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Loans

Archives for April 2019

Double Glazing Finance
Please move to correct forum if not in correct place. Looking at replacing 21 year old, 6 double glazing wooden windows and a front door with new UPVC. I have already received one quote from a large known company (15 year guarantee) from my area and are awaiting quotes from smaller independent companies. The large company…
Will taking a loan out help build my credit score?
I'm been pre-approved for Likely Loans. If I take the loan out and mange the account well does it improve your credit score? I don't need a loan but I want to improve my score so I can get a mainstream credit card. I have just got a vanquis credit card and have noticed a positive effect on my ability to get credit... Would…
best PCP deposit?
If I were to purchase a £20K car, through PCP, whats the best deposit to put down? I know people say like 10% or so, but is it possible to put like a deposit of 50%
Targeted advertisement for loans.
Are loans companies targeting people once they search for one loan by posting adverts on all their social media profiles, on every website they use such as news papers website and even on their Smart TVs? If so what can be done about this? Is there already laws to prevent this? If not is there any groups forming to stop…
Personal Loan to pay PCP Balloon
Hi all So my 48 month PCP is up with BMW in the summer and so my balloon payment is due in August. At this point in time I plan to buy the car (via a personal loan) as the car is worth more than what I will owe (circa £11k). At what point would you advise I apply for the loan? Is there anything that I need to be aware of…
Advice needed
Hi All, Both I and my partner had applied for a £20k home improvement loan with Yorkshire Bank at a representative rate of 2.9% over 5 years, total amount payable is £21,491, £358 (which we can easily afford). Our combined gross salary is £67k a year (me £44k, her £23k). We had a response to our application today. YB will…
Options regarding home improvements
Morning all, I've been a lurker for quite a while and the information on here has been very helpful to me. Thank you. I'll try and keep this as short as possible and get right to it. My wife and I moved into a property in south-east London almost 3 years ago. We were desperate to get onto the ladder at the time and…
Bridging Loan These Days
Hi, We've suddenly found a house we'd really like to buy. We weren't really looking, so whilst we know the value of our house, it's not on the market yet (but could be quickly). The asking price of the house we want to buy is a lot less than the value of our house plus our available capital. However, we could not purchase…
Barlcays resolved loan suddenly appeared on credit file
Hi All, was looking for some advice, a long time ago I had an overdraft, £3800, I've always contested that the overdraft and my financial suitability was never considered correctly, I used all of my overdraft and I was paying nearly £200 monthly, with out clearing the balance. I phoned barclays to discuss about clearing it…
Erudio student loan deferral
So for the last 20 odd years I've been able to defer my student loans. They have told me that this year I have gone over the threshold. The reason..I'm going though s divorce so now get child maintenance (the minimal he could!!), and universal credit. So despite the fact I now have to pay the mortgage myself, look after…
University grant
Hi, I am currently in my first year of university going into my second in the coming months. I applied for an adults dependant grant and my university paid this into my bank account. After receiving the payment I rang student finance England twice to ensure that I was entitled to the money before spending it. Both of these…
Contracts
Hi folks. Am very new to all this forum stuff so apologies if I've messed it up. I took out a contract 16 months ago. The original contract was for 12 months. I've found someone cheaper so I've just tried to cancel the existing contract as I'm 4 months past the finishing date. I've been told by the company that even though…
Last time I use loan eligibility checker
I've used the loan eligibility checker on this site twice now. On both occasions the APR rate I've been offered hasn't even came close to what this site indicated it might be. I know it's indicative but stating I have a 95% chance of getting a 2,9% APR rate from Admiral and then being offered 8.2% isn't even close. Now for…
House Network Administration - Shawbrook Loan
Hi, I'm wondering if anyone can help with the consumer credit act. I listed my house for sale with a company called 'House Network' ( Post to righmove etc) who went into administration yesterday and are no longer operating. At point of Sale, you take out a defered loan with a loan company called Shawbrook. The complete…
Advice with current loan please
Hi, new to the forum so be gentle :) I took a loan out in 2016 for £13500 which was to pay off mine and my dads car loans, since then his has been paid so its just mine. As of today I owe £2436.93 with 7 payments of £340.50 to go. I could easily afford it when I was living at home, but moved out a few months ago, so with…
If I pay off my student loans with Erudio...
I have never earned enough to be able to pay back my student loans from the nineties. Unfortunately, through moving and SLC not updating their records, my loans weren't always deferred so they got passed to Erudio. They threaten me with giving my loans over to people like Capquest if I don't make payments. So now, even…
Paying back student loans from abroad
Which is the best way to pay back a student loan from China to minimise bank charges etc? ie: can you use PayPal?
Loan for a new London Taxi - help please!
Hi all, My father in law is looking to get a new London Black Taxi (electric powered). I was speaking to him yesterday and looking at the quote he has received. The BASIC taxi is £57,099. With a £20,000 upfront payment, the repayments are £735.77 per month. The car dealer has not shown him any of the hire purchase…
Personal loans if you have bad credit
Hi I’m looking to consolidate some of my debts but also get a car as current is knackered. I’ve looked at loans but due to some previous defaults and payment plans from when I was off work sick they won’t lend me the money even though I currently pay and over pay on everything I owe and pay on time , my credit score has…
Second charge
Is there any alternative to a second charge when the first charge will not allow one on the property that is both legally binding and viewed favourably by lenders? I have been informed by a mortgage broker that there is and it would not show up on the land registry, is this correct?

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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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