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PCP deal, leaving early via Voluntary Termination
I'm on my 4th Ford on PCP, and every time I renew the spec goes down and the price / term goes up. I'll be specific with figures and hope for advice before I go back to dealer: -first time was £280/month, high spec and we swapped at 9 months - This time is £305 a month, lower spec and at 18 months into term we still "owe"…
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Unenforceable loan with Cabot
Cabot have written saying they can get a CCJ but cannot enforce it. This is because they cannot provide a copy of my credit agreement (HSBC loan bought by Cabot). Is this right? Presumably a CCJ will destroy my credit file even though they would not be able to send out bailiffs. The debt goes back to 2003 and I was paying…
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Equity Release LTV Rates
Hi, this may be a bit of a long post but please stick with me. So my partner and I recently made the decision to purchase a second property close to where we work in England as renting is just wasted money. Our first property is in Northern Ireland which we want to keep as it's somewhere to stay when we travel home to…
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Payslips for loans?
Hi, I've had credit cards in past and just been credit check only, is it the same for loans?
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Loan advice please
Hi, can anyone give me some advice on how to get out of a situation we're in? We are home owners with a mortgage. We have started having an extension built and are about half way through. We both work full time and have a joint income of about £65K each year (before tax) We were relying on an addiitonal loan against our…
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Loan offered, but not at advertised rate, should I apply elsewhere for a better rate?
Hi all, Just looking for a bit of advice. I applied for a loan with Sainsburys bank & have been offered the loan requested, but not at the advertised rate of 2.8%, they have offered at 4.1%. Do you think it is worth applying with another lender at a lesser rate?
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Credit Card to pay off Loan - Super Confused
Hello, I'm hoping someone can help. My partner and I took out a personal loan of £10,000 to pay for a piece of equipment for our new business. After speaking to my partners sister she mentioned balance transfer cards - we're quite new to all this kinda stuff, so this opened up a whole new world of card types that we had no…
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Mortgage to a Friend
I have a friend who wants to buy her council house. The variability of her income probably prevents her from obtaining a mortgage from the banking system. Many years however have shown me that she is reliable and I am able and prepared to lend her the money. I can see this would raise question marks for many people but…
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Help! Mortgage loan advice
In 2011 we took a jumpstart loan from Bovis homes to buy our current property. We borrowed £38k and it was a shared equity loan where they would take 15% of the equity in the property at point of sale or when you wanted to pay it. Recently, the loan has been taken over by Hampton Mortgages and yesterday I received an…
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Payday loan trouble and interest
Hi all :) I have posted in various threads as I look for advice. Long story short I took out several payday loans to pay one or the other and it got too much I was unable to pay. I contacted all creditors to set up a repayment plan, 3 out of the 5 accepted. One of the creditors accepted took my offer of a monthly payment…
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Advice required: previous owners debt?
Hi everyone. I’m hoping for a bit of advice. My partner and I brought our house 2 years ago, and the previous owners moved about 5-6 houses up the road. They said they’d sorts their addresses on bank accounts etc but we were receiving a hell of a lot of post for them. Initially we took it up to them once a week. We went…
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V12 Retail Finance - fraud letter
I've received a letter from Secure Trust Bank PLC, trading as V12 Retail Finance, which states:"We have received an application in your name. Information we have received suggests your name, address, personal identification details may have been used by another person to impersonate you." And then goes on to give some more…
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Rejected after pre-approval?
Has anyone been rejected after being "pre-approved" for a loan? It was only a soft search I carried out where I saw the top one I was pre-approved for.
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Family loan
Going to loan my son £10,000 do I need to get loan agreement, any advice, and if so any templates on this site?
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Money for car - loan or mortgage
Hi, Just hoping for a bit of advice on best option for purchasing a new car. We are in the process of remortgaging at the moment and are about to submit an application. This is for £265k on a house valued at £500k (for personal reasons, this is not actually redeeming a current mortgage - repaying loan to mother in law who…
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Potential CCJ - confused and scared
Hi everyone. Needing some none judgemental advice as I feel awful. I'm 21 years old and last year I took out a £400 loan with MyJar. I can't remember what the monthly repayments were. I stopped paying this loan in August 2017, the loan was taken out in May 2017. I stopped paying because I lost my job due to severe health…
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Dealer extended PCP to accommodate new car without consent, now stuck
First time post, and I’m in need of a bit of help! Back in May I ordered a car through a Skoda dealer who promised deliver before September when my existing PCP expires. In July they said that it might not be August , maybe late September and suggested extending my pcp for 3 months. We discussed but I did not consent. In…
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PCP - can we get out after 2 months
My hubby bought a car (18 months old 1600 miles on purchase, now about 4500) on PCP recently and has made 2 monthly payments. However I think he rushed into it and isn’t keen on the car and wants to change vehicle. I’m assuming he will end up losing a fair amount whatever his options are. If it’s relevant the PCP is with…
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Season ticket loan
Hi all you lovely people! I have a chance of getting an interest free loan from my employer to cover my (eye watering) annual cost of train commute, effectively saving a bit of those hard earned money. I will be repaying in 12 equal installments over next 12 months. Now, I read somewhere online that deductions from my…
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Car Finance + Ex + Mortgage - Help!
Hello So basically, my ex boyfriend and I got a car on finance 3 years ago, the finance and car is in my name. We broke up and he kept the car on the understanding he would pay me the finance each month. This hasn't been a problem, however.. I am looking to get a mortgage soon. Will I have to declare this loan to the…
