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Annual Statements - A legal obligation?
Hi, We have a secured loan with Paragon Banking and in all the time it's been active (well over 10 years - I know!) we've had one statement - and I had to harass them to get that! So my question is are annual statements a legal obligation? I can't see how any financial organisation can operate in this way. Surely an annual…
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Loan with "the credit union "
Has anyone ever had a loan with the credit union? I was told by a friend of mine that they may be a likely source to give out a personal loan. Can anyone pass on any information about them? I am trying to build up my credit score, I have no marks on my credit file as I haven't ever taken out much credit in the past. Also…
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Life lesson [dont bite off more than you can chew]
So just over two years ago I bought a low mileage, fairly new and highly specced Ford Fiesta for around £9,000. I did so because I got myself a job that was paying me the most I'd ever earned and I 'justified' it to myself because I was spending a good 90 minutes in it daily commuting. The loan I took out for the car was…
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Voluntary termination of PCP
Hi all, 9 months into a PCP with Blackhorse and Pete Vardy but I feel like i cannot keep the car any longer as I feel i would be better off financially without it as times are hard at the moment. Obviously I've not met the 50% mark as it is a 48 month contract will there be a lot of hassle because of this? I have met every…
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Calculating settlement figure
Hi. I’ve took out a loan for £1300 using 118 money. I got offered a rate of 103.3% which is very high because I have a poor credit score. The payments are £122.76 every month for 2 years. I’ve read on this website that for the first few months you’re not paying anything of the loan but the interest itself? The plan was to…
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Loan between friends - Anything to look out for?
Hi guys, Someone I know is lending another person £30,000 to keep his house from being repossessed. The agreement is for the total to be paid back over 4 years or the remaining balance in full when the house is sold. There will also be no interest payable, instead, that person gets to live in said house rent free. I have…
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Advise please - credit score / car finance / loan
Hi all, This is my first post here but I’m really looking for advise. Long story short I need a new car due to mine needing a lot of new repairs / high mileage, and also now due to a new job role I am expected to travel most days between offices so I’m not sure how long my current car will last! I have some savings however…
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Avant Credit, stay away
I have just had the most terrible experience with this putrid attempt at a company. they approved my loan fairly quickly then failed to pay the funds they had approved and promised to be paid in to our account. we emailed back and forth for over 2 weeks constantly being told it was being escalated and managers are dealing…
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DISCLOSE 02 BANK ACNTS OF DEBTORS for TPDO.
Hi all, I obtained CCJ against Debtor who failed to pay me even after Court sent Judgment. Now I wanted to request court to make a Third party debt order in order to recover my debt. I know Judgment Debtor has bank accounts in which his monthly salary is deposited by employer.. My Questions ; 1. As Debtor has Accounts in…
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Loan application if address under IVA
Hi, I have recently separated from my wife and I've moved back in with parents. In order to try and get my life back on track I need to consider a loan to consolidate two big credit card debts so at least I'm not paying off mostly interest. The problem I have is I would have to apply for a loan as living at my parents…
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Took out loan 16 days ago, still don't have details about loan, can I still cancel?
So I took a rather ill informed loan, I needed money and used a loan company. I asked constantly for the full details of the loan over the phone (which I recorded) and via email maybe 6 times. Still the details never, I signed the contract and only had time for a brief scim read the documents and then signed. 16 days ago…
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Company loan
Hi all, Looking for some advice on tax on loans. My work has agreed to loan me 20k to help me buy and renovate a family home, the payment will taken from my wage over 5 years. However I think I will have to pay tax as its a payment in kind is this correct? Also how will I pay the tax on the loan will it be taken out of my…
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Cheque centre loans refund
Has anyone had any success claiming for irresponsible lending from cheque centre who have gone Into administration. I am getting mixed messages as to whether it’s worth claiming
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Advance learning loans and providers
Hello, I used the Advance learning loan system to further study while working. It was the perfect choice for my circumstances. However I have found a flaw and need advise on what step to take next. The advance goverment loan side of it is not the issue, its the provide who I enrolled with for the course. When enrolling I…
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Advise about loan
Hi Can someone give me advice please regarding an enquiry about a recent loan I took out. I took a bamboo loan in Feb this yr for £5000 over a period of 5yrs. However in March I left my job and put my house for sale due to having too many creditors and fear of repossession. At the moment I am due to complete the sale of…
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Poor credit personal loan
Hi all, I’ve checked my credit score and it’s currently at 176 which is poor, without going into detail with my life and circumstances I’d just like a point in the direction of a lender for personal loans up ov£1,000 that is ‘likely’ to accept me. My score the previous month was 0 so it’s improved considerably IMO, it’s…
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Statute limited..?
Hi, new here so thanks in advance for any advice. I took out a personal loan for approx £20,000 in 2010 which defaulted due to me getting divorced and being unable to make repayments. For a while I was making reduced payments. The last payment I made was exactly 6 years ago today, on 14.11.11. In the 6 year period I have…
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Trying to pay off HP is HARD!
Long story but i will try to keep in brief. (NB. excluding all pence for ease and time) I have a skoda on VW finance (HP) 7.39%APR totalling £11030 (inc. intrest) I pay £183 a month for 5 years (I have made 17 of 60 payments) i got a settlement quote last month at £7177 I paid £183 i got a quote this month at £7067 (£110…
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Amigo Loans - Added Interest
Hello, Just short of 5 years ago I was unfortunate enough to be in a position where I needed £5,000 and the only thing available to me was a guarantor loan through Amigo Loans. I was sent an illustration showing £5,000 over 60 months = 60 payments of £197.62 I signed & sent the form, the £5,000 was credited to my account…
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Query about small claims court
Hi all, First off, if I have put this in the wrong section, I apologize. I lent someone £6000 3 years ago and he still owes me around £2500. However, we are not getting anywhere so I am looking to go through the small claims court to get it back. My question is this.... I live in Manchester and he lives in Southampton. If…
