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Loans

Archives for April 2014

Applying for a balance transfer credit card
My cousin has been out of work for a few years now but has a mortgage which he is half way through. I checked his credit score on noddle and it is 3 out of 5 which seems fair. He doesn't have any income other than benefits. He is on DLA but does not qualify for motability, and he needs a new car as his current one has…
Recovery Money from "Friend"
deleted posts
Loan
Hi All I have trying to help my friend out with her finances and she need to take out a loan as she is running out of cash, she has recently tried to apply for a loan but her application has been rejected. She wants to take a loan for £1500.00, i am not sure which lender to advise her to go to get the loan. Thanks
Help regarding credit without licences.
Apologies if this is not the right section, but it's the closest I could find. We have recently upgraded my wife's phone with O2 to the Samsung Galaxy S5 on their refresh tariff. This tariff is split into two payments, one for the airtime and another for the handset. The handset payment is a 0% credit agreement running…
Poor Credit Loan Advice Needed
I will try to keep this short. I had a package from my previous employer which gave me enough to pay my living expenses for a year so I took a very small amount from a pension and opened a craft shop. Very good deal as I am a concession in a store so pay no heat, light rates, only a percentage of turnover. Open 8 months…
Motonovo Finance, 5 out of 60 months left. What are my rights?
Morning everybody. I have a work van on credit with Motonovo (Carlisle Finance). My final payment is in September. My standard arrangement is £370/month. I ran into heavily into arrears over winter due to lack of work and the account was handed over to Credit Style who threatened to repossess the vehicle back in Jan. We…
Personal Loan : My own bank or another?
Hi, I am about to apply for a personal loan with either Sainburies or Santander. Both offer £15k for 4.5%. My credit rating should be quite decent but there are a few missed credit card payments over the years. My main bank is Barclays but I have a joint account with my wife in Santander (she has an excellent credit…
Anyone ever used Zopa?
Was going to get a few credit cards for money I need but read on this site about Zopa and had a look, seems decent enough but would like to know if someone on here has dealt with them, I like the idea of consolidated loan instead of money scattered on 2-3 cards. (despite the fact it's not 0% loan)
Student loan for Scottish student studying in England
Hi I am looking for advice regarding my son who has been studying in Scotland and obtained a degree in marine biology at Napier university in Edinburgh but now wants to do a masters in York . He did not have tuition fees to pay while in Scotland and his student loan was arranged through saas. Will he have to arrange a bank…
Need a loan to consolidate a 15k credit card balance but been refused...
Further to a previous thread which can be seen here https://forums.moneysavingexpert.com/discussion/comment/65275271#Comment_65275271 Essentially been supporting my partner through her nursing degree for the last 3 years, during this time we also had a son who is now two and a bit of overspending if i'm completely honest…
advice needed
bare with me this is a bit of a story.... a friend of mine took out a fire purchase agreement with her boy friend a couple of years ago, they then split, he took the car but her name was on the agreement, he has since defaulted on the agreement. He also sold the car whilst it still had finance owing on it, the finance…
personal loan approved but on higher interests than offered at the start, why?
Hi there, Can anyone help us. We are trying to consolidate our loans and put down interest on our current personal loan (15% RPI) at the moment. So we thought to take personal loan of £13000 on 4.8% interest what would cut down our monthly payments nearly £50 less and we would clear out our credit cards as well. So it…
First Loan Ever ... 29.9 APR from Bank?
Hello I am a 27 year old man in full time employment earning £35K a year as a Software Developer. I plan on getting married soon and would like to borrow £10K. I have a personal account with TSB, and I just used their loan borrowing tool online and it says if I want to repay the money over 24 months, I have to pay back…
Solar panels - advice needed
We have been quoted for solar panels by a company called EES, the loan is with us as the owners not the house so is not on the green deal, any advice on whether this is legit or should we go with the green deal?
Reassurance please?
Hi, Not to do with me, but my parents. They have been divorced for two years now. A few months before my Dad left, he had taken out a joint loan for £10,000 - forging my Mum's signature to show she had agreed to this (she had no knowledge of the loan whatsoever) although obviously we were never able to dispute this and…
Natwest Loan "agreed in principle" but then invited to sign online.
Hi, I am new on here, never posted before but been reading for a while. I just wanted a bit of advice from anyone that has ever applied for a natwest loan or anyone that might know anything... On Tuesday night, I applied for a loan through my online banking. It was to pay off the remainder of my other natwest loan and have…
Quick quid arggghhhhh!!
Really needing some help with this one as seems as i can't get an answer anywhere else :( Applied for a quickquid loan for my mum (big mistake) had already filled my details in on quickquid years before when i considered getting a loan but changed my mind. so they still had all my details. anyway i applied and was accepted…
Natwest professional loan
Hello, I as wondering if anyone could provide me with any help in relation to calculating interest payments on a loan? I took out a Natwest Professional Loan in 2008 to fund the Legal Practice Course. I borrowed £18,000 over 10 years at 7.65% (possibly a bad decision... Interestingly natwest don't offer these loans…
Student Loans Regulator
Hay all I have a student loan from SLC from my first degree in 1998. The SLC consistently fail to apply payments that have been made through my employer despite providing P60s and contacting them a few times a year. Currently they are 3 years behind. Quite simply, is there a regulator/body I can contact to escalate my…
No loan then 3 minutes later.....
I am buying a new car on Saturday, just went online to apply for a loan, from logging in to online banking to having the money credited in my account took 4 minutes No wonder people get in trouble when its that quick and easy

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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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