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Loans

Archives for April 2014

Loan/credit rating advice needed please!!
Hi everyone. I have a lot of debts and a bad credit rating. My partner is going to apply for a bank loan so that I can pay off all my debts, and start again building up my credit rating. However, he never got put on the electoral roll here, and his bank still think he lives at his sister's house (not on the roll there…
Help with settlement figure on late mothers loan
Can someone please help as Im at my whits end :( My mum did suddenly almost two years ago, we (the family) knew she was paying off a loan with Lloyds, we are now finally in a position to settle it but upon contacting Lloyds TSB they cannot trace any loan...even tho we have the paying in book that she used 2 weeks before…
Complaining about a loan
My current account is with Smile (part of the Co-op) and I had two loans running with them. I've dug out the old paperwork and the details are: Loan 1: 9.91% APR, monthly payment £99.72, ends Nov 14. Loan 2: can't find the details but it was around the same payment and APR as I recall and I think it was due to finish in…
HMRC have started up my Student Loan again!!
Hi all, New to the site and was hoping for extra advice on a very strange issue. I paid off my Student Loan back in 2009. Got paid the other day and found that "I" had made a SL contribution of £204!! When I phoned SLC, they stated that HMRC had sent through an amended file from 2007/08 tax year. This file now states that…
Lloyds CCJ but then reclaimed PPI
Hi Just wondered if anyone could help me. In 2009 Lloyds pursued me for two loans and were able to secure two CCJ's and put charges on my property both loans around 6k. the problem at the time I was being pursued by many creditors and even had arrangements in place with one side of Lloyds for paying the loans but the other…
Loan with First Direct
Hi, I have recently opened a bank account with First Direct, with the intention to take out a loan (they only offer loans to existing customers). As I have only recently opened my account, do you think it would be better for me to wait a while before I apply (to increase my chance of approval), or that it shouldn't really…
Allied International Glasgow
Hi there, Can anybody give me some advice on this companies tactics, I have defaulted on a Barclaycard loan and they are the debtors which have been given the job to get back the outstanding £10,000.00 loan amount. I had a discussion with one of their advisors who told me that they will reduce the balance by 50% if I pay…
Does the amount I borrow affect my likelihood of getting accepted for credit?
Hello, I am looking to get a car on finance. I would like to put down a small deposit and get the rest on finance. This may be a silly question but does the amount I borrow affect my likelihood of getting accepted for credit? I am able to put down a larger deposit but as the finance is 0% I would prefer to spread the cost…
V poor credit history, looking for 4k loan. Own house outright
Hi I have a poor history with a number of defaults from 3 different companies. I own my house outright and I'm looking to sell it. It's valued around 220k. I live on a pension of £1000 a month from work( took early retirement). Anyway I'm looking for a loan around 4k to pay debts and some small home improvements before I…
Calculating Loan Term/Total Paid
Good Evening, this is my first post Long story short, my credit history is chequered, but no debts outstanding. There's two CCJ's (both set to disappear within the next 9 months) and a few defaulted/satisfied accounts I've shopped around for loans for a vehicle, not much doing as you can imagine, what I've been offered is:…
barclayloan
I took a barclayloan out for 20,000 2 years ago paying 327 a month over 10 years I have asked for a settlement figure and it came back at 18,400 how can this be possible when I have made 8000 pounds in payments surely 6600 is not interest can anyone help
Very Short Term loan - advice needed
I am currently in a situation where I need a loan of approximately £1000 in the very short term until 1 July. On that date I receive a lump sum of capital from my XOH. The reason is partly due to an overspend on holiday (my fault) and also because my partner has taken a paycut to move jobs, also he gets paid monthly and I…
Need some advice...
Hi I was looking some advice regarding getting a loan... My credit is poor at the moment im sitting with a credit score of 555.. I need a loan of £5000 I can secure this loan on my property I own my home outright and its worth around £80,000. I have been employed with my current employer for almost 6 years. Can anyone…
Poor credit £2000 loan needed
Any idea who would help with a £2000 loan, willing to pay back over 12 months? Not got the worst credit history but no ccjs etc, a default from last year, one from 2 years and 4 years ago. My bank wont help so I'm guessing the other high street lenders wont either. I'm not a homeowner or car owner. I've never had a loan…
Loans with inflation-only interest - still liable for income tax?
If I loan someone say £10K, and charge them interest, then I'm liable for income tax on that interest. But if the person takes ten years to pay me back, it's quite likely that inflation will mean that £10K won't be worth as much in 2024 as it does in 2014. So is there a way to take inflation into account without it being…
budgeting loan help
Hi all, I sent off the form to apply for a budgeting loan on the 10/04, haven't received a reply yet so I rang them today and they said there is nothing on the system yet. I can understand with the easter holidays it may take a while, does anyone have any idea of when I will receive a reply? They also said I will receive a…
Car Loan
My wife is looking to take out a loan to purchase a car...however at the moment she is not working and is a "house wife"....the repayments would be met by myself. Is there any loans that would consider household income rather than employment income as criteria?
Best time of year to pay off student loan?
I want to pay off my post 1998 student loan and I wondering whether I should have done this before the change in the tax year, as I've heard that they continue to take repayments out of your wages for a while. I know all the arguments for not paying it off early, but in my situation there's no real point in continuing.…
Use capital to pay debt to get access to lower rates?
Hi All Look out newbie alert! I have a dilema which I could do with some advice on, currently I owe as below: £8200 Natwest Personal Loan £8000 Barclaycard £1400 Ikano (0% Deal) £400 Ikano (0% Deal) £1100 Regular Overdraft £800 Natwest CC (Paid in full each month) so £19900k give or take I have just applied for a…
Student loan treatment in divorce
Hi, I have a student loan and I am getting divorced. She and I have no assets to share out, only debts. Our credit card debts are weighted towards her, but my student loan makes the sums roughly equal. I want my student loan to be considered, whereas she does not. In mediation and from my solicitor, all I have had so far…

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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
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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
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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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
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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
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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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