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Moral and Financial dilemma
Shall i take out a student loan if i have savings that could cover the degree i am taking. I'm 39 years old and need/want to leave my unfulfilling job to pursue a passion i should of long ago in computer science. Martin wrote a blog/post saying you should take the loan and stick the savings in a high interest earning pot,…
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Car Payments - 2 in one month?!
Hi, Apologies if this isn't in the right part of the forum but I wondered if anyone else has had the same problem as us and what our rights are? My wife took receipt of a new car on a PCP agreement at the end of June. The monthly payments were to be taken by Direct Debit. We feel we (and the dealer) worked hard to get to…
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Legal agreement for private loan
I lent my brother money to help him buy a house, furnishings etc. We both want to make this legal for our peace of mind. I spoke to a solicitor who suggested a very complex (and expensive) solution, but is there any way anyone has done something like this easily?
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Payday loan / serious accident
My nephew has been in a serious accident and is currently in a coma. He has a payday loan and my husband is trying to contact them to let them know the situation but is only getting an overseas call centre who either don't understand him, or are being deliberately obtuse. He has also emailed but had no response. Does…
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Letter from student loan - third party debt collection
Hi, Got home tonight to find a letter saying it's from the student loans company. It's states an arrears amount of £969 and says he's failed to respond to previous requests to pay and as a consequence they've passed him to a third party debt collection agency. The thing is he earns less than the £15k threshold (began uni…
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Overdraft over Loan, have I got these calculations correct?
Hi all. I need to borrow approximately 4k and I've been looking at the pros and cons of extending my overdraft to this limit (shouldn't be an issue) over a conventional loan. To extend my overdraft to 4k, there would be an annual fee of £50 plus 5.5% EAR. To pay this off over the course of 4 years would see fees of…
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what to do?
on thursday my mum was diagnosed with a brain tumour which is a secondary tumour, we are waiting for another scan but so far are led to believe that its terminal. My father has told me that she has a provident loan and until i go to visit on friday i don't know how much for. My dad is starting to struggle because mom is…
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Need a huge loan to buy a property...is it possible?
Hello all, Long and short of it....we are currently in rented. Spotted a dream house that needs a face lift, we love it. It is currently for sale for 800k. We don't have all this money only 200k cash now...we are currently building 3 properties, they will all be finished and highly likely sold in 1 yr. These will make us…
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Early repayment of RBS loan - settlement charge
Hi there I wonder if anymore more savvy with banks loans that myself could help me out here... I took out a loan for £10,300 in November 2014 to consolidate some existing debt. My monthly repayment amount is £200.13 and I currently have £7046.16 remaining on the account. I requested an early repayment quote a couple days…
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Interest free company loan - £185k
hi, currently looking to purchase a repossession property and to ensure that i can react quick enough to the sale (haven't got a mortgage agreed in principle, nor have the cash funds) my employer has agreed to help me out. For reference i am currently a home owner with a mortgage on the property. the property im looking to…
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Loan settlement
I have a loan of just under £5000, with 14 months left. I have requested a settlement figure, why is this figure higher than the outstanding loan? Thank you
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Bridging Loan
Can anybody advise on here..just joined. I own outright a couple of properties but am short on income at the moment and wife isn't working also, but need to refurb a house that is ours then move in and sell current dwelling but will need at least 100k. Does anyone have any experience of bridging loans ? Or any other method…
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Excess mileage when Part Exchanging after a PCP?
Hi all, I read that excess mileage charges usually apply when returning a car at the end of PCP (and my dealer mentioned something about not having to worry if I exceed mileage but I choose a new car at the end of the deal). If I decide to get another car from a new manufacturer and use the car I have currently as a part…
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Representative Rate versus Offered Rate
My wife and I recently took out an unsecured personal loan from our bank. At the time the "Represenative Rate" quoted by the bank ws 3.5% but the loan we were offered, and subsequently took out, was at a lending rate of 9.9%. Subsequently, I checkd my credit score with Experian and it was perfect at 999. Therefore, I…
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Need advice - do I pay back loan early?
Hi all I have a personal loan which I took out to pay for a car. The loan amount was £8000. I have £4000 remaining on the loan and have the money in savings to pay it off, which would leave me with about £3800 remaining in that savings account. My question is, should I pay the loan off early? Are there any benefits in…
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AA Loans (Broker) - Bank of Ireland?
Hello there We are considering a fairly small loan from the above company. Our experian credit matcher throws them up as being the best opportunity of being accepted (90%). Has anyone borrowed via them and can advise of timescale from online approval to returning loan agreement to funds being received in account? We are…
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Can't pay back loan. What happens?
Hi, can't pay back my loan, moving abroad permanently. Whats now? Thanks for answers
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Loans 2 Go - Direct Debit
Hi, I recently took out a loan with Loans 2 Go. On the Credit Agreement it stated that the first payment would be the 14th August, yet they have taken the money out today, the 1st August. I contacted them and stated that the agreement is for the 14th August, but they said I signed a debit card payment where they can take…
