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Loans

Archives for October 2019

Temporary Worker Complications
Hi, I need some advice please: I want to consolidate my debts (£35,200) so I have a lower fixed payment without accruing more interest. My situation is a bit complex and I've encountered barriers in trying to consolidate loan...in a nutshell: Zopa loan: £10,000 (13.1%) CC 1: £3,300 (22.2%) - paying £130pcm CC2:…
Online application offer different to the one by post
Hi - just curious whether this is standard practise, or should I be annoyed and call them to make a complaint. I applied online with a bank and was told I would qualify for a 3.1% APR based on the details provided on their site, a soft credit check, and through my experian credit report. On the site once I hit apply, they…
Admiral Car Loan Rejection
A B C
Lender doesn't confirm contract
Bought a kitchen from Wickes with their 12 months interest free. I was given a Pre contract agreement from Wickes at the time of the deposit being paid. It was filed away with all the kitchen paperwork. I contacted Wickes a year later to ask when my 12 months were up without reply. I asked as I didn't know if it was…
Was loan mis-sold
I approached my bank for a £3,000 loan last year to tide us over a few months whilst my husband was out of work. The bank advised a higher loan of £7,500 to pay off my (agreed) overdraft of £5,500 which made sense at the time as the charges were less than my overdraft fees. My husband and I have now separated and I have…
2 partners living together applying for separate loans
We live together and have a mortgage together. Can we apply for 2 separate personal loans with our banks, or would one of us likely to be rejected? We had mortgage for 5 years and both have a credit score of 999 (experian) We woud like to use this funds to invest in property abroad, but before we apply, I need to know if…
Hitachi & Freedom Finance
Based on the results of the MSE Loan Eligibility tool I applied to Hitachi Personal Finance for a loan because I was forecast as 95% certain of getting the amount I was looking for. I could have chosen one of a couple of other lenders where the same outcome was forecast. When completing Hitachi's form I specifically…
Can a bank change your loan without telling you?
Hello, looking for some advice. A strange thing happened tday when I called the bank to try a re-arrange what I thught was my career development loan payment; I was told this is a personal loan, not a CDL. I have asked them to send me a copy of the signed credit agreement as I d not recal taking out or transferring loan…
QuickQuid
Hi I have one instalment left to pay on my loan. I put in complaint in Aug which was upheld and they agreed to waive the money off my balance leaving a small amount to pay. I’ve emails from before they went into administration that it would be applied to my account within 24-48. Of course this wasn’t done and then the…
Separated
I've separated from my wife, I am almost 62yrs my wife is 50yrs we have an 18yr old daughter who still lives at home, I've moved in with my new partner but still pay all my take home wage into the marital home £1500 of which I take £200 a month, my wife earns £1000 a month, the mortgage we owe is £30000 of which we have…
Applying for a loan and a mortgage
Hi, My partner and I are currently in the process of buying a new build property. The house will be released for sale in December 2019/January 2020 at which time we will need to apply for a mortgage and pay our deposit. The house will then be completed in September 2020 which is when we will fully exchange. We can save…
Will it matter which I apply for first?
I'm planning to borrow £12,000 to fund home improvements. I think I can get around £4,000 on a 0% credit card though, so I'll need a loan of £8,000. If I apply for one first, will it affect the chances of getting the other, and will it make any difference which one I apply for first?
Best way to stop CPA on my card
Hi. I have a payment due on my card which I would like to stop. It's a continuous payment authority for a loan but I need to negotiate other ways to pay it. I have contacted them and they said I need to put it writing but the timing of this means a payment will be taken. Could ask for advice to ensure the CPA is cancelled…
Reclaiming overpaid money
Bit of a funny one, and no idea where to post it, but here goes... Long story short, I hate Barclays. In my 20s I had accounts, loans and a Barclaycard with them. I've paid them every kind of fee under the sun, hundreds, maybe thousands. They have time and time again proved inept and amoral. It is at least 7 years since I…
Best place to get business loan?
Are there any organisations that are better than banks these days for applying for a business loan?
Payday lender QuickQuid to close - what you need to know
Britain's biggest payday lender QuickQuid is to shut its doors, leaving customers facing uncertainty and a large number of compensation claims up in the air...Read the full story: 'Payday lender QuickQuid to close - what you need to know' Click reply below to discuss. If you haven’t already, join the forum to reply.
Quick quid about to go bust
Looks like Quickquid might be in trouble https://www.thisismoney.co.uk/money/cardsloans/article-7609735/Is-Britains-biggest-payday-lender-QuickQuid-verge-administration.html
Skyline direct
Hi I applied for a skyline direct loan they phoned me today and said they would call tomorrow Does this mean I'm getting the loan Anyone had any experiences with them
Home Improvements Loan Options?
Hello, We're considering buying a house which would need extensive renovations. We have £80,000 in cash available and would be looking to use £40,000 of that on deposit and other associated costs of buying the house. (£10,000 of this would be a buffer for emergencies like losing jobs etc and so would not be available for…
Lloyds Bank - Blacklisted?
Hi So basically I have a CCJ and 2 Defaults on my credit file (all fairly old). I have a Lloyds Bank account and they gave me a personalised rate (21.9%) for a personal loan. Basically I applied, on the off chance and it got referred. Came back declined. My moms friend works for Lloyds so we gave her a call and she said…

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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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