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Credit Union Loan - Wee bit confused
I have some savings and a loan with a Credit Union. I wanted to transfer some money from my savings to the loan to reduce the balance, roughly by two months worth of payments. I've been told this is not possible as to transfer as to do so, my savings balance needs to be greater than that of the outstanding loan balance.…
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Annual statements
I'm hearing a lot about incorrect content being included on annual statements for credit, and am interested in finding out what the prescribed content should be. Can't seem to find anything on internet other than reference to "prescribed content". Does anyone know what I should be seeing on my statements? thanks
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Dilemma – overpay loan VS save?
Hope this is the right board!! We took a loan recently to buy a new car. Dilemma: In a few years’ time (not sure when, if ever… but probably within the next 5-7 years) we’ll probably replace at least one of our existing cars with a newer model. We need two cars as we live outside of town and my husband needs a fairly good…
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Weird letter I received from HSBC bank today
I have a 5 year bank loan with HSBC that has about 24 payments left to pay on it. It is paid by direct debit. Today I received a letter from HSBC saying that they have found that my annual loan statements did not include all the info they are required to give me as they did not remind me of my right to make partial…
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Credit file is unavailable - loan soft search error
Ladies and Gents, I'm trying to get a loan to buy a narrowboat to live on as I've been throwing money away on rent for years and years. I'v found a lovely boat and niavely figured that getting a loan for it wouldn't be an issue. The boat is £35k and I'm borrowing £10k off my lovely family leaving me needing to borrow £25k…
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Log book loan partial settlement
Hi, I have a log book loan with Zoom Zoom. I have been paying a reduced monthly payment for the last 3 months but now may be able to settle early but not for the whole amount outstanding. May only be able to settle 80%. Has anyone had any success with making a partial settlement with a log book loan conmpany? P.S Do they…
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Loan to start new business advice
Whats the best way for me to borrow 30k? Ideally, i want to borrow the cash and have at least 4-6 months before i have to start repayments.... Its to invest in a new business. I cant get a new buisness loan as there is 3 of us and the other 2 have the cash already (from family) so im going to take it out in my own name…
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Bad Credit Secured Loan In One Name
As the title says, I am looking for a secured loan as I cannot get a personal one but would like it in my name only even though my wife is named on the mortgage. I need it urgently for some home improvments. I have been turned down by Hiatchi Finance & Freedom Finance. Is it possible to get a secured loan in a single name…
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Dishonour fees & DRO
Just realised this would be better in the DRO forum, so have reposted there, so please ignore, apologies My daughter having got into financial difficulties has decided after much thought to apply for a DRO as she cannot manage the payments necessary for an IVA on her meager benefits income. One of the debts is with…
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Early Settlement Figure calculator
Apologies from a newbie if this has been asked before. I've been quoted an early settlement figure (ESF) by Sainsburys Bank which seems to be excessive to me. I've found a calculator online (I think US based) and done my own calculation (allowing for 2 months interest), each which give a figure of around £200 less than I'm…
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Barclayloan Mess up
I have just been applying online for a personal loan from Barclays. Everything was progressing until I had to look up some info in a file on my computer. When I closed the file and returned to the browser, the application had completely disappeared. I checked my history and it wasn't there. So I started again. I was…
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Joint debt on secured loan
Guys !! I need your help !! My ex partner and myself took out a joint loan, which is secured against HIS property. We have since separated, and he agreed verbally to pay the loan. When he continuously defaulted I applied to enter a restriction on his property as I had a beneficial interest (after paying the mortgage…
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Problems with HSBC Loan paperwork
Hi, Back in 2011 I took out a £7500 loan over 48 months to help me and my wife move house and to but furniture and white goods. I have made regular monthly repayments and I am actually ahead of my repayment schedule. As I get paid every 4 weeks, I have advised HSBC rather than on the 30th of each month I will and have made…
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Mac Book Pro Finance?
I know apple are offering 0% finance for a year at the moment and i want a mac book pro. Are there any other websites offering finance on apple but not with majorly ridiculous % rates? I don't mind having to pay back more than what it is in order to get the finance but i dont want to be paying back a grand extra lol Please…
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Student Loan Mis-selling
Hello everyone Like many people, before i started university (in 2004) i applied for a student loan with the students loans company. Throughout the application process, i do not remember being made aware of future interest charges at all and whats interesting is i have asked so many other people who have taken out a…
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Tesco loan letter.. Payment for no annual statement
Hi I've had a letter from tesco bank saying because they failed to send me an annual statement in 2011, they have sent a cheque to cover the interest paid from the date the letter should have been sent to when they did actually sent it. So the question is.... Do I bank the cheque .. Or are they hoping people will bank the…
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£30 bad credit loan?
Does anybody know of a company that does small loans? I just need a bit of cash, like £30 for food and a few bits for a few days and really don't want a £100 loan or whatever. Any ideas, I'm really stuck?
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Debt consolidation from a secured loan
Hi! We have a secured loan with Nemo for £50k which we took out to cover the cost of an extension last year. The term of the mortgage is 25 years. A high interest rate of 12%. Repayments costing us £540 per month. We had hoped that our mortgage provider would agree to include this amount in a remortgage or additional loan,…
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Did you have a Black Horse personal Loan?
Having been a long term lurker on these Boards I have this week fired a letter off to Black Horse. An old School friend just happens to work for a particular banking "firm" based in Cardiff who attended a briefing session last week. In that session the "firm" briefed staff on incorrect historic Loan statements sent out and…
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I think my personal loan may have been miss-sold? Can i do anything about this?
Hi there, this is my first ever forum post! I had my first proper loan of £5000 in 2011, I was 21 years old and wanted to buy a car and pay my insurance for the year as my car insurance for that year was £2300! The woman in bank said I it would be cheaper to get a loan for both, instead of getting a loan for the car and…
