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Do I take out a loan to keep as an emergency fund?
I'd really appreciate some perspective please. My partner and I have a mortgage and the deal expires in a year so we will need to remortgage. I applied for a loan for 7.5k (for home improvements). Whilst awaiting acceptance we mentioned this to partners mother who said she would lend us the money herself at 0% over 5…
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My secured loan has been sold, does the new company still hold the security on my house?
Afternoon all, I've just received a letter from Welcome Finance stating that my loan has been sold to Coast Finance Solutions. The balance outstanding is quite substantial and I had an agreement with Welcome for them to hold the interest and I paid a set amount as the loan was secured on my house and it was in negative…
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Hire Purchase agreement help
Good afternoon. I'm after some advice and guidance please dealing with a hire purchase agreement that has been terminated. Let me give you some back ground... Nearly 2 years ago a young lady with a young child who worked for me was made homeless. She couldn't afford to get her own place as she had bad credit history and…
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Studying abroad masters loan - urgent help needed
Hi all, I'm on a two year Masters degree programme with the Erasmus Mundus scheme. A company called Future Finance - who were (and still are) endorsed by the British Council and in partnership with Erasmus+ had offered me loand to cover part of my course costs - the loans were going to be in 2 parts. Unfortunately, they've…
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Loan application questions query
I am thinking of applying for a loan. To minimise my risks of being refused, I was curious as to how best to answer some of the application questions. I am retired with a pension but I work part time. There is always a question regarding employment status, but you can only choose one of the options. Am I best putting that…
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Loan from a family member. Suggestions please
Hi My father has offered to sell me his car but I will be paying it off monthly. Is there anyway he can guarantee his return in the event of tragedy or is he undertaking this at his own risk? The alternative is to pay more to get less at the dealers + interest on the finance package. I am planning to get life insurance as…
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Can I apply for another loan?
Hi guys, Applied for a loan last night with AA and they gave me a loan accepted in principle. The APR was starting at 3.1% but never gave me a final figure until after the application was complete (which is now 9.9% which is a bit high.) I have now changed my mind. The question is can I apply to other places since I have…
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Need to borrow £20k
I need to borrow £20,000 to buy my estranged wife out of the marital home. I've tried to get a secured loan but due to being in a debt management plan and in a shared ownership home, i've been refused. So I was wondering if my plan B could work. My parents are both in their mid 70's but own their house outright. I'm not…
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Consolidation & merge
Hiya...abit of advice really... I'm the one in our house that deals with all the financial stuff which has left me with 2 loans in my name (each with around 3k left to pay on them, need to get the final settlement amounts etc). I pay £150 a month on these each and they have 3 or 4 years on them left. I now earn much less…
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Loan statements not Received
Hi Today I received a letter from RBS saying they hadn't sent me loan statements and notice of sums in arrears notices for the last 4 years but they were now rectifying this by sending me them now. They have enclosed them all. However they did say in the letter they didn't fully meet the requirements of the consumer credit…
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Default & Loan now off credit file
Hi Looking for advice I have 2 defaults and loans recently come off my credit file. I am still am still paying back a monthly amount. Now the loan is no longer on my file what powers to the debt recovery companies have to recover the debt / enforce the monthly repayments?
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Advanced learner loan
Hi I need help deciding what is better value. To pay £5421 for one year course in full. Or to take out advanced learner loan for the £5421. It's a 10 month level 4 course at college. And I'm concerned with calculations I could end up paying nearly twice the amount of course fees in interest, so it would then be better…
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Partner taken loan in my name
So at the begging of my relationship with my fianc! I took a loan out in my name to help her pay for all the debt she had from a previous relationship. We have been together for years now but things have started turning sour. I want to and it but I’m scared because I don’t wanna be struggling paying for a loan I gave her…
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TSB Early Repayment Charges
Hi, I currently have a personal loan with TSB, they are wanting to charge me 58 days interest on my loan if I repay the entire amount early. Which to be brutally honest with their customer service level over the last few months I am rather peeved at. I have been reading and wondering if anyone has had any experience of…
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Family loan question
My son and fiance want to buy a house. They cannot afford the mortgage repayments on a normal commercial mortgage. So I have suggested that I lend the money to buy a house with the loan being repayable monthly over 30 years. I would take a charge over the house. I want to help them and in order to keep the repayments down…
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Getting a loan with a CCJ - likelihood?
Hi all, It is looking like that I may have to get a car soon as my old one is on its last legs. I'm looking into getting a loan for a car, around the 10k mark as I want a reliable car that will last me a while. My biggest worry is that I have a CCJ which (I know everyone says this, but this did really happen) I didn't find…
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Non Resident car finance
Hello, So I moved to UK in September 2017 and I'm thinking about getting a car here. Do you know any "car finance providers" that would agree financing 10K car with decent APR? Car value: around 10 000 Loan Time: 24 or 36 months Work: Full time (IT, 50K annually) Driving Licence: EU since 2005 (I can get UK if needed) Age:…
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Guarantor loans
Hi, I've been provisionally accepted for a guarantor loan of £2,500 over 3 years at a rate of 47% APR, I want to use it to build my credit as its pretty poor. I have a guarantor in mind, who has an impeccable credit score, so thats not the problem. The pay back is nearly double which is mad but there doesn't seem to be any…
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Salary question for loan forms....
Hi, I've considering taking out a loan and have done the soft search on the site here however theres one thing I'm not sure on when it comes to inputting salary. As a Director of my limited company who gets paid in dividends and payroll my take home pay is very similar to my salary as I'm paying Corporation tax too so…
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Car purchase - use loan or savings?
If buying a car which is best to get a loan or buy the bulk of the car with savings, and then build savings back up with the monthly payments that would have been paying? So for example if car was £15000 use 10K of savings and rest on a personal bank loan, then with the monthly payments would have used start getting…
