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PCP v Mortgage
Just taken another 3 year 6.7% PCP contract for c. £17k. Monthly payments are £280. Will probably do the same as my last 2 PCP contracts i.e. trade in for a new car after about 24-30 months. We also have a One Account Mortgage at 3.85% which has about another 5 years to go (finishes on my 70th). We are paying (£150/month)…
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Buying a new car
Hi guys, I would be really grateful for some advice. It's time like this when I wish my dad was still here!:rotfl: I paid off my car just over a year ago. It's a 2009 with 58000 miles on the clock. I've just paid a little money to get a repair done but they have said they are predicting a big repair coming up and have said…
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Question on extending loan term to reduce monthly payment
Hi, I'm sure this type of question has been asked before but I couldn't find anything - apologies if there are already threads on this topic! I took out a loan with Sainsbury's last September of £11,500 for 5 years. The monthly repayment amount is something that I can manage but only just - as I have had to relocate to…
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Nearing the end of pcp
Hello, Has anyone had any last experience of something similar... I purchased a Mercedes a class in oct 2014 on a 3 year pcp deal. £320 a month plus lump sum at the end. Now for the first 18 months I made the payments on time but had a few financial issues the last while where I missed payments but always made them up the…
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Re-Financing Existing Loan
Hi guys. I just wanted the opinion of you guys on here as you seem to be the most knowledgeable people around when it comes to this sort of thing. I have an existing Halifax loan which I took out only 3 months ago for £25000 at a rate of 16.9% (ouch) for 6 years at £538 a month. I used the money to clear all my credit card…
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Loan for Business.
I'm 19 years old and would like to apply for a loan for a sort of 'start up' in a pub. Me and my two friends (whom are both in their 30s for clarification) were thinking of leaving our current position in a pub and investing in our own chain-owned pub. However in order to do this we would need to invest around £10,000.…
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PCP-trade second thoughts question
Hi, My current car is 2 years into being paid of a 5 year deal to own the car. However the dealership I got that car from had an event which I went to and I have signed up to get a new car (pre-registered) on PCP and trade in my current car. However I think I was swayed by the salesman into making a rush decision and I am…
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Blackhorse car finance
Hi, I recently applied for car finance with Black Horse through a dealership. Today, the dealer said I need to ring Blackhorse to provide more information. Does anyone know what sort of information they will need from me? Thanks :)
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Car Finance Refused
We brought a new car last year on finance. Just after Christmas a car run into our parked car and to cut a long story short the insurance has deemed it a write off. Luckily the payout covers all but £135 of the finance. Our problem is that the dealer we brought it from, eager to sell us another has done a credit check for…
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How far in advance for a loan?
Hi, Need to get a loan to pay off car PCP on 14/5/17. Strong credit rating so getting the loan won't be a problem. Intending to use Nationwides price promise of 0.5% off best rate which at the minute would be 2.9%-(0.5%)=2.4% for £9000 over 48months. Question is - I don't need this money till 14th May. I want to get this…
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Parents applying for student loan after redundancy
We will be resubmitting student loan applications for both of our children next month. This year, loans will be based on taxable earnings in 2015/16 during which time my husband received a tax free redundancy payment and tax free pension fund cash. Will we have to declare these one off payments and will they affect the…
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Should I pay off pcp with better rate loan?
We recently bought a used qashqai on a pcp. The car cost £14600, and the monthly payments are £250 per month for 48 months with a final payment of £5987. Therefore by my calculations over £3k interest. The interest rate is a big 7.7% apr. There appear to be no charges for early repayment and I think we can borrow the full…
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Equity release at 50 yrs
Im in a short term situation of needing some money. I am in a temporary job, looking for permenant. I am 50 yrs old. I am recieving 17,000 T the age of 55 and i am going to equity release on my home. I have no children to leave myhome to so i intend to spend it.ijust need some money till then. Howcan i go about this?
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M&S Loan paid off by Credit Card
Hi I have a loan with M&S for just under 4K and want to take out a long term balance transfer credit card and pay it off with smaller amounts than I currently am. Plus I should save money on interest also Does anyone think this would be a problem ? Also can I just give the credit card people my loan reference to make the…
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Iht loan owed by beneficiary
My father died last year and his estate passed to my mother. One brother has had loans in the past that have to be made up to myself and brother on my mum's death. These loans were made over 7 years' ago. Will the loans be added to the estate, as I fear they could put the estate into the IHT 40% bracket. If it does, who…
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Voluntary Termination of Peugeot Finance, what can I expect?
Firstly if there is a dedicated area for car finance posts, I apologise that I didn't put this there. I couldn't find it! Anyway, nearly 3 years ago I bought a Peugeot 3008 from a Peugeot dealership. The car was 4 years old at the time (registered 2010), and I took out a HP agreement on the car for 5 years. After the 5…
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Everyday loans
questions to anyone that knows anything about EDL's I have never had any dealings with them, but my husband has, his ex wife took out and extended a loan whilst he was in hospital without his knowledge. Anyway, we have managed to get the interest stopped on this loan, but we struggle to get statements, last time I looked…
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Loans for an 80 year old
Hello Long story short. I need to look into getting a loan for an 80 year old. The amount is about 25-30000. Before I go off spending hours upon hours looking, would I be wasting my time? Could anyone point me in the right direction please?
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Worrying letter... Can Drydensfairfax take me to court for a 1996 Student Loan Debt?
Hi, I've just received a very worrying letter from Drydensfairfax Solicitors telling me they will take me to court on behalf of Erudio if I don't contact them within a few days. Can they do this? The debt is from when I was a student in 1996, from The Student Loan Company. I haven't corresponded with The Student Loans…
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Whats the general affordability rule for a loan nowadays?
I've read somewhere that it's 50% of your surplus income after expenses, and 50% of your yearly salary. So if you have £500 surplus income every month, you could borrow upto £250 every month. Plus if you earnt £20,000 per year, you can borrow upto £10,000 Can't remember now where I read it, but does anyone know if this is…
