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Consolidation loan
I was hoping to get some advice on my financial situation. I was addicted to gambling from 2011 . I did loose a lot of money and have taken many loans , payday loans etc but have paid all back no. I am clean now. I work in a high pressured environment and earn around 2400 per month . However at the moment I have debt of…
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Is a loan the best option for me?
I am currently in my overdraft (and have been for a few months) which has a limit of £1500. I do work full time, however even when payday comes around I am still in my overdraft. I'm a tenant and I currently pay £350 p/m for rent not including bills (roughly an additional £150 pm). I'm trying to find a way to make my money…
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Littlewoods/Very pay monthly help
Firstly i would like to apologise im new here & have no idea if this is the correct place of posting. I am looking to buy a iphone 7 on a pay monthly plan (just the phone, no sim), these websites are willing to offer me (part) £600 credit, if i accept this credit am i obliged to any payments if i decide not to buy (as im…
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Advice needed on over payment on loan vs mortgage
I am hoping to focus on my spending during 2017 and pay extra per month on either my car loan or my mortgage. Both i am able to pay extra towards. My query is, do i pay it towards my mortgage (owe £155000, 31 years term left at 3.14%) or my car loan (owe £6800, 18 months left at 4.05%) or keep saving at 3% with tesco. I…
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Student loan or no student loan?
Hello, First time poster here, so apologies if this is in the wrong place/been asked a million times etc. I'm just looking for a little advice... I've hit some confusion regarding student loans. I graduated in 2008 and have around £12,000 left to pay off my student loan (it's one of the ones that is wiped out when you turn…
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Sofa interest free credit
Hi, I bought a sofa today and although I could afford to pay for it upfront I decided to go for 4 years interest free finance because there seems to be no downside. Interest free finance seems to be offered by all the big sofa players on everything in the shop equally. Can anyone explain to me how this business model…
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Loans or Savings?
Looking at financing a car and could cover all cost via savings but do not really want to strip out all my reserves. Given that there are loans at approx 3.3% or 3.5% and my Santander gives me 1.5%, there is clearly a cash differential on £15k but what is the perceived wisdom? Loan now or commit funds and rebuild over 2…
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Car Finance through bank
Is car finance through the bank, more specifically, one of the car finance plans through Halifax, the same as regular car finance, in the sense that you can't sell the car as you don't own it? If I remember correctly, the bank gave me the lump sum and I transferred that to the car dealer. So I wouldn't be able to say for…
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Student Loan Query
Hello & thank you for your time. I have recently had to submit a Self Assessment Tax Return for a crazy small amount of £135. On doing so I was asked to pay back £355 in tax/student loan repayments. Of this £290 was student loan repayments. I have worked full time for the last 9 years since leaving university and made…
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Is my VERY OLD student loan still active?
I finished university in june 1997 with a lot of loans from the student loan company. I contacted them in 1999 with my new address. I then moved and have never contacted them since. Is the loan still active? I have a very low income and would be unable to pay anything anyway. If I ever owned a property, would they be…
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Don't understand my loan offer...
Hello, I applied for a loan of £25,000 and I have a loan offer. The interest rate is higher than I'd like, but because I haven't lived in the UK for 3 years, I'm reasonably OK with it. I hope to be able to get a lower restructuring loan in about 6 to 12 months. My questions is this: if I pay back the loan in full after one…
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What type of loan do I need
Am thinking of buying my old parents house, very large garden. I want to divide the land in half and build new house at the side, and then sell the original house and land. Will require a loan of about 200K to build the new house which I think can be paid off when the old house and land is sold. What kind of loan would I…
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Car finance
Should I extend my car finance before the current agreement is over? Audi are offering me a new deal 5 months ahead of the end of the current deal ending and they saying this is a limited time offer which has made me suspicious! Any advice appreciated. Tony
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Accepted for a loan - Credit Rating affected?
I'm looking to buy a new car with a £25k loan over 7yrs as the rates are so good. I have run an eligibility checker & I'm 90% likely to be accepted. My question is that my 2yr fixed rate mortgage is up in August 2017 & if I was to re-mortgage then would my chances of getting the best deals be affected? My LTV is very good…
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PCP: what should I do?
Hi all, I have a PCP agreement with FCA Automotive Services (through Fiat Financial Services) on a Fiat 500. I started in June 2014 on a 4 year contract, giving me 1.5 years left to pay. My partner and I are now expecting (yay!) and need to get a bigger car and get shot of this one. I have seen that I can do a Voluntary…
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Loan to consolidate another together
Hello guys, I've already posted about my situation in other post here Would like to ask another query, see the possibilities? Me and my wife, we both earn roughly £66 k PA before tax with full time jobs Credit cards : 3 Available credit - £7750, Used only up to £600 max and paid back by end of month together Loan 1:…
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Loans - Early Repayment
Hello, I need your advice! I need a short term loans to help finance an extension (approx 1/3 of the total cost), then will re-mortgage on completion. I want to keep the monthly payments down as low as possible. Tesco 8.7% - 30,000 over 10 years. £270 pm approx. Early repayment up to 2 months. This is the best rate I can…
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Need Advice
I took out an unsecured loan with Halifax online in December 2011. Due to unforseen problems, I had my income reduced and went onto an IVA. To cut a long story short, last year I wrote to my lender for a copy of my credit agreement and I have some concerns with what they provided. This is as follows:- 1. Incorrect address…
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High levels of debt- need to consolidate
Hi, Would really appreciate your advice or help! I am 27 and I earn a decent income, unfortunately due to debts that have risen over the years through balance transfers and consolidation they have gone higher. I have 22k in debt, Breakdown: £1000 on barclaycard, 10800 on MBNA platinum, 5000 on lending works loan at 9.9%…
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Misdirected loan from Student Finance
Can anyone offer any advice or experience on a misdirected payment from Student Finance? Briefly, my daughter transposed two digits on the account number she gave Student Finance and they sent her term's loan/grant of £3,200 to a third-party. They were told of the error on the 29th of September. They claim they sent a a…
