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Can you pay off a loan with a Credit Card?
Hi, I've got a loan with Halifax for £3900 but can only afford to pay £30 a month off. Can I pay this off with a credit card and then transfer that to a 0% transfer credit card? What can I do to pay it off as quick as possible. Thanks in advance :D
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Halifax loan question
Hi all, Newbie here with a quick question that might sound a bit stupid so apologies in advance! I had a lot of credit troubles in my early twenties that lead to a lot of defaults, but they’re all paid off and dropped from my report around 2 years ago. My credit has been good since, I’m at 20% credit utilisation on my…
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Struggling with debt / need help
Hello. I hope someone can offer some useful advice, as ive exhausted my own. My girlfriend of 2 years has mountain of debt she accumulated when leaving her ex. Happily shes learnt her lesson but is stuck in a rut and cant get out. She has approx 18k debt over 5 credit cards and is always in her overdraft. She manages 90%…
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Loan for huge overdraft.
Hi, I was wondering if anyone is able to offer any advice at all on this please? Myself and OH are in the middle of clearing debts we've racked up over the past 10 years or so through our own fault and impulsiveness and we're in the process of clearing these down. We've cleared down by various means but we still have a…
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Shawbrook Bank Boiler Loan
Hi, I’m after advice and opinions. In Dec 2014 my daughters boiler stopped working, they got a quote from help-link of £2436, they had no savings so agreed to take out finance to get the boiler fitted. I have just cleared the debt after she has paid it for 5 years. Original loan amount £2436 Monthly payment £33.97 total…
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PCP and paying back
Hi, I have recently received an offer acceptance for my mortgage to complete by May (new build house). I am wanting to get a new car in the meantime. The car I am wanting gets £1750 dealer contribution if I get it on PCP and can scrap my car for £2500 (going for a Kia). If I get the PCP and then pay it off in the 14 day…
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Loan refused
How long should I wait before re-applying? I have cancelled a no longer used credit card and a store card that I had never bothred cancelling, and I have reduced my overdraft allowance from £2,000 to £500 as I don't go into it. Should I reapply to the same bank? Or best to try another? Loan amount is £21k, over 7 years.…
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Loan refused
Hello All, I just applied for a quote for a loan with a bank I've been with for 20+ years and they said I'm unlikely to get a loan! This is after I'd checked the Experian and MSE eligibility with a 90% chance of success. Reduced the loan amount needed and also the repayment period and still the same result. There are no…
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PCP without affordability checks
Hi All, So I applied for a PCP through JCT 600, who use volkswagen financial services. They have sent my application off without any income or expenditure details, the finance was rejected. I spoke to VWFS who said they had based the application off my application for my current car, which was over a year ago, since then I…
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CGT or Borrow
I am completing a house renovation and, as they always do, the costs have gone well over budget, partly because I have opted to include a Heat Source Pump and Solar Panels in the project. I have a reasonable small pension and a lot of Capital in investment funds plus £150k ISA. So I can certainly afford the renovation but…
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0% money transfer to part pay loan
Hi all I have a loan £7250 4.2% apr I have an offer on credit card 0% for 12 months (4% fee) would it be worth using this to pay £500 (max I can do) off the loan? Thanks
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Advice on very old potential debt
In late 2014, I received correspondence from a DCA acting on behalf of Barclays, pursuing a student overdraft of around £1k from 2003. I hadn't used this account in many years, well over six, and it is my belief (though, in full honesty, I can't actually remember, and can't prove anything) that it was closed a couple of…
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Car finance advice
Hi , Could you please give me some advice/guidance before I give out advice, Speaking to a relative earlier and was told she was paying 250pm for her current car at 10.9% :eek: , looking at her statement she says it’s circa £100pm interest and £150 off her bill which to me is ludicrous, she has no problem with the payments…
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Refund of Erudio/Honors Loans
Hi, I recently found out that I was 19 pounds below the threshold for the 2015/2016 financial year for a Mortgage Style Loan. As I changed jobs during the year(with one above the threshold and another below) I was making payments nearly all the way through. Now I seem to recall that Student Loans Company would refund the…
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Loan Applications
Hi There I am hoping for some advice here, the story is based on business however the overall theme is my loan situation. I required a business account, OD, 10K bank loans, Rent premises all of which required a credit check and got approved at the last hurdle my government funding fell through and will be reviewed again in…
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Creation
Hi, Need some help and not sure what my next steps should be. My dad sadly passed away earlier this month and I'm in the process of closing down his financial affairs. I've identified a payment going to Creation Finance and have contacted them by email (no response) and telephone. They asked me to post off a death…
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Mydreambudget.co.uk
Hi I was wondering if any1 could help with this... I recently tried to apply for a loan online as being self employed and having a few weeks with no work it been a difficult 2020 so far. First of all I was accepted from a company called savvy and I entered my bank details for the loan to be credited to my bank. No money…
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"Loan Settled" letter
I took out a loan recently and called to change the direct debit date for the first repayment. After the phone call I received a letter stating: "I am pleased to confirm that the above numbered agreement was settled on *date of phone call*" (Above numbered agreement refers to the loan account number). Since then I have…
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Wonga claim
Hi everyone, I used Wonga a few times years and years ago, and have had confirmation from them that I have a successful claim of compensation. I understand I should have confirmation of the amount, and the refund should be processed by the end of the month. I haven't heard anything more from them as yet - has anyone else?…
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Loan application and terms I did not agree to
I need some help for my aunty, who has recently been duped into a 10 year loan with tesco bank by a solar panel company. This is really long so sorry for lengthy read. My aunty had solar panels installed on her property which stopped working she contacted the insurance provider who said they didnt cover the repairs as they…
