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SLC demanding bank statements
Hi, I'm currently away travelling and am therefore not replying my student loan through HMRC at the moment. I've had some very strongly worded letters sent to me which my parents have opened, demanding to know my travel itinerary and copies of bank statements proving I can afford to support myself. Does anyone know if they…
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Loan Overpayment
Anyone any recent experience of overpaying a M&S loan and if/how any reduction in interest was given. My situation - borrowed £7500 @ 6.4% APR, total repayable £8878.80. Have made 7 monthly repayments of £147.98 = £1035.86 so balance £7842.94. Phoned recently to make £1500 lump sum overpayment. Today my balance is £6342.94…
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euro to £ loan
Hi everyone I have a question - A friend of mine wants to borrow £5000 . I happen to have £5000 in euros and am happy to lend her the money. However I had to covert the euros into pounds which was 6400 euros. When I want my money back should I just ask for the £5k or ask for the euros?
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defaulted payments on car finance
Hello Hope this is in the correct category - I have a friend who had a car on finance. Last year she lost her job and has been unable to keep up with the payments. From what I can understand .. the finance agreement was such that she could not sell the car , even if she advised the buyer and then paid off the balance once…
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Zopa vs Nationwide?
Hi All, I am after a 5 year ~£10000 loan to finish a classic car project and buy a 'new' daily car. I have a pretty good credit score with Experian (971) and am generally pretty good with money. I think I have two options, but looking for advice as to which I should pick. - I have done a soft search with zopa and should be…
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Help with a guarantor
Hi, I am in need of some help I'm after a loan and need a guarantor for it and I haven't got the luck some people have with rich families or friends in position to help out was wondering if I could get any help along the way any suggestions happy to hear I can have a good credit rating but ruined it when I was younger I am…
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Private contract template?
Hey All, So... my OH could really use a bike but can't has no savings, and is on a 0 hour contract so isn't eligible for a cycle to work scheme. I on the other hand am eligible to request a voucher. I understand the terms of the scheme and I've already set plans in motion (bought advance fare train tickets) to start…
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Should I apply for Barclays Career Development Loan now?
Hi all - I am stuck in trying to figure out whether to apply for the Barclays Career Development Loan and am hoping this wonderful Forum can help guide me a bit! Or at least give me some clarity. Background: I'm due to start a professional course in September which lasts for nine months and is full time so I'm going on…
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Limited Company - under 3 yeras est
Hi, Do I have any chance for finance if I`m director/shareholder of Limited Company established from 8th of December 2015. (not home owner). I`m after curtain side/tail lift VAN, 10k. It`s too big amount for StartUp loan. Any another hope for me?
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First Plus Loan - direct debit cancelled by bank - first plus account closed
Hi I've recently received a letter from my bank saying my payment was returned and my direct debit to FIRST PLUS was cancelled as the bank account had been closed. I've tried to search for contact details but have had no luck. Any ideas? Advice of how to contact them? I don't want to fall behind in my payments as its a…
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Need Advice on taking two personal loans at sametime
Hi I've been approved Personal loan from 2 different lenders for £24000 each (£48k total) for home improvements and to clear previous loan. I just want to understand, can I take both the loans? I can clear my existing loan and then will be left with 35k for home works. I will not have any problem in monthly payments, have…
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Early settlement interest charge
A friend of mine has a Tesco personal loan taken out in 2011. He wants to settle the loan early, but as it was a large loan initially, the two months interest penalty is over £200. Could he make a large overpayment on the loan and then let his usual monthly payment clear the loan to avoid this penalty charge or would it be…
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Ending Car Finance Process
Hi, Hopefully this is a nice and quick one, but need advice before issuing a complaint. Situation is this; brought a new car on finance, the dealer settled the finance on my old car with Nissan Finance, due to the timings I overpaid by one months repayment - the dealer explained this would be refunded by Nissan as the…
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Secured Loan early repayment advice
Hi Please would anyone be able to offer me any advice on the below. I have come into a sum of money and wish to pay off a secured loan I have early, the current balance is approx. £9000 it has 28 months left to run. Upon enquiring for an early settlement figure I have been advised it is £9000 when enquiring as to regards…
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Late payment on credit file when all payments have been on time
So I took out a loan with Street UK in 2013 and all payments were regular and on time on the 18th of every month. In July 2015 I fell on some hard times and called Street UK before my payment was due to let them know I was struggling. They agreed to set up a payment plan by giving me a 2 month grace period and then making…
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Opos claims £700 on £150 loan
Hi all Had a call from Opos today regarding a loan taken out for **£150** in 2014. They said I have made some payments but then stopped and they have sent me a login to their web site which shows they are claiming on behalf of their client an 'instructed balance' of £1189 and that payments have been made of £425 leaving a…
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Small Wonga Loan
The least bad of my options in about a week might be a small (£50 seems to be the minimum) Wonga loan for a few days. I know it is not ideal, I'm here to ask if a loan this small, paid on time as a one off will have any significant effect on my credit rating? I'm considering applying for a consolidation loan and paying off…
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Loan to pay off credit cards
My wife and I have quite a lot of credit card debt. We are able to make the minimum payments (plus a few hundred extra per month) but we're wasting a lot of money on interest. Our balance transfers are all coming to the end of their interest free period soon. Our oldest card (the one we transferred the debt from) still has…
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Consolidation Borrowing Issue
Hi I have in the past been quite bad with my money due to certain reasons, I'm now in a good way however the past is putting added pressure on my finances. I have tried to consolidate two debts my bank Lloyds are happy to help but at an APR of over 20%, they advised I looked elsewhere which I did, my credit rating is…
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Duff used car bought on finance
Hi guys, just wondering whether anyone had been through anything similar to this as I don't know what the next step is Bought a used car May 2015 which turned out to be a lemon. So far cost me £2000 in repairs and I've only driven 1200 miles in the thing since I got it. Car has been a non-runner in the garage for the last…
