-
Bridging loan - advice
I’m seeking some advice on a short term liquidity issue. I’ve only recently finished studying for a lengthy professional qualification, and moved into decent earnings in the past year or so. I’ve used the savings I made over the past year to become debt free, so actual cash in bank is pretty low. I was expecting a…
-
Renault (Car) Finance – A Cautionary Tale
A couple of years ago we bought a prereg (petrol) car and part financed it as a Personal Contract Purchase (PCP) with Renault Finance (RCI Financial Service Ltd) in the UK. This meant either a balloon payment would be due at the end of the term or we would hand the car back in settlement. As we intended to keep it we paid…
-
secured loan with a different bank?
Hi, I searched for this on internet but could not find any answers, hope people here can provide me with an answer: Is it possible to get secured loan from one bank while keeping your mortgage (for the same house) with another bank? In other words, is it possible to have two different lenders securing the loan with the…
-
How long after pay rise ?
So, I applied for and accepted an unsecured loan a few months back (£5K @ 11.7%APR over 3 years). This was via Hitachi and I had applied to them because their advertised rate was appealing (something like 3-4%). Since that date, I've been fortunate enough to have gained a workplace promotion this last month. My salary has…
-
Best use for unexpected tax rebate
Could someone check my thinking here? We currently have three debts, which we are covering with no difficulty at all - but if we can reduce the amount of interest we're paying, that has to be a good thing. Car loan for OH's car - this is the highest interest rate - £296 per month. No penalties for paying off early. Car…
-
Sainsbury’s Loan
Morning All Currently have a loan with Sainsbury’s called up today to ask for a settlement and was quoted a figure of £4259. However the advisor stated this included 58 days additional interest. My question A- does this mean by balance is lower and if I were to pay almost the full amount minus the 58 days interest and then…
-
motorcycle finance
hi im trying to get finance for a £4000 motorcycle. my score on experian is 620, its been 34 months since insolvency and i've been up to date with everything since then, will i be rejected by Honda finance? also what are my chances of getting a personal loan around 5000
-
DD not set up
Hello I bought some jewellery on the 6th. September paid a deposit and took out an intrest free loan which the jewellers’ were offering. I was told in the shop that I had been accepted for the loan. To date I’ve received no communication from the loan people and no direct debit has been set up on my bank account. I’ve…
-
Satsuma loan
Hi, registered today to ask a question about a £750 loan I took out with Satsuma on the 20th Aug. I called them today to ask what the figure would be for early repayment today and was told it would be £918. Having already paid £237 in my first instalment I was shocked that I would have to pay such a large amount to clear…
-
Declare Joint Mortgage on Loan Application
Hi, I am preparing to apply for a new loan and want the best chance of being approved whilst also declaring everything I need to. Do I need to declare a joint mortgage even if the payment comes out of my partners account? The loan is not a joint loan and I am only asked to declare my own outgoings and not my partners.…
-
Student Loans Company query
Hello :) I started university in 1998 and left in 2002. I read an article that said I may have made payments to SLC that I shouldn't have done. From what I gather any payments made before April 2003 should not have been made. At the time I was working full time and am sure I made payments (not much but still). Two issues:…
-
Will a £79 credit application effect a loan application
Hi all, Just requring some advice. I currently earn £31000 per annum and currently have zero debt. I recently purchased a house without a need for a mortgage but the house requires some work to get it up to livable standards. I require a loan of approx 20k and will be applying probably within the next six weeks. I am an…
-
would a loan be a better option
Hi, I am moving house (due to a relationship break up). I will be £3,000 short of being debt free for the house I am buying. What is the best way to borrow that amount of money? Would I be better off putting it on a credit card and then transferring the balance to a 0% credit card? Or would a loan be a better option
-
Help - Advance Loan on Mortgage
Hi all, I'm new to this forum, but I have been at my wit's end all day and I don't know what to do. I've recently received an advance on my mortgage (10,000) spread over my remaining mortgage term with the intention to replace my central heating and get some new kitchen units. I have received the money, all is good.…
-
Loan when income is foreign
I would really like some suggestions. I came home from abroad three years ago and retired a year ago, although i am bored silly so plan to go back to teaching. Anyway, i have some debt from getting established here - and i actually goofed with one of the two cards i have and used it for purchases, only too find there is a…
-
Lendable Loans
Hi everyone, Has anyone ever had a loan from Lendable.co.uk? I saw there was a previous thread about it however not many people came through with their experiences with them. I have also seen the reviews on Feefo etc but unsure what to think of them all. Thanks
-
Should I Take Out a New Loan?
Hi, Seems silly asking this as it seems to make sense to me but just asking in case there's any downsides that I'm missing. Thanks in advance for any comments! I purchased a car in Sep 2017 and took out an unsecured loan for £30,000 @ 6.69% for 7 years to pay for it leaving me with a total balance of £37,653. I've been…
-
Loan to mother in law
Hi all My mother in law is in the process of purchasing a new retirement property but is short by about £20,000 on a property costing approx. £180,000 She has enquired if I could lend her the money to be repaid when she dies and the property is sold. Whilst we are ok to do this I just wondered the best way of setting…
-
Mistake of applying for Tesco loan during probationary period
Hi All, I just switched jobs recently and in the very first month, I received a pre-approved loan email from Tesco. I straight away applied. It got approved in principle. Asked me to send a certified copy of my passport/ driving license to finalise the loan. I did it over the weekend. Got a text to call them back, they…
-
AA loans advice
Hi everyone new on here normally just read. I applied for an aa loan on Sunday night signed electronic approval and was told it would take two working days I know I'm only on day three but reading all the negative about them I was hoping to see if anyone has taken a loan out with them and what the payout period was like.…
