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Lending to family - contract needed if repayment based on future house sale?
Hello, I'm considering lending money monthly from my income to my wife's parents to help pay off their mortgage into their retirement. The house will be left to my wife (and sibling) so the money should come back to us this way. However I want to avoid a future hypothetical situation whereby they could be required to sell…
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Advice Required - Trying to reclaim payday loan interest from Lending Stream.
Hi All, I am a recovering gambing addict, who was a really good at saving, never in debt but when got into gambling just over 10 years ago I have now ended up in about 18k worth of debt. I currently have 5 credit cards all close to limit. 1 Store card. 1 Very account and currently 6 different payday loans with different…
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To switch, or not to switch?
Hi there I have a friend who currently has a loan that by the end of her term will have cost her £11500. She has 40 months left at the moment and pays I think between £270-280 a month. APR is 7.9%. She has tried to get the 2.8% with Sainsburys but has been offered 7.2%. They want £302 a month over 36 months, which means…
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Loans against mortgage
Hi i have negotiated £50 amonth off my nat west mortgage of £85000 with a valuation of £24000 on the property..i have asked if i can get a further £32000 against the property to consolidate existing loans and credit cards..as i have worked out the repayment amount they offered me in total would save me between £150 and…
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MSE News: Graduates facing hike in student loan interest from September
Millions of graduates will pay more interest on their student loans from September...Read the full story: 'Graduates facing hike in student loan interest from September' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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My experience with Tesco loan application
Hi guys. I applied for a loan through Tesco last Wednesday for 25k over 7 years. At the end of the application I didn't get a decision. They said they would get back to me on 48hrs. So my thought would be a no. Friday I get a text message from them saying it was approved and the agreement will be sent in the post which I…
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TSB Loans
I've been getting the runaround from TSB. Although you can apply online you NEED to confirm details by telephone. However this is only available during working hours AND even then there are a limited number of 'lenders' who 'may' be available. There are NO call backs. I've called three times today to no avail. It's not…
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Debt Consolidation Loan - Recommendations?
Hello to you all, I would like to know if anyone can recommend from their own experience any companies that they have used or any that they are aware of that 'specialise' in Unsecured Debt Consolidation loans? (I am not a homeowner) I have a few small loan balances that I would like to pay off with one consolidation loan…
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Can someone explain APR
I took a loan out for £7000 for a car and have paid back so far £10,700 and still owe £4000 ...it said my annual APR is 33% ...but looking at it it seems I will be paying back 100% £7000 actual amount and £7000 interest, is this correct or can someone explain to me please . Thank you
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advice please
I had to buy a house quickly a year ago - I have a £90k mortgage having put£75k down. At the time I had 20K savings. However after a back injury at work I only have 8k left. I need a new bathroom , I need new windows and I would like a new kitchen. To do all 3 things I've estimated I need to find around another 12k . Do I…
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Student loan company
Hi, everyone, this is my first foray into the forums so please be kind:) My son graduated with a 2.1 last year, 2016 after attending a 3 year course, all well and good and we are really proud of him and his success. However, I was recently shocked to discover that as of April 2017 he already owes £5k of interest plus the…
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Wedding loan rejected - how to improve?
Hi everyone, I recently got engaged and wanted to take out a 10-15k wedding loan from my bank. My partner and I already have a 2k loan with them, which we took out a couple of months ago, to move house. I also took out a credit card a month ago (for the unexpected house move). Hence, we've been told they can't offer us…
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Settling a car finance agreement
Hi, I'm hoping someone can help. I am looking at settling my car finance agreement early, but I have noticed that my interest on the agreement is a fixed rate. I am 10 months in to a 42 month agreement so will I have to pay the full amount of interest if I am settling early due to it being fixed or will this be deducted?…
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Loan Repayment
I currently have a loan with 7k remaining to pay off. The loan is at 19% interest, my monthly repayments are around £250 Yes I know this is bad...... I am going to be paying off £1000 a month, I'm just wondering the most effecient way to do this: 1. Get a new loan at 3.9% and spread it over x months 2. Save £1000 a month…
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Repay Loan early - work out cost? (Hitachi)
I'm considering accepting a £10k loan with Hitachi Finance, over 5 years/60 months, at 10.5%. Monthly repayments £212. (This is the best rate I have been offered.) For various reasons, I fully expect to be able to pay this off early though - possibly in as little as 6 months, but I do need the £10k now! Hitachi's early…
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270,000 Wonga customers hit by possible data breach
The payday lender is investigating an "illegal and unauthorised access" of customer info including bank account details...Read the full story: '270,000 Wonga customers hit by possible data breach' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our…
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Student loan
Hi After a long war of attrition I have just agreed a settlement of my outstanding student loan which I am very happy with, however although they have accepted my offer in "full and final" settlement they say they will record it in my credit file as partially settled. I smell a rat!!! Is this legit? Simple student
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just had a CCJ isued against me
hi guys, so i received a letter from the courts about a credit card debt with capital one, its lowell who claimed it and i need some advice, im pretty sure the debt is statute barred as in i have not ackowledged the debt or paid longer than 6 years ago, the last time i paid was a token payment that was longer than 6 years…
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Old Cahoot Flexi-Loan
Hello everyone. I'm finally getting round to paying off my Flexi-loan. I took out a Cahoot Flexi-loan in 2002 and was paying monthly until I was taken through a Family Law court case from February 2007. First, my old flexi loan from Cahoot is in default with now Santander. I have not paid this loan for over 10 years. I…
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Request an escalation with bank??
forget it thanks- this forum is a back-slapping thanks fest for regular 10,00 plus posters. sigh
