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Joint loan after split - can anything be done?
I'd really appreciate any advice anyone could give me. I'll try not to out myself with details but essentially.... - Couple take out a loan jointly - Couple split suddenly a few years later - Couple continue to pay back loan, despite this - However one of couple needs to pay off their half so they can get a new car loan…
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Loan in my name for an ex girlfriend who isn't paying. Can anyone help?
A while ago a girlfriend moved into my house. Her car died and she needed a new one. She had no credit history at all so couldn't get a loan. I got one in my name and got her a car on the agreement that she'd pay back the instalments. Then we split up. She continued to pay for a year or so but now has stopped. Obviously,…
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Equity vs other loans/mortgages
Hi, Recently we have inherited the house with mortgage already dealt with and paid for. However the social services require £30,000, along with a relative's share of the house to be bought of for £60,000. So in total a £90,000 loan/equity needs to be taken out. The bonuses of us are... We are both 23 years of age and both…
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Loan deposit
I am currently saving up for a mortgage deposit I used to be a mortgage advisor but would like a second opinion on a matter. If I was to get a loan for say £5K and pay it off in 1 year before applying for the mortgage would the bank be bothered? As technically I'd be debt free but would have raised my deposit by a loan?…
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Sruggling to make a decision on future savings vs new car
Hi all, Not sure that this is the right section for this, but there isn't a section which fits exactly what Im asking and I had some excellent advice here a few months back. A quick overview of my situation: 1. I have recently had the ability to save between £400 and £500 per month, but have only just started doing this,…
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Swift Sterling
Anyone have any idea who swift sterling use as credit agency / broker ? cheers Mwaugh
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Identity Fraud - Tesco Banking
So Tesco handed out nearly £20,000 to a complete stranger who stole my identity and took out a loan, in February - and I only found out yesterday. Worse still, their customer service representative's are a bunch of unhelpful clowns who forgot to turn the 'put you on hold' music and sit there laughing whilst I hear…
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Best way to fund a newer car
I require a newer car (mines 15 years old and 160k miles, I have managed to get a small raise of £84 per mth, i think i can stretch to £100 per month (as currently have pretty much nothing left every month after other bills). What is the best way to find a loan, or credit for a newer car(im not talking brand new) but maybe…
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Personal loan interest
Hi there Just looking for a bit of advice really, today me & my husband received a cheque for over £1100 from the coop bank. They have said that this is refund of interest on our personal loan between November 2012 & November 2014, (the loan has been paid off for some time now) they said that they did not comply with the…
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Payday loans effecting a mortgage application
Unfortunately in the past I have been silly enough to use payday loans. At one point I had numerous ones open at once. I haven't taken out a new payday loan since October/ November last year and paid the last one off in March this year. I have had a good or excellent credit rating since Feb 2015. I am about to apply for my…
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Getting a second start up loan
A while back I had a Princes Trust Loan which was successfully paid in full. Sadly, the business had to cease trading soon after due to one reason or the other but at least I dissolved the business after ensuring customers got their orders and I did not own anyone anything. Thing is, now I want to try and start again but…
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MoneyBarn Car Finance Issues
Hello all, Ive heard nothing but good words about the solid advice on here so thought id ask for some advice. Basically I financed a vehicle for 4 years through MoneyBarn. The vehicle was £9250, I put £2000 deposit down and the rest was financed by money barn. After 1 year I got into financial difficulty's and handed the…
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MSE News: Quick Quid & Pounds to Pocket to refund £1.7m to payday loan borrowers
CashEuroNet UK LLC, trading as Quick Quid and Pounds to Pocket, lent some customers more than they could afford to repay... Read the full story: Quick Quid and Pounds to Pocket to refund £1.7m to 4,000 payday loan borrowers Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure…
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Paying outstanding balance with credit card
Having weighed up some options and with only £830 left on my loan, I was looking into the possibility of paying the remaining balance and closing down the loan with a credit card. I've looked into balance transfers before and understand I cannot do that, however would it be possible to pay the balance with a credit card?…
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Personal Loan - when does repayment start
Hi, just wondered if there is anything laid down in the 'rules' about when repayments to a personal loan should start. If it says "first payment to start 30 days from drawdown" is that a 'minimum? By law (?), are they not allowed to take the first payment WITHIN 30 days of drawdown? For example, if I drew down a loan on,…
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Need to be guarantor for dad, company needs 6 months bank statement
Hi all, sorry if this is posted in the wrong place... So my dad needs two guarantors for his new contract at work (me and my brother). This is needed as he deals with money on a daily basis and they want guarantors to make sure someone could pay anything back if he runs off with money (which would never happen). Anyway…
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Dispute over "Interest Free" period
Hi, I am currently in a dispute with a personal finance company and would like to know if I have a leg to stand on. I will try to keep it brief, but here are the details: I bought a new boiler from British Gas. A salesman came to my home, and gave me a quote of £3800. I wanted to pay in cash but three times he told me I'd…
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getting commercial loan for business shares purchase
hello, i hope you could help me a bit i am splitting company with my business partner and i am buing his shares and stock. i won`t be able to pay the whole ammount from my money and i was hoping to get a commercial loan 1. Is this difficult to get? 2. Would it be ok for bank if they know there is a change in company?…
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Moorgate & Roxburge
Dear All I have two questions regarding two creditors i have, would appreciate any help/advice on either please Moorgate - does anyone have any guidance on dealing with them, i am in dmp with payplan, main creditor was hsbc approx 22k, this was back in 2009, the debt was sold to moorgate quite quickly from 2009 and now…
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amigo loan
hello mse people, I was asked by a friend who i also employ in my business to help them out with an amigo loan this year. I agreed and in March a loan for £5,000 was paid out to myself which i then forwarded on to her. A condition of this loan was me asking her to explain exactly why she needed it - well, everything came…
