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Loan with assets behind it
Hi, I'm in a slightly unusual situation - I want to borrow £15k but I have no other debts and £30k assets in an ISA. The reason I want to borrow the money rather than withdraw my ISA is that I expect to be taxed at the higher rate by the end of this year. Hence I want to keep as much in my tax free wrapper as possible.…
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Voluntary termination
Hi, I am with finance company Motonovo and over 50% through my agreement and wish to hand the car back as it's worth less than what's less to pay on the finance and it costs a fortune to run (Mazda RX8). My settlement figure is around £2200 but not getting anywhere near that for a private sale so I was thinking about…
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payday loan query
Hello, I have a payday loan due to be repaid soon but due to a change in circumstances I wont be in a position to pay it in full. I would like to arrange repayment over a longer term but scared they will just take the amount anyway. As a precaution, I have canceled my debit card and had my salary redirected to another…
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Loan / credit consolidation help
Hi, Can you please help ? On my mortgage from Alliance & Leicester in 2008 there was a loan part-£18k. Now I have took my mortgage elsewhere I have a unsecured loan amount £99 per month. 7.9% for period of mortgage ! I also have a credit card £3000 with Santander, interest free only until 31st May '15. I'm thinking of…
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Borrowing £10000
Hi i am looking to borrow £10000 for home improvements.What are the pros and cons of borrowing on my mortgage as have never been down this route before.All feedback would be appreciated.
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end of welcome?
Bit of a poser folks, I was checking out welcome finance website for head office, when I read that they no longer accept loan applications. Does anyone know if that means they are going out of business?
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Have I come close to getting an overdraft rather then a 'payday loan'?
Thank you for applying for a planned overdraft Before we can give you a decision, there are some things we need to discuss with you. Please call us using the contact details below. . What happens next? To speak to a specialist adviser, please call x (from outside the UK). Lines are open Monday to Sunday 8am-8pm. As soon as…
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Car Loan advice/help
Good evening all, I'm currently in the market for a used car in the region of £3,000-£5,000. Unfortunately I've got a bad credit score due to a notice being served on me for an unpaid phone bill that I received between phone contracts whilst I was in between residences. I have despited this and unforunately EE refused to…
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Zopa loan - apply now or wait?
My husband wishes to apply for a Zopa loan to finance a car purchase. He intends to borrrow approx £4,000 over 3 or 4 years. The only other debt he has is a mortgage on which the repayments are £415 per month, his salary is £24,000. He has one credit card which has been paid off in full each month since this time last…
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Getting a divorce, question about loan applications
Hi Ive seperated from my wife and divorcing. Can she take a loan out under both our names? A joint loan. I assume if she makes a joint application, she will need my signature and if she fakes it and signs on my behalf its illegal? If she does this what steps can I take to avoid being liable for the debt.
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Can a loan be missold?
Going back some ten years ago, my husband was self employed. He had a retail premises. I had been very ill the year before, life threatening, and we didn't know what the prognosis would be. He had staff running the shop but he had had to take most of that year off to look after me. His business was really struggling as it…
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Student Loan - Early Leaver
My son has decided not to go back to University after studying for one year. How will this affect his student loan repayment? Will he still only have to pay it back if he gets a job earning over £21,000?
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Advice on paying off loan using a credit card or other methods?
Hi All, Would just like to first off say I'm very new to the financial world of borrowing and the lenders terms are getting me all confused so would appreciate any responses keep the banking terminology to a minimum to avoid said confusion :D Secondly, thanks for anyone that takes their time to make any suggestions. My…
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Is new Cap Retrospective
Hi I have a number of payday loans that I am paying off. Some held by the original companies, and some held by debt collectors. The governemtn have now brought in a new payday laon cap to prevent peoples debts spiralling out of control. As I understand it the new cap means the maximum anyone has to payback even if they…
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Amigo loans
Hi everyone I am looking to take out a loan for debt consolidation and have researched that with Amigo it works out a little cheaper for me, rather than paying all my creditors. My credit rating is very poor, but with the help of my partner whose rating is good and regulr income, is there a chance to get accepted? I am…
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Loan from bank
Does anybody know if getting a loan from your bank as a customer with good history banking with them is different to a non customer. I want to know because ive been working on my credit history over the last 12 months as it was previously fairly poor. I have now cleared my debts and settled my accounts and i only have my…
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Want to borrow money to travel before starting new job
Hi there, I have just signed my contract for an amazing, well paid job which begins in September (a grad scheme). Having been looking for a grad job for a year and a half, I want to treat myself to going travelling. It's a once in a lifetime opportunity to have 3 months off seeing the world. However, I don't have the funds…
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wrongful loan repayment
We paid off a loan early as had ppi. We didn't know at the time of paying off the loan we had ppi. We only paid it off as I had critical illness pay out. I've been told that I could claim my money back. Does any one know who and how I go about this.
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Student Loans (pre-1998) query
I've been deferring my loan for... well, a long time. I have just received a letter telling me that my deferment has been refused as my gross income is over the threshold for the first time. However, it isn't, Well, it is. Let me explain: The last couple of months I happened to get a fair amount of overtime - this is…
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how are peer to peer loans viewed?
Going to sound like a silly question but we all know what effect payday loans seem to have on things such as mortgage applications but if you get a loan from a peer to peer lender such as ratesetter or zopa would this be viewed as negatively?
