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First Loan Application Denied
Evening all, I recently had my first loan request denied, i'm a 21 year old male with a good credit rating according to experian with a score of 887 out of the 999. I applied for £6000 over 36 months and the purpose was for a new car. I believe the reason as to why i was denied is because i don't have any long standing…
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Paying lump sum off of loan
Could somebody please explain how a lump sum overpayment works? I got a balance & settlement figure for my loan and then made a lump sum over payment of just over 60%. I then applied for new balance and settlement figures - I am hoping to overpay monthly now to get rid of it quicker. However, the new balance is just the…
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Sole trader loan - personal or business?
Hi, I'm a sole trader and need to get a loan to buy a new car which is used for the business. Clearly the rates for personal loans are preferential, but i wonder whether I have to apply for a business loan as that is what it is primarily for? Does anyone have any experience or knowledge about this please? Many thanks
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Early Settlement on Loan
I have a loan of £15000, 19.4% APR, over 60 months, paying £379.78 per month, overall repayment of loan £22786.80. I am 8 months in to the term of the loan and can now afford to repay and settle early. Can anyone tell me what I will be charged to settle early and how much I am likely to have to pay back. Thanks
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what income is included when applying for a loan?
Hi could anyone tell me when asked for monthly income is this including tax creds, cb and earnings? trying to get quotes and not sure what figures to use! also if my partner is s/e does he use net profit figure or gross? thanks
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Forced to consolidate by High St Bank,Irresponsible lending.
Just been going over my files with a certain bank and I believe I have been the victim of Irresponsible lending. Back in 2007 had 15k loan with a high St bank,everything fine til I lost my job,arrears went to 4 months,managed to get back on track cleared arrears but same bank defaulted my credit card at 3 months arrears.…
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pay off which loan first
This might be as obvious as pay the highest rate first…. i have been overpaying on my mortgage by £500 each month. This overpayment has been built up and totals over £30,000 reducing my mortgage to around £130,000. The overpayment can be withdrawn without penalty. I also have a business loan and 2 car loans. My business…
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MSE News: Cheapest ever loan 3.5% – and tricks to slash costs further
Loan rates have plummeted, and for once it's not just for larger amounts – they're competitive from £2,500 up... Read the full story: 'Cheapest ever loan 3.5% – and tricks to slash costs further' 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 New…
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Credit building?
Hey guys, I've recently thought it's time I'd start building up a good credit history, you know, just in case. I've so far applied to my bank and an online loan company with no luck!. About 4 years ago I had a problem with payday loans, they got out of control and defaulted a few times, they've been paid of in full and…
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% on a peer to peer loan
Hi, Can anyone help to answer a question which I just can't figure out ? I am trying to compare 2 loans Loan a - with a peer to peer lender. 3 years with an annual rate of 6.9% apr of 12.4% Loan b - with my bank. 4 years with an annual rate of 8.9% apr 8.9% I have already made my mind up to go with the bank option as the…
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Chances of personal loan
I earn 15090 haver very lkttle outgoings as partner pays the majority of bills £70 mobile £22 sofa £130 car loan. I would lkke to borrow £15k for some debt coslodation and home improvements. Woild this be likely. I bank with both santander and halifax have a 2000 overdraft with halifax (im 1700 in it) and no credit cards.…
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Car loan for bad credit
Hi guys Just wondering if anybody would be able to offer any help or guidance I had a default on my account for £40 despite paying this off months ago its still showing on my credit file as defaulted meaning I am unable to get credit I currently commute 60 miles a day for work and my car has ended needing work which is not…
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Not offered advertised rate - but will price match. Worth getting another quote?
I'm in the process of buying a new car. I saw Sainsburys Bank's advertised rate of 3.6% (now 3.5%) APR, and so I hopped on to Experian to find my credit score was 999/999. On Sainsbury's Bank 'soft search', they said I had a 90% of being offered that rate. As Sainsbury's Bank said Experian was also their preferred credit…
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Loan to cover credit cards?
I have two credit cards (£3800 and £900) both maxed out. I want to get a loan for a new car. Can I/should I get a loan to cover the cost of the new car and the credit cards and be left with one monthly payment? I would be getting the loan for around £13000 with a 24 month term and hopefully a 5% interest rate. Will I even…
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Urgent -Product on finance,returned in 14 days - now bad credit for cancelling loan?
Hello - I'm hoping someone can help as my situation feels unfair. Urgent as I need to reply to the companies email. I bought some speakers from an online dealer, using a finance deal (Pay4Later) arranged by them. The Speakers didn't suit me, so using the '14 day cooling off period', I notified the company within the 14…
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un-regulated contract
Morning All, Someones help would be greatly appreciated on this matter to follow. I bought a car from a dealer for the value of £40,990k, put a deposit down of £4,100k – loan agreement over 60 months. - £881.33 per month The broker that got the loan agreement said because I never had the size of credit before that the APR…
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New car dealer moved goalposts on finance
Hi hope you can help here is my problem I ordered a car from Nissan and agreed on a a good deal when I was happg I signed the order form. At this point the dealer advised that if I took there pcp I would recieve a £1000 nissan finance contribution and proceeded to give me a quote to which I was happy with and accepted. I…
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RBS loans
Hi I applied for a loan on friday and it was approved there and then and said it would take 2 working days. I've checked this morning and the loan is sitting in a separate 'loan account' says balance unavailable and won't let me transfer anything to my account. Can anyone help with this? Thanks
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Car finance agreed then dealer moves goalpost
Hi hope you can help here is my problem I ordered a car from Nissan and agreed on a a good deal when I was happg I signed the order form. At this point the dealer advised that if I took there pcp I would recieve a £1000 nissan finance contribution and proceeded to give me a quote to which I was happy with and accepted. I…
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Out of the blue BlackHorse refund, is it as simple as it seems?!
Hi, this is my first post here, I hope I'm in the right category. Anyhow this morning I received a letter from Blackhorse finance company that read, in summary, the following: following a review of the annual statement of your account, we have identified that we did not remind you of your ridge to voluntarily terminate…
