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Loans

Archives for March 2015

Advant Credit - HELP!! Fraud
Hi all Sorry, not sure if I should be posting here so apologies in advance in the wrong section Basically last week I noticed a payment pending with my online banking for advantcredit.co.uk that I didn't recognise I contacted my bank and informed them that I didn't recognise the payment, cancelled my card etc Having spoken…
Looking for a loan with no guarantor/ bad credit
Hi all, I have been searching for a loan now for about 2 months, been ripped off a few times with the loan brokers or whatever they claim to be, they took £80 out my bank and conveniently sent the confirmation email to my junk folder. Oh those companies really get under my skin! I've found a company I need to find a bit…
Reclaiming loan discharge fees - Help
Hi all, I recently paid off a loan for a car and was charged two fees by Barclays Personal Finance. The first was a loan setup fee of £99 and the second was a discharge fee of £250. I also paid £225 when I moved house and paid off the old mortgage. Can anybody help me out with claiming refunds on these fees, is it possible…
Guarantor on loan
Hi there, my homeowner guarantor is in the process of selling up and becoming a rentor, will this affect my current loan agreement?
Loan repayment amount hikes every sunday
hi I have 1 year left on a 5 year loan and have been getting the settlement figure from the online company site every day this month to see if it makes a difference when I pay it off during the month. It starts off the cheapest on day 1 and rises each day as you would expect however every sunday the figure is always much…
GE Money writing off secured loan ? is this a dream
long story short i had an unsecured load with ge money on a property...house was repossessed in 2011 clearing mortgage but leaving £25k outstanding that ive been paying back at small amounts per month...today ive received a letter saying their not pursuing it anymore and that DD will be cancelled ....has this happened to…
loan or cash
I have just received a final payment of my endowment of £30,000 my mortgage doesn't finish until 4 years time . At the moment I owe £20,000. I would like to buy a static caravan for £36,000 would I be better paying for it cash and continue with my mortgage on my house or paying off my mortgage and taking out a loan.
Car lease advice, please
Our household has 3 cars at the moment: my cheap 'run around' which is worth £2,500 (no outstanding finance), and DH's two cars which are worth £9,000 (fully paid off) and £4,5000 (or thereabouts, but still has a lease of £4,000 outstanding). The second car was involved in an accident and has only just been fully repaired.…
Amigo loans 24 month turned into 26??
Hi all. 2 years ago took out a loan with Amigo, 24 monthly repayments of 309.08 total repayment 7417. They are currntly advertising the same offer on the website, ie borrow 5000 repay 24 payments of 309.08 over 24 months. Ok so my last (24th) payment due this month but after its paid there is still an amount of £470…
10 year old loan
I had a loan in which I ignored as I lost my job. During the last eight years I've paid minimal, but stopped maybe two years ago. Now I'm looking an IVA. However I have been advised that my loan debt might be 'statute barred'. should I just ignore these debt collectors? Also can I cancel a contract that I signed six days…
Pay later loans
Hi Guys! I have always wanted to visit Australia... I am looking for a £10k loan that I can pay 12 months later for. Does anyone know if these exist? I don't want to go with anything with a ridiculous APR just one that can help me out in the short term. Thank you :)
Family loan and protection
Hi, My mom is lending me money to clear my credit cards and I will repay her an agreed monthly amount that is affordable but allows me to repay as soon as possible. There is no interest being charged. I only want to do this knowing that if I unable to work due to sickness/involuntary redundancy etc or I die that mom will…
loans help please
Hi, wrong sub-forum. Sorry
loans help please
Hi, My neighbour is on the verge of a nervous breakdown.I've been downstairs all day trying to sort this mess out. Basically her outgoings are about £1200 and shes got about £1000 in-goings.Her debts are about £14000. I've put a plan together for her to sell her car and get a runabout(car is worth about£3000) and off to…
Wonga Loan Help??
Hi, Wondering if you could offer any insight or help into an issue I have at the moment... Rather stupidly took out a wonga loan whilst at University, which defaulted and was added to my credit file in 2012, the original amount was for around £600, currently listed on my credit file at around £1350, from me leaving…
Challenging First Plus Redemption Figure
Hi, Looking for advice... I took out a 25k secured loan over 25 years with First Plus in March 2005. Balance left is 8086.47, but on asking for the redemption figure as I am looking to re-mortgage next year and get rid of the charge that First Plus have I was provided with a redemption figure of 18,459.12 (originally…
Help/advice
HI id just like a little advice. Im looking to consolidate some debts. The problem is i was a bit silly when i turned 18 getting over drafts and phone contracts i couldn't afford. This has left me with a awful credit rating leaving me with little option for loans. Ive found a half decent one through credit expert site but…
tv ads loans
hi all im new here and im in need of some help I had 2 loans in 2002 and 2004 I got it of the tv through a add and they derived my cheque buy a courier but I cant remember for the life of me the name of bank as would think that it would of had ppi on it so if anyone could help I would be real grateful many thanks jackie
Banking Problems- Ask the Ombudsman
If you find yourself in a bit of a pickle with your bank do you know that we can help? We can look into a wide range of queries relating to your bank, things like; · if you’re having money problems and you think your bank isn’t doing enough to help · if you’ve had a problem with a direct debit or a standing order and can’t…
Borrowing against a partners income
Hi Some years ago my husband applied for a loan, soon after he had already been given one, the bank refused but said that I could take out the loan instead, I was very suprised at this as I wasn't working and had no income to call my own, the bank said that I could borrow against my husbands name. Since we were in a sticky…

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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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