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"Top heavy" vehicle loan
Six months ago I took a three year loan for a vehicle, small amount, only £2000, high APR but that’s OK because my credit rating was not stellar, and I paid the rest of the value upfront in cash. I’ve paid 5 installments of £90 so far, total £450. Today I requested a settlement figure to close the account and I was quoted…
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Loan options
Hi guys I'm new here and needing a bit of advice regarding a loan. I am in the process of a divorce and at the point of making an offer to my ex husband to buy him out of the house. I am planning on selling my house and moving next spring and want to pay the loan off at that point. Will be moving in with my mum for 6months…
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Car Loan(PCP)
Hi Guys, I've got a car on a PCP with 17month left at £209.31 per month. The settlement figure to pay off the car with balloon payment included is around 6800. I've a reasonable credit rating but can't seem to get a loan based on affordability checks even though the loan would be to clear the PCP. Any ideas how to combat…
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Funding Circle personal guarantee
Hi all, This is my first post on the forum after doing a lot of reading so a big hello to you all. My little problem is that Funding Circle are activating their claim against the personal guarantee that I signed when taking out a loan as part of a now dissolved limited business. As the business folded due to health issues…
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Financing a extension to house
My father in law suffers from dementia. The choices are we either put him into a home or we build an extension on the side of our house and we care for him and my mother inlaw. We would prefer the latter option. The cost is approximately 70k. We do not have anywhere near the reserves to pay for this. They have approx. 300k…
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Topping up loan, by extending?!
Hi there. Is this completely unrealistic? I have a £16,000 loan with Sainsbury's. I pay back £266 a month and begun two years ago. The payments have been manageable and easy to make. I have a mortgage and don't have any other major monthly repayments. However, I'm looking to borrow £5,000 more to help with updating my…
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Santander Mortgage
Hi all, Was just wondering if you could give me some advice. Mine and my Partners mortgage was sent off to Santander on Friday from our Mortgage advisors. The builders rung today to say a survey has been booked to view the house for next Tuesday. Does this mean that they have checked all our credit etc and are happy to…
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Please help me to understand the logic of my MoneyBarn Disaster?
Hello, This is my first post, I am finally trying to deal with this situation, forgive me if after reading the other threads / rules I make a mistake or something that I say is not in-line with how it's usually done around here. I took out a MoneyBarn loan in March 2016 that I never really should have, my credit situation…
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Help with student living costs abroad
Hi, my son is planning on going to Germany to attend flight school next year. The pilot training is fully funded by the airline but my son has to fund his living costs. He's been told he CANNOT work whilst he is there to help with costs. I'm not in a financial position to help (various reasons). Does anyone know of any…
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Pcp immediately after a loan.
Hi. I think we have a excellent credit rating - couple of cards snoozing but not enough to confuse us. And all have high limits with all the months spending paid in full I felt the need to get another car, had mine 7 years - love it to bits but reached the time it’s costing me in relation to the amount of mileage I do and…
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Best way to borrow £50K?
Recently divorced and want to buy the wife out of the house which would cost £50K at current valuation. Is it better to try and get 2nd Mortgage or a secured loan on the property to buy her out?
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Loan settlement
Hi all Just looking to see if anyone can find an issue or hole in my logic here regarding settling an outstanding loan. Settlement figure is £2700 with 2.5 years to run at a rate of 14.9% I have just been accepted for a balance transfer card with 27 months interest free. My thinking is as follows. 1. Settle the loan on…
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Advice about loan needed please
Hi, My nephew was granted an unsecured loan of £10,000 by Lloyds Bank, despite never being employed, no savings, and living in rented accommodation - he is 21. We were not aware of this, until a letter came through to his Mum's address stating that his loan payment is overdue. A previous loan (to a lending company not…
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trouble getting a loan
My daughter started work as a doctor over the Summer. She has never been in debt but has been refused a loan twice (John Lewis and Admiral). She has a good credit score (or did have before she was refused 2 loans) and wants to borrow about 7 thousand. Anyone any ideas what to do next?
