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Loans

Archives for May 2016

Student Loans / Student Finance
Hi Folks! There may very well be a far more better suited category for this, but I imagine this would be the first port of call for someone looking for help and advice re Student Loans and or Student Finance enquiries they have. I will be happy to help you with anything you'd like to know. I have extensive experience with…
"Additional loan" with mortgage lender - house refurb - when to apply?
Hi all, We have just instructed an architect with a view to getting our house renovated Spring 2017 (I have a work sabbatical at that time). I have spoken to current mortgage lender on the phone and they have agreed to give us a certain sum, all affordability worked out etc, and they asked if I wanted to apply today. This…
Loan settlement
Can someone please explain how you get to your settlement figure. I have 2 years left on a 5 year loan and am looking to pay it off. So 23 months of payments works out £50 greater than what we would get with a settlement figure today. Is that correct?
Loan applications/rates
After a bit of advice... I've got a better-than-average credit rating, and applied for a loan with Santander (advertised with an APR of around 3%) to consolidate and pay off some debts. They replied to me this morning advising me that they'd accepted me for the loan, but at a rate of around 23%! Obviously I'm disinclined…
Advice with HPI
Hi. Sorry if this is the wrong forum. I bought a car on April 16th 2016 and had many problems with it. It's been in the garage since the 12th of May. I've phoned Black Horse and filed a dispute with them now as I've had the car a month and it's been in the garage 3 weeks of it. Could anyone tell me where i stand? Do I have…
Question about person nationwide loan.
Hello and thank you for reading this thread, I have applied and have been approved online for a loan with my bank. They have said that they will be sending out the form for me to send back but I am in a bind - My ID is currently being sent to the passport agency so I can get a passport. My question is - what documents will…
Postscript about holding a loan provider responsible
I left a message here about whether I could hold Barclays (that provided a loan) jointly liable with a business regarding.delays in repairing a faulty door (the company claims not once but twice on its website that it will act 'quickly' if any faults arise). I just wanted to add a postscript,. After waiting nearly two…
Brother Died, Provident made my mother pay off a loan
The title says it all, it happened 2 years ago when my brother died. She had the provident guy knocking on her door threatening her with legal action if she didn't pay off my brothers loans. She did this, and the case was closed. My mother has just told me about this, this morning. She told me that she never realised she…
Changes to student finance rates, please check if this is true...
So there's an open email to an MP from a student going viral at the moment, you may have seen it. It's about repayments for the first batch of students on the new levels of fees. As one of said recently graduated students, I feel like I should be angry, but not sure whether it's at this supposed change in rates, or at the…
Personal loan and switching current accounts
Hi, I'm looking at buying a used car from a dealership soon and the best financing option for me would probably be a small (£2500-£3000) loan through my current account provider NatWest. The rates my bank's eligibility checker are offering are competitive compared to the other car finance options, and I'd own the car right…
Student Loans
Hi all As I took my student loan out after September 2012 I have been put on to what the student loan company calls payment plan 2, which means that anything over £21,000 will be charged at 9%. Importantly this also gets whipped after 30 years from the start of your loan repayment. I have two questions regarding this. 1.…
Gr finance please help
Has anyone ever taken a loan with GR finance?. I have stopped paying My loans. I called my agent who collects every week and told her I cannot afford to pay anymore.after seeking advice from a debt charity I am going into a protected trust deed. I advised her of this.she said she would inform her manager but she obviously…
A long shot but hear me out
So here is my situation I am currently in a total debt of £42000 A bank won't touch me, this is all through my stupid spending and a very recent divorce. I earn a good monthly income of roughly £1400, due to my job I cannot take an iva, dmp or bankruptcy as I will lose my job, thus increasing the problem. As I say I have…
New car loan
I'm looking at purchasing a newer car. I am currently still repaying a loan from a few years ago and still have around 2 years left of repayments. If I take out a 2nd loan will the interest be higher? Are there any problems with taking out a 2nd loan. I also have a mortgage and was wondering if it was worth adding the loan…
Who does the car belong to?
I recently split from my wife. 2 years ago I took out a 15K loan for a new family car and pay off a few of her debts. The loan is in my name and I make the repayments. The car is registered in her name and she pays for all maintenance, costs etc. Is the car legally hers or mine?
Random payment in my account
Hello, Today I checked my bank and I've found I've received a payment from "Instant Cash Loans" and I've no idea who/where its come from. I've not applied for any loans so I went to the bank to find out if they could give me any further information, which they were unable to. The only information about the company they…
Savings vs Loan for essential home repairs
So I've just had what I thought was going to be a moderate home repair job quoted. It turns out my kitchen floor has wet rot and rising damp due to poor workmanship from the previous homeowners. The carpenter who came to look today said its about 4-5 weeks work and will cost about £9-10k to fix and put right. That's…
Confused about car finance figures
Hi everyone, wondered if anyone had any guidance/thoughts on this and these figures? We are a two car family, we purchased our cars through a main dealer back in 2014. Our family has since grown and we need a bigger car. We have been looking through our agreement paperwork as we are considering a VT (voluntary termination)…
My partner's debt.
Hi all. My partner has debt which is between £10k and £15k which she amassed before she met me. My question is that if we had a joint account could she be forced to pay off this debt from the joint account, even though it would be my account to? I want to open this account to take advantage of my bank's offers as my…
Zopa Loan - successful?
Seeking some guidance really on the Zopa loan process. I applied for a Zopa loan on Friday and an underwriter of theirs rang me that same day to discuss the purpose of the loan etc. I was curious and on Friday afternoon I logged in to my Zopa account to see if there was any update on a decision and my dashboard said -…

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MSE News

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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
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Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
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Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
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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
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Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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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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