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Loans

Archives for October 2018

Pay Day Loan Refund - Alexandra Legal / Claim 4 You
Hi, wondering if someone can give me some advice. I took several pay day loans when I was younger, I estimate about 15 from 2005 - 2010 / 11. It took me some years but I paid all of them off, I believe the last payment would have been 2016. I don't remeber all the providers and my credit report shows some, but not all of…
Payday Loan - 247 Moneybox Settlement
Good afternoon, Just looking for some advice... I too hit the spiral of payday loans, and struggled to meet the required payments eventually. I'll give you some history and I'd like some advice. I borrowed from 247Moneybox month after month after month for something like 43 straight months! Every month would be about the…
secured loan on building plot ? (equestrian tie)
We own a large plot of land that is currently used for equestrian purposes. We have obtained OPP for a barn with living over. The council have placed a tie on it that it must be used for the purposes of rehabilitating horses (that was why we wanted it) and that it cannot be run as a business (which is not in dispute). We…
Online loans advertised rates are simply a phishing con trick
My kids recently applied for loans using the MSE calculator and had returned searches offering rates from 3.2%. to 4.1% and 70 % and 90% acceptance from the AA one loan being 12000 over 5 years and the other 5000 over 2 years. On both occasions the rates when they put through the application were bumped up from 3.2% to 14%…
N56 AOE help please
Thanks for replies to my previous post: https://forums.moneysavingexpert.com/discussion/5916210/aoe-notification-not-seen-ccj&goto=newpost&utm_source=MSE_FS&utm_medium=Email&utm_term=23-Oct-18 So I am submitting the N56 form, and have spoken with the court who confirmed it is before the District Judge on Friday. A few…
Nationwide valuation
Hi, We have applied for a mortgage with nationwide. It all went smooth enough till the valuation stage. They have set up valuation dates thrice but have not done it yet. Any experience anyone ? Thanks
Student Loan and HMRC - help I am in hell!
Hi everyone Thanks in advance for reading this. any advice would be greatly appreciated. At the end of July this year I phoned the Student Loans company and repaid the remainder of my balance. I was told a stop notice would be issued immediately and because there was at least 4 weeks until my next PAYE date, in all…
AA Loans
Hello all, I applied for an AA Loan on 15th October and I was approved in principle. Received the paperwork on the Thursday, higher APR then first quoted, but that's all fine. I sent the relevant documentation back, bank statements, proof of address, passport page and wage slips. I received an email last Tuesday stating…
Terms and conditions - guarantor loan
Hello I'm thinking of getting a guarantor loan, but I can't see the terms and conditions that would apply to the borrower and the guarantor. Can anyone send me a copy of the borrow and guarantor terms and conditions. Obviously with the personal details masked or taped out. You can use a temporary e-mail if you want. Thanks
Loan for a vehicle.
Hi everyone, I'm wanting to get a loan towards a vehicle, approximately 10k. I have a Samsung mobile on their upgrade program... On my experian file it is showing as a loan with £422 remaining for the next ten months. With my intention to get a loan in the future would it be better to 1) keep paying it monthly to show that…
AOE notification / not seen CCJ
Hi I'm hoping for some quick advice please, and need to act quickly. I've received a notification of an application for an Attachment of Earnings relating to a default on a loan from a couple of years ago. A default CCJ has been issued against me without my knowledge, as all correspondence has been with an old address that…
0% loans what's in tomorrow's budget
As title stated from news paper report. Is chancellor planning to offer 0% interest loans to help low earners with crises debts Nice idea, probably not as simple as that.
Help- 95% Eligible But Declined
I'm looking for a £15,000 loan for our wedding over 5 years. I've done the eligibility calculator on the main MSE website and it says using the soft search says I'm 95% eligible with Admiral. However proceeded with application and got rejected. Any ideas why this would be, checked ClearScore and my score is pretty average.…
Affording living costs at university
Hi all, I can’t afford to give my son extra money to fill the gap between his maintance loan and his living costs. His student loan doesn’t cover his rent. Do I have any options? Thank you for any help.
AA loans avoid at all costs!!!!!
Like so many on here I’ve had a horrendous experience with this shambolic company Experian rated me as 100% chance of loan Applied and “congratulations you’ve been accepted money be in your account in 2 working days Week passes no contact or sign of money 1 hr on the phone to be told still with underwriters Another week…
CCJs
Hi and thanks in advance for your help.... Today I checked my full credit rating and discovered I had a ccj on it from 2016 At the time all documents were sent to my parents house and my dad signed for it as he also has same name as me he then informed me that SaaS were taking me to court to recover money that I received…
Can you borrow more on a fixed rate mortgage?
Can you borrow more on a fixed rate mortgage? I want to refinance my partners loan on a better rate, can I add it on my mortgage and what will happen to the fixed rate on there? (the base rate has gone up since I fixed for 5 years) My partners loan is a long term loan on 7% which needs looking at. Any advice welcome! :)
Personal Guarantee - how to agree a settlement with Bank
My limited company went into adminstration at the end of 2017. Back in 2007 I had signed a personal guarantee but I did not remember doing this and only found out when the bank wrote to me to demand the 25k liable against the PG. I tried to challenge this with the help of a solicitor without success. Ideally, I want to try…
juggling 0% credit
Hello, I am new to this forum but have been following Martin for many years and saved loads of cash as a result. I do however have a problem: I want to change my car but do not want to pay the interest associated with PCP or HR given that I have been bouncing around 0% credit cards for years. Mercedes will not accept a…
If I've been accepted for a loan but at a higher rate is it worth trying another lender?
I've just been accepted for a loan but at a higher rate 5.9 instead of 2.8 is it worth trying another lender to get it lower now I have been accepted? The lender was Marks and Spencer and I was thinking of trying Sainsburys.

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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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