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Loans

Archives for September 2015

Missed/late payments and just above min payment loan search
I've been paying just over my minimum payment in to my credit cards in the hope of getting a consolidation loan. Everything was going OK until Virgin Money changed their details and I managed to miss/make late payments 2 months running due to having inputted wrong details twice - I made the payments but they were returned…
Home Extension Options???
I'm hoping for some good money advice - my head hurts from googling every evening! I've been offered an advance on my mortgage - 25k at 2.69% fixed for two years and to lump it in with my outstanding loan - 89k - I was previously on 6.49%, so affordability should not be an issue. I'd love to extend our home with this money…
Carefree Credit veterinary loans - referring to Amigo!
My dog has had to undergo cruciate surgery this morning and I'm expecting a bill of around £3500! :o I sent an enquiry into Carefree Credit to see if I could apply for a 0% loan to cover his treatment - money is paid direct to vets and then spread over 12 or 24 months. Have read reviews of it previously and thought that it…
Should my "variable rate" go down as well as up?
I have a secured loan with a variable rate. Since taking out the loan, there have been 7 changes in the interest rate that I'm being charged, resulting in corresponding changes in my repayments. I have listed these changes below, showing the old and new rate as well as the variation in my monthly repayment (in brackets…
High APR loan for debt consolidation...
I am wanting to take out a loan to consolidate my debt from my Very account (£1500), Aqua card (£1500) and my other store card (£500) however I have a poor credit score of 360 as my file has been marked as I was late with a Barclaycard payment and then paid the card off in full two days after. I can only get high interest…
Zero percent loan and new job
Hope this is the right place to post. I have recently been made redundant after 22 years of constant employment, but luckily found a job two weeks into my twelve week notice period. My first day at my new job is on Thursday (1st Oct 15). I am thinking of using some of my redundancy to buy a car, keeping the capital in a…
Relocation Help - Loans?
Hi there, After being unemployed since March this year (I withdrew from University at this time), I've managed to get myself a job at Macmillan Cancer Care based in London. :j My problem is that they are not offering any relocation support, and I have no money for relocating. This job will do wonders for my mental health…
Bamboo online
Answer now found.
Zopa loan soft search & pre-approval
Hi guys, Just a quick Q hopefully. I've got a 'quote' from Zopa for a £15k loan, and first you go through the soft search process. I had this message come up: I know it probably sounds obvious but I wasn't expecting this from only the soft search. Does it mean I have got the loan? What are the standard verification checks…
Eligability for secured loan
Hi all, I hope this is in the right place...just looking for some advice.. Currently own 30% of a shared ownership property, my 'credit score' is around 500 (low) and I am in the position of needing to get a new car. I have been declined for car finance, but I am wondering if I would have any issues using my share of the…
Has anyone on here ever worked for a bank or lender?
or otherwise has good knowledge of this?
Car Loan totals Calculations
I took out a car loan in Dec 2012 n I am trying to work out if I am being charged the correct amount but I am not sure how to do it.. Can any one help ? Does the repayment figures seem correct ? Financed Amount : 12,501.00 Star date : 20 Dec 2012 End date : 1 Feb 2016 Payment: 1-36 months. 168.69 Apr 6.90% True Rate :…
Loan Account Closed - Mystery - Dilemma
Hi all, Thanks for taking the time to read this. I took out a 4k career development loan in 2012 and next summer the final payment will be due. I was going through some old paper work and just wanted to double-check everything with the account was ok so called the bank earlier today. I was told the account had been closed…
Do lenders use same criteria in deciding a business loan?
to an applicant as they would a loan? Do they tend to approve a loan to someone with bad credit, and missed payments, if they think the business idea will be successful? If no, why call it a business loan, why not just a loan? Maybe they look more favourably on applicants bad credit because starting a successful business…
Swift sterling have stopped loaning
Hi, I'm sure many will have got themselves into the pay day trap. Swift sterling changed their loan structure in January so you could pay over several months. Each time you pay the loan off they offer you more over longer eventually getting you to the point you were at with your monthly payment equalling your salary. I…
Carfinance247
Hi guys I recently made an application with Carfinance247.co.uk, all went well and a couple of hours later I received notification that my application had been accepted. Car details were given and was told the paperwork would be drawn up. However when being talked through everything I was told there's a fee of £149 I have…
Car Loan
Hi, I'm currently looking to change my car - I own a Vauxhall Corsa just over one year old. Stupidly I bought it new in July 2014 with just over 10,000 on finance. I'm now wanting to change my car to an older, but nicer car. To do this I'm looking into taking a bank loan of around £8000 to pay off my existing car finance,…
40k of debt and no options
Hi, Feeling stuck at the moment I've racked up nearly 40k of debt due to gambling. I don't feel I have any options. I have a home with my partner which we pay a mortgage on we don't earn a great deal of money between us. My partner is aware that I'm in debt due to gambling but not the amounts. Ideally I need to remortgage…
Home Improvement Finance
Hello, We're buying our first house. We have a regular monthly surplus, but very low savings after putting down our deposit. We need to put in £12k in repairs. We need new white goods (£2.5k), and new kitchen (£3k). My question is about financing options. We could buy the white goods and kitchen on 0% interest financing.…
Optimum Credit Secured loans
Has anyone had any experience of using Optimum Credit for a secured loan? I cant find any reviews, good or bad, about them? Thanks

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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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