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Loans

Archives for August 2018

Gambling debt
Just after a bit of advice. I have had a gambling illness for years and been in and out of debt. I am seeking help now. I took out a loan with a company about 5 years ago and the wages for that loan came straight out of my wages so they wouldn't agree to a payment plan but I made it clear I had a gambling illness, anyway a…
Partial reimbursement of Insurance
I took out a personal loan with my local Bankia here in Spain (5 year loan). As expected they said I had to pay insurance and advised that it would work out cheaper if I paid upfront rather than in periodic payments, so I did, and the loan was drawn down net of insurance and other costs. (As it happens when they said I…
Career Development Loan ending 25th Jan 2019, replacement in the pipeline?what should I get instead?
(also sent this to brokenlink@moneysavingexpert.com ) Your page on the Career Development Loan ( first post, can't post links :-/ ) needs updating as the government is closing this scheme the 25th of January 2019 ( first post, can't post links :-/ ) and as I am looking to study September 2019 and cannot apply for the loan…
Can a bailiff come over regarding CCJs
Just wanting advice. Please don't judge me. I'm 23 and took out an Amigo loan worth £10,000 to pay off some debts and help towards a funeral cost. I was then made redundant at work after a series of stress induced seizures and have had to claim disability benefits. My original payment to Amigo was £385 a month. Obviously,…
The money shop cheque payday loan
I wonder if anyone could give me any information on the possibility of reclaiming anything from The Money Shop. 13 years ago I was using their personal cheque cashing service, writing them a cheque for £100 and they gave me £85 and held the cheque for 30 days and then either banked it or I rolled it over for another 30…
Wonga threatening me! Someone help me urgently!
This morning i got someone a phone call from someone claiming to be from a company called Grant Thornton UK LLP. they said i have one outstanding loan with wonga and his file said i had a top-up on it as well. he wanted me to make payment in full but i refused. he said if i dont then he will put this on wongas systems and…
Secured Loan
hi, ive paid my secured loan off a good while ago now with First Plus - this was secured on my house - i believe they put a note or something on your deeds? - which i need to remove as i want to change mortgages - has or does anyone know how to do this? im getting nowhere
A friend in trouble...
Edit: No longer relevant.
Student Loan Payment Amount Query
Dear All, Just a query over the amount of student loan I pay and wondered how I can work it out. My payslip says I am paying £152 but a tax calulator website says it should be £124 a month. Can anyone help regarding the discrepancy? Thanks
How does this affect my credit history?
Recently sold my vehicle which has outstanding finance, which the buyer knew about. It was all cleared over the phone & we both received emails & letter confirmation that the agreement was settled and closed. The buyer has now changed his mind & wants a full refund & wants to return my vehicle back to me? How will this now…
Raid my ISA or get a loan
Hi there, I need an additional 20k in order to complete some home improvements and am trying to work out the best way to source it. I easily have enough in ISAs that I have built up over the years so that would be one option. The other option I can see is to take a loan out. I plan on leaving the money in the ISAs for the…
My Community Bank Wales folding
I just wondered if anyone knew what happens with loans in these instances. Lots of inf on savings but nothing about what to do if you have a loan. I guess business as normal.
Ageist!
I'm 82, approaching 83 and many loan companies will not even consider me for a loan. I'd quite like to replace my aging car, but would want fairly modest finance. Has anyone found a solution to this? NB... Not blooming Amigo loans!!!
Settle finance early
As per my previous thread, we're currently saving for a deposit on a mortgage. My credit record is fine, my wife has never had anything on credit nor a credit card. We bought some furniture recently on a 6 month interest free credit deal as a means of getting some credit history on her record. We've been messed about by…
Buying and selling houses
Hi can anyone help with advice please. Me and my business partner have started up a property development company,buying houses to rent and sell.However,we would like to expand on our business and hope to go down the road of buying houses quickly off people who need to sell their houses quickly. Can anyone share advice on…
Barclay Loan - Breathing Space
Hi all, Desperately seeking some advice.... My partner and I are both changing jobs in an attempt to better ourselves, however due to pay cut off dates etc all surplus money has been put aside to pay mortgage, council tax etc. In addition, we have a 2.5 year old and we're not receiving any form of "benefit", therefore…
Wonga goes into administration - what it means for you & Martin Lewis's view
News article updated. Wonga goes into administration - what it means for you & Martin Lewis's view...Read the full story: 'Rumours about Wonga's future swirl - what you need to know' Click reply below to discuss. If you haven’t already, join the forum to reply.
Car finance voluntary termination
Hi sorry if this has been put before but I could not find it, last year I took out a high interest car finance with MoneyWay. The car was valued at 8000 and the agreement was for 60 months totalling 14000, within 12 months I was made redundant, and was given the option to either voluntary terminate and pay upto the 50%…
Loan with front-loaded interest
My husband and I have a loan with Tesco. It was for £25K and the initial balance to pay was £30K due to interest being added from the outset. The balance is currently at £21K and we’re now in a position to overpay by a few hundred every month. Does anyone know if the interest we have already paid would be refunded, if that…
HSBC Loan
Hi, Not sure how to deal with this. I had a 20k loan from hsbc to pay off credit card debt. I got it down to 16K but ive not been working the last 7 months and been on ESA. they have sent a letter saying they want me to get it up to date payment wise, ive missed the last 6. they want 1.2k or they may ask me for the full…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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