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Loans

Archives for December 2016

Paying off PCP car finance
Hi, I have a 4 year PCP and got a settlement quote 1.5 years in. The balloon payment is large and I'm thinking of keeping the car at the end of the term. BUT I don't want to continue paying 4.8% APR on this. The lady that provide the settlement said if I pay of over £20k today it will save £2k in interest which does sound…
MA financing suggestions please
Hello, I have been offered a place on a 2 year MA course for which work initially suggested ‘would cover the tuition fees’. The offer was revoked due to budget cuts so I deferred for the year and am now hoping to fund the course myself (commencing sept 17) but am becoming increasingly pessimistic the closer the start date…
alternatives to re-mortgage ?
Hello all, My two-year fixed mortgage is coming to an end; the outstanding balance is about 15 grand. I am looking for alternatives to finance the outstanding balance and planning to pay it back in a year. I have considered the following solutions: -Remortgage: this is very expensive as I cannot get any mortgage with cheap…
MSE News: Sainsbury's Bank launches cheapest-ever standard personal loan at just 2.8%
The low rate is available on loans of £7,500 to £20,000, provided you have a Nectar card and repay within three years...Read the full story: 'Sainsbury's Bank launches cheapest-ever standard personal loan at just 2.8% APR' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how…
Aviva Equity Release
A friends Father passed a way last year. He took out an equity release loan in the early 2000's with Aviva. To pay this loan off the family now have to pay £180,000 plus interest which is accruing to Aviva at £37/day since his death. I am hoping you might be able to help me with a couple of questions. My questions are ; Is…
private Loan
My Ex wife asked me to lend her £2000 so that she could afford to get her husband cremated etc after his death from Cancer, she said she would repay the money withinn 2-3 months. She has since re-married and has now said that she doesn't have the money but will re-pay me when her husband has sold his house as they are…
Loan Fees- Do I have to pay them?
As per my previous thread I have applied for a few loans and they were all approved (in principal). I ended up not needing them so I have cancelled them before they were officially approved.. I am a little nervous I am going to be charged a fee for the application process. Is there a way around this? E.g opening an new…
Non-verified Loan Applications
Hi all, First post on here.. Had a few issues the other night (all sorted now) where I needed some money quick. I applied for a few loans with the expectation to pay back in the next couple days. The loans were approved (in principal) and they just needed me to 'verify and accept'. However since I no longer need the loans…
Consolidating loans?
Hi, I'm hoping someone here could help me. Myself and my husband have a 7,000 loan that we took out overseas that we are paying back every month still into the overseas bank account from the UK. We also have a 2,500 loan that we have here in the UK that we pay back every month also. We are thinking of getting a larger loan…
Student loan -at my age!
Hi, I need to change career (from NHS) due to lack of family time and childcare issues (husband also works shifts). I am thinking of doing a Masters in Public Health or Computer Science as I am interested in a data career (clinical, if I can get it). I was looking at doing a PGCE but the cost of the PGCE is twice the price…
Student loan problem
Hi everyone, would really appreciate some advice if anyone can help, always read good info on here so I hope so. In my last two pay cheques I've been docked student loan payments. I started uni in 2003 and applied for a loan, as far as I remember it was accepted, but I never took the payment. I can't quite remember how the…
Loan accepted but would like less
I've applied for and been accepted for (subject to signing and returning paperwork) an RBS loan to buy a new (to us... but used) car. The monthly payment is more than we expected (which is silly because we could easily have divided the loan amount by 48 to get an idea of preinterest payments) anyway, we have since…
Loan accepted but u would like less
I've applied for and been accepted for (subject to signing and returning paperwork) an RBS loan to buy a new (to us... but used) car. The monthly payment is more than we expected (which is silly because we could easily have divided the loan amount by 48 to get an idea of preinterest payments) anyway, we have since…
Paying for Cosmetic Surgery
Hi all, Planning to (hopefully) book a procedure next year that I've had my heart set on for a few years. I have a decent credit score, no major debts (except student loan) but thing is, I have no savings since I ate through it whilst being out of work this year. I'm now working and would like to book my surgery within the…
Paying off loan using balance transfer card?
Hello One of my goals is to be finance free by the end of 2017. I currently have around £10500 finance left from when we bought a car at the end of 2015. The interest rate for this finance is 5.8%. We're paying this off in monthly instalments of £267. If I pay early I believe I can remove a lot of the interest and only…
Student loan demand after dropping out of University
Hi there guys, my son decided that University was not for him and came home the second week of December 2016. He has just received a demand (request) for an overpayment of Maintenance Loan of £337.12 which is due immediately. They do however offer to discuss the matter and work out a repayment plan. Unfortunately my son…
Career development loan
Hi all- I wondered if anyone had any advice about the best sources of loans to help fund a career change? I've been offered a law training contract by a top London City Firm (which is great!) but it means 18 months of full time study. I have a mortgage and childcare commitments which means that we'd somehow need to find…
Joint loan with Halifax wanting to pay off with another bank. Advice please.
Hi everyone... but always follow mse. Myself and my wife want to borrow £15000 from another bank as there interest (apr) is cheaper than what we are paying at the moment. Question is can we do this to basically consolidate that dept with loan. My credit score is excellent and my wife's. We have a relatively low mortgage. I…
Opos/Kapama
Hi post deleted
Avant Credit Complaints
I am currently having issues with Avant Credit. There complaints department is completely useless. Does anyone have any email addresses for any of there Senior people? Also has anyone had issues with them?

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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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