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Loan/Mortgage advice please
Sadly my marriage has broken down and my wife wants me to buy her out . We own our house outright valued at approx 260K plus 30K savings . I need to find a minimum of 115k buy her half of the house and I'm not sure what the best option is. I am 53 in good health (touch wood) and would ideally like a pay back period of 15…
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Car finance query
Hi all, I am having a predicament with car finance options. Currently I have on finance an Astra GTC 2013 42k miles. Including insurance I am paying £300 a month roughly for the car. My intention however is to not keep the car once the finance is paid off. I am considering selling this car and paying off the finance so I…
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Hire after PCP
I'm not sure if that make any sense, but this is my idea of financing a Skoda car. With hire purchase I have to pay 5.9% APR(2100). With PCP there is 0% APR and balloon of 9.5k to be payed + 150 for contract. I wonder if I can sign a hire purchase for the final PCP payment? There is a high chance I could save 2000 in 3…
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Zola Loan
I have a Zopa loan and has loan people go they've been good. Except I'm trying to clear it early and they seem to be hindering me a bit. I have a DD for £136 paid to it every month. I want to add extra payments so I set up a SO for £40 as I'm freelance that's good because when I'm really poor I am still paying the £136.…
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Central trust
WARNING- do NOT use this loan company! I took out a 2nd charge loan with CT just over 2 years ago. I have never missed a payment and have not had any direct dealings until recently and god they are horrendous! I'm getting a 4th bedroom extension and en-suite build soon and my mortgage company have agreed to offer me the…
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Loans options HELP
Hello all, I am coming here for advice on what loans/options I could take. A little bit about myself - I am recently fully self-employed musician and music teacher and I own (no mortgage) a flat, which brings me rental income. My income per month, on average, is about £1000 with maybe about £100 deficit. I am in my…
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Very bad situation about a student overdraft maxed out & not touched for 5 years
Hello everyone! So I'm finally biting the bullet and wanting to sort out my Natwest student overdraft that I've not paid back or looked at for over 5 years. I'll try and keep this as simple as possible. Bear in mind that I know I'm in the wrong and I really wish I hadn't left things like this but because of mental health…
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Paid for a friend. Do they owe me?
A friend and I went on holiday and I decided to book some expensive activities for us to do there (£3000). At first I had said that the holiday activities would be my treat but our relationship broke down shortly after and I decided that I wanted the money back for the activities. My friend said they would pay me back but…
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Cut loan repayments
Hello, I am new to this site so please bare with me. I have a personal loan with the current outstanding balance including interest stands at around £4500, I am looking to buy a house within the next 6 months so ideally I would like to pay and close out my loan before that time. I have contacted my loan provider who have…
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Ripped off by an ex. Any advice?
Hi. A familiar story I'm sure but I thought I'd try anyway. Was going out with someone, her car died and because of her dubious credit history she couldn't get a loan. So I agreed to get a loan out for her and she'd pay me back (I know, stupid idea). Anyway, we broke up a few months later. Surprisingly she carried on…
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guarantor loan HELP
So i took out a guarantor loan out in April 2014 as i needed the money and couldn't get a loan elsewhere , my mother stood guarantor which wasn't an issue . The loan amount was 6000 and repayments where £248 a month over 48 months (yes i no the apr was high but at the time i had no option) Any way i have made continuous…
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Paying a loan can I
If I get a load accepted for 18,242 but my resettlement is 18,590 can i then pay off a capital balance of 18, 242, leaving the loan open with the remainder £348, which is less than the monthly repayment , which will end the loan then the next month this figure includes the repayment charge of £150,00 , the existing loan is…
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car loans
I have been told that that if I take out dealers own to buy a car & then pay off with interest free credit card before the 1st payment is due I will not be liable for any fees. Is this correct? thanks
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Does having PCP car finance seriously damage chances of a good interest rate loan?
I recently signed up to Credit Club here on this website to try and get a better understanding of my finances in preparation for a large purchase somewhere in the summer. Funnily enough this large purchase is a new car, one I’ve been budgeting for several years now and despite its price tag will be affordable for my…
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Paying off Barclays loan
I owe £5200 on a Barclays loan. Would they accept £4500 to settle it now?
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Unnecessary Vendor Insolvency Insurance
Mortgage lenders require purchasers to buy Vendor Insolvency Insurance because the Insolvency Act 1986 states that if an "individual enters into a transaction with a person at an undervalue" and subsequently becomes bankrupt, then a court can effectively reverse that transaction. If the trustee in bankruptcy claws back the…
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Interest refund on a closed loan
Hi all I have recently received two letters from my previous bank advising that I have been refunded 2 lots of interest on a previously held loans from them. My query is that I am almost certain that I never finished off paying the loans and am pretty certain that if this was the case then they would now be statute barred.…
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Loan/Mortgage/CC Help!
Sorry to post a new thread, I couldn't figure out if that was the right thing to do or not! I'm after advice about my current situation - any and all advice welcome. I know my debt situation is not good... I have a mortgage through Chorley BS with 100K left on it, and around 25K equity in my house. I have a personal loan…
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University Maintenance Loan
Hi all, I am in my final year of uni and to date I have not taken out the maintenance loan as it was something I didn't really need (the grant covered my expenses). I will be graduating soon on a salary between £21-£26k and therefore will start to repay back my £27k tuition fee loan (3 years at £9k). I read Martin's guide…
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How do I find out the owner of loans I hold?
Hi I was loaned some money by a company that is now dissolved. How would I understand who now owns this loan? I cannot assume that the loan is now void, but it's not clear how I go about finding out this information. Who should I ask? Thanks in advance!
