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Nationwide match plus original offer?
In order to borrow £30k, can we apply to Sainsbury's for £15k and if accepted go to Nationwide for their loan match, then also take out the original Sainsbury loan as well? That seems to offer the best rates, but it feels as though must be a hitch or it would be the recommended approach Sainsbury's Bank is showing as 90%…
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Lend to my son
Hello - I'm new to the forum, so apologies if I seem a little green. I have recently inherited some money which I intend to draw down on during my retirement. I don't need the majority of the money for at least 5 years so one of the options I am considering is helping out my son who has a number of loans/credit cards. If I…
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Loan to loanee spaced over 5 yrs
Hopefully this will make sense! Would it be possible to borrow over a period of five years. An example would be; bank gives me £15000 each year over 5 years. This would be serviced monthly obviously increasing with each added £15000. Total loan £75,000. This is to make it easier for family business to pay me out as a…
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Likelihood of approval
Before I go on, I appreciate no one can answer this exactly but I do need some help During my “adult” life, I have always had credit but in small amounts. I think the most I have ever borrowed has been £3000. At the moment my credit utilisation is low compared to what’s available to me (3k over 2 credit cards with a total…
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bank have taken loan payment after agreeing not to and now I cannot pay my rent
Hoping somebody will be able to assist. Due to losing my job I called the bank in the middle of March to agree they would not take my loan repayment for April. This was so that I could at least pay my rent and look to sort out everything else from there. The bank agreed to this but took the payment anyway. I called to get…
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Car repossessed but they want full payment
Hi I am new to this forum not sure if I’m posting this in the right place. So my husband got car finance from MoneyWay in Feb 2015, never missed a payment and then got sick in Nov 2017 and couldn’t afford the monthly payments. He didn’t call them (prob due to concentrating on illness). He left it till eventually they took…
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Early repayment of Natwest loan - save money?
Hello, I have a £4,000 loan with NatWest a few years ago (no date to hand), with a rate of 25.90% and a monthly repayment of £122.94. The interest seems to be charged monthly and the remaining loan balance is £3,325.60. Does this monthly interest all get added when you pay in a lump sum regardless? I'm looking to…
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Looking for Advice - Credit Card or Loan when applying for a new mortgage?
My partner and I have £9000 on credit cards (money spent on house renovating) Basically, would this debt be better left on credit card or transferd to a loan in respect to applying for a new mortgage when we move house. We both have excellent credit ratings. Thanks in advance for any thoughts or opinions.
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AA loan process - help!
First post here and very confused. I applied for a loan with the AA and the website stated that an application made online usually results in an instant decision online. This seemed to be supported by the contents of the webpage which loaded once I made my application. I printed this off and it states “your application has…
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Too much interest or usual amount?
Hello, I took out an 18 month £1000 loan with a monthly repayment amount of £225. 6 months later I have found out the total amount I have to repay is £4000. The APR is 1008.5% Is this a usual amount? It seems a lot to repay. Thanks.
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Voluntary Surrender or Termination
Hi all, Im just after some advice…. I am currently in a IVA and when it was accepted allowances were made for my car payment to black horse. To cut a long story short, things have changed rapidly and my income has stayed the same, well it’s actually due to go down and my expenditure is going to rise. This means that I can…
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Pre-Approved for a Zopa Loan?
I did a search on Money Supermarket for a loan to purchase a car and the results state “100% chance of approval - the lender has accepted you for this loan, at this rate as long as you pass their routine ID and fraud checks” has anyone else had this? The lender is Zopa. The dealership is offer I gotta 9.9% compared to…
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Car loan or finance
Wanting to buy a car, does anybody know if a loan would be cheaper than car finance? Also, if applying for a loan that you subsequently turn down because the interest rate offered is higher than the interest rate advertised, does this still show up on your credit rating? The reason I'm asking is mainly due to using MSE…
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Applying for more than one loan
My partner and I have spent the last 6 months improving our credit score in order to apply for a loan. My Equifax score was up to excellent and her Experian score was up to excellent. We applied for quite a large amount through Sainsburys as a joint application as this showed as high chance of acceptance for both of us. We…
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Loan early settlement
Hi, does anyone know how the interest is calculated if you pay off a loan early. I took out a £1000 loan, first repayment being October 2016. The interest was 47.9% over 24 months, total amount payable £1465.68 Up to date I've paid £1,099.26 Thanks in advance
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Small Claims Court
Good morning, Apologies if this is the wrong section for this post. I couldn't find one which fits my query. 14 months ago I leant a friend £500 for a personal reason. It was aimed to help her get through a tough time where she was considering suicide. I have been polite and amicable about the situation and tried to keep…
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Financial Ombudsman Taking too Long
I filed a complaint against a loan company way back in October 2017 - despite reminding them on several occasions, the Financial Ombudsman still haven't assigned anyone to look at my case - 6 months of waiting so far. This is ridiculous - do we now need an ombudsman to look into the ombudsman these days?
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Best way to finance £28k
bit of background - have a secure job in a very safe industry, and my monthly spare cash ranges from 900-1200 a month, after all my outgoings. so i want to treat myself to a fancy car. I could save up for 4 years and pay in cash, but life is frankly too short. I've no debts outstanding, and i've checked out my credit…
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Best foot forward?
Hi, Looking at the best way to proceed with something really. Been having a good sort out with some of my financials really. I’ve got a c/card with circa £2k on it which is like to wipe off and start a fresh Either with a new card where I won’t be paying interest or using a small load to cover it and start again with a…
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Personal loan application questions
Good Morning , I am new to this site and have a question. I am about to start making applications for a personal loan to buy a car. Some of the questions that i am aware of on applications kind of confuses me, i wonder if you guys can advise me. I am not sure if i am considered to be a homeowner. I am married and the…
