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Loans: Secure vs Unsecured
Hello I am a homeowner with decent equity on my home. I've had a troubled few months due to losing, not one, but two jobs one after the other and then having a really hard time getting back to work this time. Before this I was financially sound, but as I had to miss some mortgage payments and some issue with my normal…
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5k Loan Advice
Looking for some advice, I want to get a £5000 loan. I wondered if it'd be better to get HSBC's loan at 3.9% which starts at £7000: https://www.hsbc.co.uk/1/2/loans/personal-loan/personal-loans If I loaned £7000 then pay back £2000 immediately. Would this work? Or would there be a catch?
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Welcome Finance - Do I pay them back?
Hello All, I've followed this forum for the last few years as i've been rebuilding my credit, and have now successfully secured a mortgage thanks to a lot of things I've read on here. I do have one little thing hanging over me which i'd like shot of one way or another... About 8 years ago I took out a loan with Welcome…
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Getting a loan with a new job
Hello, I have just started a new job as a civil servant after having taken mat leave then a year as a student. How long should I wait before getting a loan to pay for a house extension? I have a very good credit rating but obviously just having started my job isn't going be good on applications. Cheers
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loan calculation
hi all, In 2010 I borrowed 10k from my brother and he now needs the money back. I am in a position to do so so am happy to repay his gratitude. he say that he would like to charge interest at the BoE base rate. If I agree, which seems fair, what does this make the total amount. Sorry I am a little dense when it comes to…
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Loan help
Hi, can anyone help point me in the right direction. 18 months ago I set up my own company, I bought a cheap run-around car to keep my costs down but it has got to the stage where I need to upgrade. I no longer feel comfortable pulling up to client's houses in my current car, I need something a little more business like.…
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paying loans with credit card
I wanted some , I have a loan & wondered if I would be able to pay it of with a 0% credit card that I have, can anyone answer this? thanks
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Brother keeps borrowing
My 22 yr old brother currently lives at home with my parents and has twice now gone into his overdraft which once it hit the limit my parents have bailed him out. He lost his job due to illness and while he now gets disability payments he continues to spend over his means. My mother has now seen on his bank statement a…
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Loan Fraud - Please Help
Hello all, Please help if you can. My girlfriend received a letter through the door saying she owed Wonga over a £1000, threatening her with bailiffs, and that the debt was getting bigger - but she didn't take out this loan. She then discovered that a 'so called friend' had taken out the loan in her name. The 'so called…
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Repaid Wonga Loan - can I claim this back?
I got a wonga loan out when I was "in between" jobs and wonga didn't check my employment status. It was an initial loan of about £400 which rose to £800. Luckily my bank took pity on me & gave me a temporary overdraft to repay them as Wonga was attempting 5 times a day to take money from my bank account with no money in…
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G e money
Today just lost out in county court judgement to ge money over house repossion order place on my house on the 12th of October,I have outstanding charges of £3600 to pay ,this is for a loan of £6000 took out in 2007 , I have already paid £1264 to them so the grand total for this loan is going be nearly £ 16000 this firm is…
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Yorkshire bank loan - watch out
Based on the rates shown on here, I applied for a personal loan through Yorkshire Bank. Amount £24,000 Period 4 Years The rate I was offered was 4.9% with a monthly payment of £574. I have a really good credit rating so I wasn't surprised to see that I had been accepted for the loan. However on checking the confirmation…
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Secured Loan with incorrect information
I have a secured loan which unfortunately I have defaulted on. I have just found out the my loan company have my mortgage details down as Bank of Scotland when I am with Royal Bank of Scotland. Someone has told me that the legalities of them having the wrong information can make the loan void. Is this correct?
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Wonga repayment - Could I claim?
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Car finance company messing up
Hi I bought a car on finance and have made several overpayments. On the 6th September I made a £1,000 overpayment. By the 14th it still hasn't been applied to my account and didn't show up on my statement, so I emailed in to ask what was going on. They replied saying there were problems with the website and it would be…
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found how to work it out
sorted - can lock
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Nissan car finance with a credit rating:good
Ok so I've been slowly paying off my credit cards and gone from a fair to good credit score. I have a car which is on lease and comes to an end in November. The finance is in my dad's name and I pay him every month as payments come out from his bank. I would like to upgrade car and wonder would I get car finance through…
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MSE News: Wonga busted by the FCA: 330,000 to have their loan wiped
All Wonga customers who are 30 days or more in arrears on their loans will have the balance completely written off ... Read the full story: Wonga busted by the FCA: 330,000 to have their loan wiped 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 our…
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Wonga says it is writing off £220m of debts for 330,000 customers
http://www.bbc.co.uk/news/business-29457044 Probably of interest to a large number of people here!
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Wonga Problems
Took out a loan which I've now paid back. However in a couple of months or so I may need another loan. Fine and fair enough I'm guessing. But if you go onto their website and log in, it says the site is going through a regeneration and loans are not available, whilst this is not an immediate panic, what the hell happens in…
