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Loan Arrears Advice
I’m looking for some advice. I’m struggling to pay a loan back because of other commitments; mortgage, childcare, etc. I applied for a different loan but was given a rate of 19.9% when I’m currently paying 6.9% so there was a massive different in repayments to the point where I’d rather struggle than pay thousands extra…
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Ifa fee
Hi. I realise this varies depending on various factors, but just for an idea, any idea what fee I will be charged as a ball park for setting up a 30k secured loan? Im not in London. I've had about two or three cumulative hours advice discussing options so unsure if they'll charge for that within the fee? I'm just a bit…
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multiple personal loans HSBC
Dear all, I would like to get your advise on my loans as I am on a difficult situation. I am resident in UK and I banked with HSBC for almost 6 years now since I moved. I had 2 loans with them and now I need to take another one. It's not that I am a person who can't control my finances, just my family is in a big debt and…
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Car finance VS mortgage
So long story short, before meeting my now partner 18 months ago I’d taken out new finance on my car - Blackhorse (merc) - £2k deposit and £370 a month for 4 years... so back to now, I’m 18 months in and wanting to buy a house but struggling to find a decent rate as my outgoings are high but I can’t give the car back till…
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Secured loan into pension age
We took out a secured loan(2nd charge) some years ago and always thought it would end 2021, but now shocked it actually is 2031,by which time I will be 73 on a state pension. Do we have any claim on this as a missold product? originally First plus
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Completely new to feeling this worried!
Hi all, I feel super embarrassed having to post this but I need a little help. I’m with TSB at the moment and have two overdrafts (2 classic accs) - one for £1650 and one for £1600 (total £3250) . I am in them completely with my £1200 paycheck each month going into one, with £50 to the other to cover fees. I’ve kept them…
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Car Finance arrears
My son fell into arrears with his Motonovo finance falling 6 payments in arrears. In the early hours of this morning his car was clamped outside our house and then around 9am lifted and taken to a compound, we have no paperwork from the company who clamped it other than the notice on the windscreen saying it is illegal to…
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Student Loan debt - statue barred?
I've received a letter this morning from CCS regarding a student loan I took out with SFE. According to the letter I owe them £1,990. This is, apparently because I was given a grant for this figure, but should have been a loan. They then apparently paid me the loan as well. I have checked back through my notice of…
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Lowell solicitors
HI all, Please help me ,I took a loan in 2007 with Lloyd's Tsb, I was able to pay it back until 2010 l lost my job in 2010. In November 2019 Lowell solicitors sent me a letter that they are sending me to county court, I replied with a letter asking for prove of documentation that l owe and included a #1 postal order. They…
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Wedding Loan Split after Split
Hi all, thanks in advance for any help you can offer, or any light you can shed on my situation. I got a wedding loan out last year in order to pay for the wedding I was planning this year. As my (now ex) partner has a poor credit rating I took the loan out in my name only, with the agreement that as it was for the wedding…
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Advice on breach of loan and being a guarantor
I will try and keep what is a very long and messy situation as short as possible.... My partner owned his own business for 15 years. He was approached by a client whom he had built up a friendship with over a year or two. The offer was that she would become a majority shareholder of his business and in return he would…
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Personal loans
Does anyone know of a reason why my husband and I should not take out individual personal loans?
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Loan closed bar £5 final payment query
Hi, I have a loan with lloyds of which I paid off the balance of £9700 in full a week ago bar a final £5, the settlement figure was approx £9888 so an extra £188 in interest. After looking at previous posts during a search on mse forums I decided to pay it all apart from the £5 which I expected to be taken out plus 56 days…
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Charge Order Unsecured Loan
Evening all, just looking for some advice, please bare with my explanation. 15 years ago I took out a second charge secured loan on a property, it was repossessed in 2 years after my accounts defaulted. The account has now been passed on to a debt collection firm, I have paid some it off intermittently over the last decade…
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Personal Loan for rent before new job?
Hi all, Just have a little dilemma in my current situation I could use some help with. So I’ve been sober two and a half weeks, precipitated by being fired from two jobs and walking out of another due to a culmination of stress and degenerating mood (in hospitality). Because of this I’ve spent the last three weeks…
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Voluntary termination of car on HCP which needs repair as it is I drive able!
Hi, I have a car on HCP with Blackhorse which has 6 months remaining to pay. Last summer I had to shell out over £1500 on repairs and as the semi automatic clutch had now gone, I am facing another £1200 in repairs. The clutch has burnt out and I had to be towed by the RAC this morning so the car is currently not drive…
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Secured loans
I have 4 credit card amounting to £24,000 I pay £1,200 per month across all card which covers roughly the minimum payment so mainly interest. I have used the comparison site fluent money who have offered me a loan in principle but before they do a search on my credit file I wanted it ask what other option might be good to…
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Debt Consolidation Loan or Mortgage
I am very lucky to own my house outright after an inheritance. However, I want to consolidate some debts & make some further home improvements so do I go for a loan or a mortgage? If I went for a mortgage then what sort of mortgage do I need? I did previously own a house so I’m not a first time buyer. The mortgage interest…
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Loan or Remortgage?
A bit of help please - I got my house at a good price as it needed work, and I'd hoped to consolidate the debts I'd accrued when renovating it by getting a homeowners loan from HSBC (my mortgage provider), but I've failed thier affordability tests. I naively expected that this would be ok. There's no guarantee that I'll…
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Unknown term on my loan account
Please can anyone tell me what “c.off entry TNF” on my loan statement means? I’ve been in special measures with TSB due to having cancer and unable to meet my loan repayments. Basically, repayments were suspended until I returned to work and could afford the repayments. Suddenly, my loan balance is 0, and the above is what…
