and credit score
Hi, I have a loan with Smile and the payment date on the agreement was 30th of each month, standing order. I unwittingly changed this to 1st of each month with my bank, which is ok when the 30th lands on a weekend or bank holiday. My question is will a 1-2 day late payment show on credit score? Do banks etc. have a…
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New Build 20% loan
Hi all, I was after some advice and I'm hoping that someone on here can help me. I've posted this in the House Buying section as well, but thought someone on here might be able to help. We are looking at moving home and have found a new build property that we really like. We are interested in the government 20% scheme to…
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Loan vs Overdraft, help!
Hello, I was wondering if anyone could give me some advice about this. I am self employed and also a part time student, trying to make ends meet and am currently living in my overdraft. My course fees are £200 a month, which is what constantly puts me in trouble and I can't save. I need to extend my overdraft again by…
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Do i go for a Homeowner or tenant unsecured loan
Hi there I am considering applying for a loan to consolidate some debts through my building society. I have good credit and am a homeowner (joint mortgage with wife), however I am separated from my wife and live in rented accommodation so, do I tick the homeowner box or tenant box when applying? I am going for an unsecured…
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Loan Applications - credit scores
Hi, We are looking at applying for a loan for around £10,000 for a new car. We have read various articles about the dangers of representative APRs. We would like to apply for the loan with several different providers to get the best rate. My questions are: 1) Will applying for several loans have a negative effect on my…
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Old Loan advise
Hi all, First of all, if this is in the wrong place, please can a Mod do the honors and ,ove it into an appropriate location. I cant find a subsection that fully relates to my situation. Here is my issues. Many years ago I was made redundant, i wrote to my bank and asked to lower my payments on my loan. It was being paid…
