-
Will new loan, consolidating debt effect my chance of a mortgage?
Hi. This is my first ever post, so please be gentle! I currently have a CC and a loan. My bank have offered me a loan at a much lower APR (4.9%) which I though I could use to consolidate my more expensive debt. Does that seem like a reasonable idea? Next question: I want to apply for a mortgage next year so I am also…
-
Should a fixed sum loan be going up?
Hi all, I took a loan out last year for the sum of £23,000 It’s a personal fixed sim loan with Yorkshire bank It’s for 48 months Rate of interest applied to the credit 4.087% per annum fixed APR 7.9% The monthly payment is £557.49 And it says the total amount I will have to pay is £26,759.30 and under this it says “ this…
-
Need help with bankruptcy and loan
Hello my name is Mick and I am new to the forum. Recently our father died and unfortunately his company went bankrupt and the property including the house is in the hands of the bankruptcy people. My brother and I have been offered first refusal on the land at £120,000 and at the same time we have been approached by two…
-
Equity Release...or not?
Hi. This is my first post on here and if this is in the wrong place, then please feel free to move it! To be honest, I wasn't entirely sure where it should go. I'm posting on here in the hopes that someone else has either been through or has heard of something similar happening. Long story short ( I hope) - a few years…
-
Personal loan to credit card
I have a personal loan from a lender being charged at 59.9%. Is there any way that I can transfer that to a credit card, or to a balance transfer card, lowering the % rate Any help welcome Jeff::money:
-
Loan accepted but at much higher rate
Hi all. This morning I applied for a £10k loan to purchase a new car. I've got a decent credit rating and after looking at the providers advertised on MSE. I applied for a loan with Santander for £10k over 3 years at the advertised Apr of 2.8%. I have just had an email to say its been accepted but at a rate of 11.9%. I'm…
-
Take out a loan for house refurb
Hi all, We have been living in our current home for 3 years and have been refurbishing it as we go. Last year we did the garden and it looks so much better for it! We would really like to move closer to work but can't sell our house in its current condition as it really needs a new kitchen, downstairs loo and a few other…
-
owed money please help advise
Hi i will try to make this quick and brief my very good friend and his wife borrowed a lot off money of me a few years ago to put down on a house he was paying me back as selling and leaving country to live he has sadly died passed away last year his last words to his wife was to pay me back from the proceeds of the sale…
-
Need 10k fast
I need to borrow 10k fast. The reason is that I have seen the house of my dreams but its £10k more than the one that I now own (outright). I have funds in place for solicitors, estate agenst feees surveys etc. My problem is that I'm self employed and have a very fluctuating income from various sources. I do some online…
-
Excessive lending has put me in a spiral and i need advice
Hello, So, my situation is this... I am in £25,000 worth of debt. I suffer with my mental health quite badly so i spend when im in a bad way. Its gotten that bad, i bought a brand new car and a holiday. I am now trying to address the situation before it gets worse. I have been told to go bankrupt but that is not the route…
-
RBS unfair treatment
Hi, I have a situation whereby four partners entered into business loan from RBS to buy a property. After a couple of years it was necessary to sell the property at a £20k loss. One partner is repaying her quarter of the debt to RBS ie £5k and I have asked RBS for the same repayment plan but have been ignored, instead I…
-
Would I be eligable?
Hi all I went through a stage a couple of years back of having a payday loan paying it off on pay day then getting another one that month. This went on for about 6 months until I was able to clear it off completely. I keep hearing about payday loan claims on rollover interest. Would my case be eligible for this? Thanks in…
-
Personal loan
Can I transfer a personal loan onto a balance transfer card
-
Help with PCP and my maternity
Hello, I wanted some advice please. I took out a PCP on a car around a year ago when I could afford it. I am now on maternity pay and I literally cannot afford the payments anymore. Its worth noting that when I took the PCP out I had to offset a previous car so I owe more than the car is worth by around £5. How can I give…
-
should I secure my loan?
Dear friends, My wife and I were hoping that you could give us some advice on this dilemma: 5 years ago we got a total of £70,000 personal loan (10 years period) for home improvement. Things went as planned and we are now enjoying the much needed more space at our house. During the last 5 years we have been paying around…
-
Car finance in ex's name but I am registered keeper..
Hello! So my ex partner and I bought a car in January 2016 but applied for the finance in his name only. When we split in August 2016, I kept the car (ultimately to be nice as he would have been landed with two finance payments for both his car and mine) and he changed the V5 to reflect that I was now the registered…
-
Loan Eligibility Calculator (daft question?)
Hi this might be a daft question (so i am expecting some responses saying as much!) But having been on the website's loan eligibility calculator - i have recieved a 95% score on a lot of the loan companies..... am I right to assume the eligibility calculator would never give 100% anyways, and that the 'excellent' 95%…
-
Personal loans
Hi, I was hoping somebody could give some advice. I needed an personal loan to purchase the freehold of my property and have been approved by my mortgage provider Santander who are offering me the £8,675 at an APR of 3.4%. They have done the usual checks and have now approved, subject to valuation of my current property.…
-
secured loan
hi i took out a loan in 2006 for 20000 of which 13000 was supposed to have been sent by my lender to another loan company this never happened and in 2014 i was taken to court for repossession on the loan. The loan was then sold to a debt recovery agency so i have 2 questions. 1 how do i get the money back they never paid…
-
What is PAF ?
I took out finance on a car back in 2013. The repayment interest (APR) was 14.1% (much higher than I was told it would be when I took it out), but on the yearly overview statement that I received after the first year, it shows PAF: 7%. I'm just wondering if anybody would know what this PAF stands for, and what it is. I…
