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Where to Go Advice Needed
So I have a poor credit rating and have just been rejected for a Capital One card for people with poor credit. I need something URGENTLY to get through Christmas. My house is sold stc and I'm due to get a big chunk of equity from it which I will use to pay off ALL outstanding credit I have (£30k approx). Do I have any…
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Seriously fed up
An elderly aunt has loaned money to nieces and nephews without obtaining written agreements for the money. They are paying her pay back monthly - can anyone tell me if this loan is cancelled if she passes away before the money is repaid or as she thinks it comes out of their inheritance.
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118118money loan
Hi Guys Wondering if anyone can help. I have been paying my debts off via stepchange and one of my debts was 118118money. I have been paying more than i have needed to on all my debts so they all finish well before the agreement. my 118118 loan was interested loaded at the start. however I'm due to pay one more payment…
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Getting a bigger loan to get the lower APR
Hi. Apologies if this is a silly question. I've never taken out a loan before. I am looking to apply for a £3,000 loan, payable over 5 years with a 26.3% APR. However, if I borrow a larger amount instead – £5,000 – the APR drops to 14.5%. Question: Assuming I'm eligible and can keep up the repayments, would there be…
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Student Loans
Hi, When I finished studying in 2008 , I walked away with quiet a considerable student loan debt. The trouble is when I left college for uni around 1999, I belive this was the first time I took out a student loan but not 100% sure. From this day I don't know how much I have borrowed up to 2007. What I do know is from 2008…
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Car Finance/Lease With Defaults?
So when I was younger, I was a complete tool with money. Long story short, I have about 6 defaults on my file. I'm currently on a Debt Management plan, with only about £7,000 left to pay off. Still a fair amount but I'm getting there. My issue is, my current car averages about 30mpg (even less on short journeys), costs…
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Loan Not Settled Due to 'Technical Error' of Company
Hi all, Coming out of the woodwork after a stressful day. I took out a personal loan towards the end of the last year. This summer I returned to university as a Postgraduate student, and the Bank of Mum and Dad very kindly settled my loan for me using my dad's bonus, to give me a clean slate. Or so we thought. This…
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Incorrect Details on Personal Loan Agreement
I took out online a personal loan with my bank Halifax in December 2011. I recently wanted to check the details and so last year, I asked the bank for a copy of my credit agreement. They supplied with with a basic office copy ie black and white. No signature as it was done online. Incorrect address on loan agreement, plus…
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Loan vs Renting my House
So i have purchased a property (4 months ago) that I am living in and have informed my bank of this. I haven't got round to changing my Electoral Roll as yet and now I have been offered a job abroad (Australia). I want to get a loan out to cover some expenses prior to this but I am confused on a number of things: - If I am…
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Variable Rate Never Goes Down
We have a secured loan on a variable interest rate, which in 10 years has never once reduced, despite the massive reductions in the bank base rate. As any form of refinancing is out of the question for us, I thought I would tackle the loan company on the subject today. They insist that their rate is based on the rate that…
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How to Borrow 150k?
Hello! I am looking for advice on the best way for us to borrow about 150k to buy a property. Me and my wife own a cafe which is our only source of income - the past 3 years accounts showing profits of approx 20k - 2014, 30k - 2015, and 40k - 2016 (2017 looking to be about 45k) We have 50k savings and are looking to buy a…
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Which is best? Loan, credit card or garages own hire to buy option
Hi, My daughter really wants buy a new car but want to know which would be the best option for her financially. I know it's not best to get any loan at all but she does need a new car. Bank loan The garages loan (think normally a higher rate) Credit card Hire to buy option(not sure about this) She has looked into loans but…
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Personal Loan Advice
I'm wanting to apply for a loan and would like to increase my chances as much as possible but am confused regarding my current living situation. I reside in a privately owned flat in London, which is owned by my legal guardians. I am 32 years old and live in the flat on my own, for which my guardians do not charge me rent…
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6 year debts
If a debt was defaulted at least 6 years ago does the debt disappear, no longer exists? Even if I've been paying the DCA a minimum monthly repayment since the default? If so how do you improve your credit rating?
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erudio
Hello, I’ll try to not make this first post too long without leaving out any facts that may help people respond. So much information out there it’s about time I got some proper advice rather than conjecture. Is erudios new ‘loan has matured, full payment is now required’ letter simply their current harassment letter doing…
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Urgent Help: 3 year old POS Fraud
Hi, 3 years ago I had a point of sale loan taken out in my name with Barclays Partner Finance after having my wallet stolen. No goods or services have ever been received in relation to this agreement. This was reported to both the police who advised to log this on the action fraud site and a reference number was issued.…
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Nram unsecured loan
Hi Has anyone delinked their nram loan (going on to a ridiculous rate 12.48%) and successfully found a new loan to swap it to? We will have around 20000 outstanding and would like to find a loan over 60-84 months in stead of the outstanding 15 years. My concern is that's a large some and as we will already have the nram…
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GAP cover payment to finance company
Hi All - hoping for a bit of advice please. My DS has taken out HP on a vehicle over 30 months. The finance company have done a follow up call today about him taking GAP cover for a one off payment of £199. My questions are - What is this all about? My understanding is that it will cover the difference between the…
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Loan after defaulting due to disability
Hi all, 4 years ago I defaulted on a loan due to an unmanaged and recently diagnosed disability. I am now thankfully sorted, the debt is paid off and I now run a successful business. A few weeks ago I contacted my bank to ask for a £20,000 loan of which I can prove affordability, but unfortunately this was refused due to…
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Help! loan to consolidate another
Hi all All I'm looking for is some advice how to reduce paying my hard earned money to these lenders for nothing! (I mean't to say little less interest, not 40% interest) I took a personal loan for personal reasons back in May! Its for £20000 with Barclays, repaying £750 every month , sums up to paying £7000 as interest…
