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Hidden loan broker fees
i have lost over £300 to broker companies who took money from my bank without my knowledge, these companies mymoneyfinder.co.uk/com, moneygaga, loanmarketing.co.uk and mymoneyhelper.co.uk have taken fees ranging from 69.99 to 34.99. i have now taken on a company to help me sort my fiancial issues and they have sent me a…
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PPI and COURTS
Hi i had a loan could not repay it ended up being taken from my wages by the court for the full amount owed my question is did that include all my ppi payments as well hope you can help me out there
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Questionable Loan Handling
Hi, I recently sent my bank, HSBC, a SAR to look at PPI (though ten years old, will let you know how that goes) and found that their handling of my loan account is questionable at best. The loan started its life as a personal loan with an APR (i believe) of around 8% but i later ran into some difficulties and was forced as…
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Query: high rate on secure loan to pensioner
Hi, I am helping a pensioner sort out her financial matters, and I have found that she took out a secured repayment ( pays back part each month ) loan in 2009 for £25k with a 10year term. The bit that alarmed me was that it was based on 14% interest. My queries are: (1) Is that a fair market interest rate for a £25k loan…
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Anyone contacted by Solicitor re secured house loan
We have approached by a solicitors in regard to a secured house loan taken out in 1997 - saying that we were mis sold it due to the broker being tied to one lender and not getting us the best deal for the market. We don't know whether to sign up with them as they want 35% +VAT or whether we can do it ourselves Thanks for…
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Any limit on how early you can pay off a loan?
Hi guys, Bit of a weird one, but I took out a Sainsburys loan this month for £5000 over 5 years, with a schedule of paying about £100 p/m. However, due to a change of circumstances, I am going to now probably be able to pay this loan off in a month or two as I am consolidating my loans in to a re-mortgage plan. Will they…
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complaining to student finance?
Hi guys, i was hoping for some advice on complaining to student finance. They have really messed me around the past couple of years, and this year have pushed me into debt by giving false/incorrect information. (my loan was due in september, still hasn't been paid). As a result i would like to complain, but i would like to…
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Working out Loan costs
Hi All, Got a bit of a query I am hoping someone can help me with. I took a Car Loan out a few months ago which was not good interest rates but all I was eligible for but am not really worried about that. My query is I am trying to work how they are calculating the Interest so I can work out what sort of saving I would be…
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Clear Debt Or Bigger Deposit
Hi all, me and my partner will in the next 4 months be looking to get a house. I currently have 10k Savings and 5k in debt. My question is would i be better to consolidate all my debt in a loan and then pay this over 3 years, and save up for a 10% deposit or should i clear all debt and have a 5% deposit? Any help will be…
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Some loan advice required
Hi all, First post here, but am really needing some advice from people more money savvy than I am! I'm needing a loan for about 8k, got a reasonable rating on Equifax (460), but have been declined from 1 lender, and been offered 22.8% from my bank (assuming they approve it). I own a home (though it's value to outstanding…
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Consolidating debts
I have been ignoring this issue for some time...just did not want to deal with it until I am forced to....I am still have some time but thought I will deal with it now.... I have credit cards debts amounting to £13,100. A personal loan of £8,500 - 3 years and 8 months left... I was offered a secured loan with 8.32% over 15…
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Car loan, what can I do?
At 6.4% apr, I owe 24,000 on my 2010 Nissan Maxima. My car payments are $417/mo. I can make these payments just fine, it's the insurance + gas that I feel is too much (insurance is $200/mo. gas is about $250/mo). The dealership recommended I do a voluntary repossession and get a cheaper car, but I'm not that desperate to…
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Missed payments - Santander
Hello, for various reason I have missed a couple of paymets to Santander for my car finance - Im in my final year of paying it off. I have just found a letter saying i had to have caught up by 28/11 or they will take action - Its passed that date!! Can they come and take my car?? I am happy to pay it off over a couple…
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Unknowingly Sold Cat C Write Off and Provided Finance
I'm hoping someone can help with some advice...I bought a second hand car in 2009 from a dealer (at the time the car was about 6months old) the dealer arranged finance through a broker which was ultimately provided by Santander (straight forward loan against the car over 60months). I also bought GAP insurance from the…
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Finance company keeps switching off the Car, is that allowed?
Hi All We purchased a Car in November last year through a finance company for not so great credit. We both have poor credit through a bad mistake 4 years ago so we could only go to one of the bad credit companies. Anyway, at the time our income was steady, my partner is a self employed locksmith and we earnt enough to…
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Secured Loan - Car Voluntary Termination
Hi All, I have a car that i financed through Creation Consumer Finance. I believe that it is not a Hire Purchase but a Personal Loan. I started the agreement in Oct 2011 over 5 year at £154 p/m. I want to know what my options are for getting rid of the car. The settlement is currently £4767 which is more than i can afford…
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Is a payday loan always a no-no?
Hi all, I started a full time permanent job at the start of December and won't be paid until 28th Dec. I have £80 which if it were a normal month, would be more than enough to live on, but it's Christmas and I have 8 gifts to buy! Now I know my friends and family will be fine if I explain (they know I am skint and didn't…
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Transferring ownership of loans
I took a loan out with Intelligent Finance, part of Halifax, which subsequently become Chester Loans. Are IF (or Halifax) legally obliged to notify me? Do we in the UK have an equivalent to the FTC in the US where they state that "The ownership and servicing rights of your loan may be handled by one company or two. If…
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Secured Loan vs Second Mortgage
Hi, I would really appreciate some advice. I took out a secured loan a few years ago and have recently checked my credit file and it appears on my report as a mortgage. Is there a difference between the two products? Many thanks for any help
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Secured Loan classed as unsecured....
Hello My first post on here, and I'm hoping for some advice regarding a loan I have with a high street bank. I took out a substantial loan (£50k) back in 2006 to fund a training course. The loan was secured by way of a charge on a mortgage. Repayments started in 2008 and I have been making monthly repayments ever since…
