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Family Loan
Hi my daughter if buying a property and we want to help her with a loan towards the deposit, she says it can represent an equity loan as a percentage of the house price and when house is sold will be valued at the then market value. What are tax implications on A. lending the money and B: the repayment
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Applicant in Scotland - Guarantor in England?!!!
I will give you a brief background but basically have around £6k debt from years ago that I have buried my head in the sand about and finally decided to take control of things. A lot of debt was from an abusive relationship years ago (can't prove that it wasn't my debt!). Not sure if this is why its taken me nearly 10…
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Pcp settlement mistake
Hi. I had a pcp agreement started in 2014. 2 weeks ago I received a letter off the company saying that the agreement had been settled and they no longer hold a financial interest in the car. This was done in error on their part. Where do I stand legally here? The company are holding their cards close to their chest, I…
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Payday Loans that do soft credit check?
I've been using myjar and quickquid for some time and they have been great to me however I been wondering if there are more payday loans that don't do hard check on you but only a soft check just like them two. My type of business at times needs sudden influx of cash and since I get paid weekly from clients I've been using…
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Loan Declined - appealing
Hello, I'm new here and looking for advice experiences etc. I'll try to keep it short. I applied with sainsburys yesterday 10k over 5 years. I'm looking to consolidate the existing £400 I have with sainsburys, Very of 500 a car purchase of 7-7500 and the remaining on home improvements. My credit score I'm not sure if…
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How likely do you think I would be able to get a loan?
Okay, I know nobody will be able to give me an actual answer here. Just trying to figure out how likely, or unlikely I'll be able to get a loan to finance renovation on my first house. I got a new job in October last year, I'm only contracted to 25 hours a week, however I've never actually worked that few... I think the…
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Please help, owed money, need it back!!!!
Hi. A very long story, I'll try to make it short. I lent £1320 to my boyfriend, who promised to pay me back. Since he was paid, and was due to start paying, he has gone completely off radar. He lives an hour away, and I have kids and can't get over there to see him. He has completely ignored all my calls and messages for 2…
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Adding money to a loan
I already have a loan of approx £5000 with 2 years left. I need to borrow another £1000 for various reasons, but don't particularly want to take out a second loan alongside the first. Is it possible to 'extend' a current loan, extending the length of time of the loan (perhaps reducing monthly payments?) or would it be…
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Car Finance settled
Hi, First time posting here and I was hoping for some advice. I once had car finance (provided by Black Horse) but the car was stolen and never recovered. There was an issue with the insurance (my partner at the time was older than me and set up the insurance policy but in doing so claimed, inadvertently, to be the legal…
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Best approach to order my finances, get loan without affecting my credit rating
Hello Fellows, I am willing to get a single load for my house refurbishment. I have got two credit cards opened: - GBP 5500 limit (4.500 to pay) - GBP 2200 limit (1100 to pay) and one credit: GBP 3000 limit and 1400 to pay + overdraft of GBP 700. Today I paid them all (everything: including credit and overdraft) with my…
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loan and credit card mental health
hi I got a loan off 4k and a credit card a few months later 750 limit, I owe now 4k for the loan and its in 500£ arrears I haven't paid for a few months and the credit card just goes up. I have had serve mental health issues for 10 years and stand on the side of they should not of givin me the loan and the credit card I…
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Car Finance Confusion
Hi, Apologies if this is meant to go somewhere where else on here; first time posting! Just looking for a bit of general info as I am confused. Yesterday I applied for car finance from a local garage to obviously bury a car! I got a text yesterday afternoon from the garage to say my application for finance had been…
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Voyager Alliance Credit Union account Blocked
Hi Guys Just wanted a little advice. I recently took out a loan with Voyager Alliance credit union. Which I was having £25 per week taken from my wage, £10.82 of this was being used to pay the loan with the rest sitting in 'Available Funds' Due to a recent unexpected repair bill I had to find as much money as possible as…
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Overdraft
Anybody know what the new charges will be on Club Lloyds i have £1500 as my limit only had it 2 months people are saying £50 a month surely not!!!!!!!!!!!!!!
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Student Loan Repayment in Wales - Lower sums
My two sons owe £15,000 and £10,000 respectively for various reasons on their student loans, yet reading the advice on repayment, the sums being used in the advice appear to be much higher. Both live and have studied in Wales. One has completed a degree (the £15k) and one has only completed year one and is not returning to…
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doesnt make sense
I took out a loan of 25k with Barclays for 5 years with an interest of 6.17%. I been paying £485 a month for past 3 years and got 2 years to go and my outstanding balance is £11360 now. I called Barclays with an early settlement figure and they told me it would be £11420 (so £60 for early settlement fee) but when I…
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Appeal a loan decision
Hi. Has anyone appealed a loan decision and been successful? We were declined for a Tesco loan despite excellent credit score on Experian and 80% chance of acceptance on the soft search tool. :( Thank you!
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Good Credit Rating, Low Debt, High Income, still can't get a good loan
Hello, I have been having some trouble trying to get a loan with a decent apr, I have approx £2000 of credit card debt that is 0% interest currently and that's it. My credit score is excellent and I have an above average income in a professional job, but yet still I can't seem to access the low advertised rates. Is there…
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Can I pay off a secured loan with a personal loan?
I took a secured loan out many years ago - yes, it was a big mistake and I still would need to pay more than my original loan amount to settle early. To save a lot on interest, I would like to take out a personal loan to clear the secured loan. Reduce the term, lower interest rate and much lower overall interest paid back.…
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Car loan
In the past 3 months I have applied for 3 personal loans for 13k for a car. Credit rating is excellent but keep getting bad apr's. I've been offered 9% twice and then today 14%. I'm 26 with a mortgage and earn 42k. Is it worth me just going and getting the car with car finance? Which I'm hoping would be 5-6% or would have…