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Dwp
Dwp budget loan can't get through to find out my progress, I've put in for a loan 7 weeks ago online and can't get through.
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British Citizen - Residency in Question for Student Finance Loan
I'm a British Citizen, I was born in England and have lived here for more than 20 years. In March 2014 I travelled to China to get a job as an English Language Teacher, as I couldn't find a job here. My experience in China was very bad and I ended up getting stuck in Hong Kong with very little money. I then travelled to…
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PCP & Car values (Coronavirus)
I am coming towards the end of my PCP and will have the option to buy the car, but trying to remember how this works as no matter what happens outside of the agreement, for that option, you pay what is agreed in the paperwork, but..... Do you think car values will go down due to CV19? I don't mind the car, but am thinking…
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Student loans effect on Universal credit
I am a student and am soon applying for my next year of loans. However, in my out of term address, i plan to move in with my Dad. Where currently i live with my Mum. The issue is how will my student loan effect my Dads Universal Credit? Will the UC amount decline ? Or does it not effect it at all?
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New Build
My sister and I inherited some land and have now got planning permission to build a house on it. We are about to try and arrange a loan to build the house. Due to the coronavirus situation should wait before either trying to arrange the loan and/or engaging a building firm?
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loan maintenance charge
I took out a loan of £7000 in january 2020 at 7.9% (or thereabouts) with monthly repayments of £218 over 36 months. but i've seen that i've being debited an additional £39-45 a month- like an overdraft fee (my current balance to pay off is £6475, when it actually should be £6346...so the amount to repay is increasing) Is…
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PCP calculations
Hi This is my first post so please bear with me. Ian looking to build an excel spreadsheet to calculate all the permatations of a PCP deal it is a project for my advanced excel course can anyone help? Thanks
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Amigo loans sold to First Credit (Intrum?) - please help
Good afternoon, Long story short: 1. I took out a loan with Amigo in mid 2015 for a close friend who needed cash. The formal reason given to Amigo was - I wanted to go on holiday (yeah, right, lol). No checks were done on the side of Amigo regarding purpose of the loan and affordability. 2. The loan is in my name and my…
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No Debt consolidation loans available
Hi, I've been looking to get a £12,000 loan for debt consolidation. I've tried all the compare sites and I'm getting nothing back. Could this be because of the corona virus? or am I too much of a risk?
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Letter from J D Williams
Has anyone received a letter from J D Williams asking to pay more than your minimum payment or risk the account suspended . This was sent to my mother-in-law, this is the second time apparently she upped her payments by nearly £20 a month then ordered something else but still pays the extra a month. Now she gets this…
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Not getting the services I took a loan out for
I took out a 12 month interest free payment loan through a small private dental practice to have some dental work done (cost approx £6000). The Dental practice is only doing emergency dental treatment so I am not having any treatment done at this time, Do I still have to make payments? I asked the loan company and they…
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Litigation Loan and Divorce
I've been a victim of one of these litigation loans for divorce, and have been contacted by a number of other people who are also victims. The MO is you go to a solicitor for advice on marriage breakdown, and they pressure sell a loan with a loan company you will never have heard of, these loans charge up to 25% interest,…
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Paying off a loan with savings whilst saving for a house
Hi MSE community! Can I please request your help? I have £8000 in savings earning 1.5% but have a £14000 outstanding loan balance at 4.9%. I know that its better to pay off debt before saving as the interest is higher on the debt but is this the same when saving for your first house. If I pay off the loan I will be losing…
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Toyota - no payment holiday!
I am a self-emplyed plumber and currently only attending emergencies, needless to say business is slow. I've just logged in to my Toyota Finance to try and organise a payment holiday, their website states that it is not company policy to offer this. When I search for their general Covid-19 information, Toyota request that…
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Car Finance
Hi...I took out finance on a car in december 2019 but wrote it off this week. It's not covered by the insurance but the finance company have told me I can either keep paying for it or just stop...in which case they write it off as a bad debt and it's done with. Obviously it would be a 6 year default on my credit rating but…
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Creation Finance
First post here but hoping for some advice! We purchased a sofa last year through Sofology and at the time as we were ongoing with a bit of a ‘project’ house we decided to take advantage of the 0% finance option through Creation to take the pressure off a little at the time. The initial order was amended so we had to go…
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Small Business Loans RBS Interest Rates
Good afternoon everyone. I am the manager at a small business - a design consultancy - and we have applied for the coronavirus support loan. RBS is currently charging 7,79‰ interest rate. We found it absolutely outrageous given that the Bank of England interest rates are now at 0,8‰. Has anyone else been facing this issue?…
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Car loan
I was looking to get a loan for a new car before we went into lockdown. Now the interest rates have dropped is it still wise to take out a loan even though I don’t know when I’ll be able to purchase the car? I think a loan would be cheaper than finance in the long run. Any advice would be greatly appreciated. Thank you
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Moving overseas - best option for terminating car PCP agreement?
Hello forum members, I am just over 1 year into a 4 year agreement on a new Audi (arranged with the Audi dealer through Volkswagen Financial Services). I think it is a PCP deal as there is a lump sum payment at the end of the deal if I want to keep the car, although the contract is headed 'Hire Purchase Agreement'. I've…
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Declined loan but incorrect info held
Good afternoon all, I have applied for a loan extension with my bank Natwest, I have been declined and when I asked why they advised that the was a query regarding bankruptcy showing, and I would need to speak to the 3 credit reference agencies they us if this was incorrect, I have never been made bankruptcy or applied for…
