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One off overpayment to reduce monthly payments
Hi can anyone help. I want to buy a car. I'll be paying for it with a 3 yr 10k loan, 10k cash and part ex. The 10 k cash is coming from a job bonus. The only problem is that my job, in its wisdom, has just decided that it will pay half now and half at some point to be determined between now and February .... I don't want…
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Urgent advice required
Just wondering if I could get some urgent advice on how best to proceed in regards to a car finance debt agreement that I had with a company back in 2016. I am willing to pay them back the amount of £4114 that I owe them but they are unwilling to compromise with the reporting negative information with the credit reference…
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Loan to pay a mortgage
Hi. I'm currently on an income of £6,500. I am thinking of buying a house valued at about £70K, but which I can get for about £20K. My credit rating with Experian last time I looked was 999. In about a year from now I expect to be self employed. I'm 60 years old. As I understand it, I'll not be able at present to get a…
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MSE News: Payday loan price cap will remain
The price cap on payday loans, which means people will never have to pay more than double what they originally borrowed, will remain - but more must be done to tackle unrranged overdraft fees, the regulator has said...Read the full story: 'Payday loan price cap will remain' Click reply below to discuss. If you haven’t…
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PCP deposit
Hi I'm looking at a PCP deal for the first time having previously paid cash. I can't get my head around the amount of deposit to put into the deal. There is conflicting online advice with some saying put in the minimum amount and others saying the opposite to reduce the amount of interest paid. Is there an "ideal" amount…
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Best way to pay off Legal Aid loan - loan to pay off?
Hi I am querying for an retired gentleman that I care. He has an outstanding debt of £7,500 to Legal Aid following his divorce over 20 years ago. He has been gaining interest on this loan since then. He has had a letter from legal aid saying that 'interest is currently being charge at 8% per annum and is added to the…
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PCP end of contract question
My PCP deal recently ended just over a month ago and I handed back the car and went with a different company on hire purchase for my new one. The BCA people came and assessed it for £207 of damages which I agreed with, later that day they picked up and I've heard nothing since about paying the damages. I rang Toyota…
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New loan credit checked me twice
I recently purchased a new tent on 10 months interest free. My credit rating was great so knew I would be ok. Problem is it has now taken a dive and looking at Noddle it appears that the company checked me twice one after the other. The second one says administration check. Is this what could have changed my score quite…
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Identity Fraud
Hi, I'm not sure where to start with this. I have bipolar, diagnosed two years ago. In this latest manic episode that I'm currently off work sick with I have become a gambling addict and have resorted to taking payday loans out in my partners name to fund the habit. I'm deeply ashamed and have told him everything as I can…
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Halifax Online Loan - "Personalised Quote"
Hi I got an offer from Halifax when I logged into my bank account. It basically said I could be eligible for a personal loan and there wouldn't be a credit check to get a quote because I was already a Halifax member? How does the Halifax Online Loan thing work? If I fill out the "how much" and "over how long" boxes and…
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Car loan dilemma please help
Ok guys, So I currently have a car that I bought on a 5 year finance HP. I currently pay £200 per month at a rate of 5.59% and have £8800 left to pay with an early settlement figure of 7490. I have 3years 8 months left on the agreement. My main question is that I am looking at the best way of saving costs but not sure how…
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Low rate load for poor credit scorer
I am posting this on behalf of a disabled neighbour, as I have exhausted all ways I can find help for him ... He has a credit card with a balance of £3500 on it, bug yesterday he got a letter to say the APR was rising from 37.2% to 44.9%. If you are wondering why he had the card in the first place, I can't answer that, but…
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Mortgage and Good Salary but can't get a loan
Hi there due to my poor credit score I have been turned down for any consolidation loan I have applied for. I have about £40K equity in my Property, I have a full time job with a good Salary but any company I have tired doesn't take these into consideration they just look at my credit score. I am struggling to make…
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UK loans for EU residents who are British citizens
I was just wondering if any one knows of any UK institutions that will give a loan to a British Citizen living in Europe? My salary still goes into my UK bank account as I am not out of the country permanently, but from what I've seen, the majority of banks etc won't give me a loan because my current address is outwith the…
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Advanced learner loan
Hi all, Not sure if this is the right place to post this. I have changed career, and am seeking to undertake further study to facilitate that. I have achieved a Certificate in Assessing to become an NVQ assessor, and wish to study further - possibly a BA or an MsC or similar. I have a BA (unrelated to current career) and…
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Lloyds bank loan
Hi all. I have a loan with Lloyds bank with around 7k owing. I am in a position to pay loan off. If I pay early I have to pay 2 months interest on top. If I made an additional payment of say £25 short of the balance, would I get away with the additional interest payment, and the last payment of £25 would close the loan?
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Confused about secured loan repayment options
Hi I took out a secured loan last year to pay off some debts incurred during my divorce. This included paying for a degree and a car to give my self a career and better opportunities for gaining work/income. The secured loan repayments are only £203pcm over 10 years but the rate means I'll be paying a phenomenal amount of…
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Will a provident loan affect getting a credit union loan?
Hi, just wanted to know if having a provident loan that has been paid off for a while now will affect my ability to get a credit union loan? Thanks :j
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Loan Appeal Success question
Hi posted last week about loan appeal success stories/experiences as my loan had been declined. I appealed last Thursday and they have accepted my appeal, however not the rate I wanted which was 2.9% and has increased to 8%. I'm not 100% whether to accept this offer due to the increase in percentage but my chances are…
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Loan guarantor
Just after a bit of advice. Long story, won't bore anyone with the details, but my son is intent on purchasing a car via a bank loan or some other form of personal finance. He has no creditworthiness & in the event he needs a guarantor which I strongly suspect he will, I've already pretty much told him "no chance", but…
