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Pros/cons to paying off my Audi PCP loan early
Hello MSE forum, In March 2019 I took out a 48-month PCP loan on a new Audi; details below. Since then I've made 14 monthly payments and, according to Audi, my outstanding balance is £18,613 and my settlement figure stands at about £16,500 currently. I'm now in a position to settle up this balance, if this represents a…
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Making an additional payment to a PCP with Volkswagen finance.
I have a PCP with VW finance. It has 42 payments to go, if I was to make a payment of £4200, would this reduce my monthly payments by £100 or my final payment at the end? Given what is going on just now I’d like to reduce my monthly payments.
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118 money
Hello All, i got approved for a loan with 118 money on 17th march - great i thought. signed the agreement etc and got a text saying the money would be inmy account within 24hours... nothing arrived. so i logged on to the account and loan was live but i had a message saying my debit card details need updated so i tried this…
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A loan from the ex in laws
Just wondering if anyone can help me. Me and my husband are going through divorce. When we purchased our first flat they gave us money towards a deposit. Around 14k. At the time they gave us a loan agreement from a solictor, we never signed it and they gave us the money anyway. As our family expanded we needed a bigger…
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M&S Loan Payment Holiday agreed but payment has been taken
I applied and got a confirmation of approval text for a 3-month payment holiday, as part of M&S response to help customers due to COVID-19. Despite the approval, the monthly payment has been taken from my account today. Has anybody else had the same problem? Many thanks and stay safe!
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Ratesetter
Hi I have a ratesetter loan spread over another 4 years of payments of £152 per month which last year I took out for my bf. All in my name and he was making the payments (stupid I know) we have now broken up and hes threatening to stop making the payments which obviously I cant afford myself. My question is I'm in Northern…
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PPI - can it be reopened if proof found?
Hi all, Yes, another PPI question, but one I couldn't find answered anywhere. Last year, or possibly 2018, I tried to claim the PPI back from Northern Rock. Filled in the form, and they came back to me saying that they couldn't find anything. Fast forward to today, and I've found proof in a box of old stuff I was clearing…
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Late payment fee on Loan
Hi, I had 1 payment to make to finish a loan from peachy loans. I emailed them last week saying I would pay soon as I have available funds to which they said they would note it on my account. They didn’t advise me of receiving any late charges as a result.. Today they have put a £15 charge on for late payment and added…
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Loans for University Fees
Hello, I'm seeking some advice as I feel stuck in a rut right now. Nearly 2 years ago I applied to study Social Work at university and was accepted. My only problem was that I could not get tuition fees for my first year due to already studying at university for 2 years. I had a worse credit history back then but it's…
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University
Hi Good Morning, Could you please ask Martin Lewis a question? My son has been back at home from university for 6 weeks now. He emptied his room and handed his keys in as he is moving to new dwelling in September. The University are still asking for the next 3 months tuition fees and also the halls are asking for rent. The…
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Payment holiday
Has anyone managed to get a payment holiday on their loan not mortgage with Santander. I have spoken with them and they said they are not able to offer this option at this time and the website says information will be updated by the end of the week, which it said last week! It does say on the MSE website they are offering…
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Loan payment holiday
I have a secured business loan on my home I haven’t had the business for 14 years but still pay the loan, Lloyd’s set the account up as a loan servicing account so as to stop charges for a business I no longer have etc however according to Lloyd’s loan servicing accounts are not covered for payment holidays under the…
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Loan complaint not upheld but offered good will gesture
Hi I just wanted some advice regarding what to do next after my complaint not being upheld by safety net credit, but a good will gesture instead offered. They have offered to clear my balance of around £1200 and be marked as settled. To give an idea, between February 2015 and November 2016 I repaid £17,600 roughly. I was…
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Klarna bank have terminated my account and demanding the full balance
Hi guys. Wondered if I could get some advice please. I opened a Klarna account last September, to pay for some veterinary treatment for my dog. The account was set up through the vet (a specialist known on TV) and the total came to around £670. When setting up the account, I was under the impression that a direct debit had…
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Lender in administration can the data on credit report be removed?
If a pay day loan company has gone into administration, can negative data be removed immediately from my credit file. Is there legislation surrounding this and can I ask the credit references agencies to remove the data. For example defaults or CCJ or any association with the lending organisation? I also have irresponsible…
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Loan rate rip-off?
Hi, Just had to comment on the loan rates being advertised on here and numerous other sites, and what is actually offered. I recently applied for a Santander (via Cahoot) loan of £12,000 over 4 years at an advertised rate of 2.8%. I got immediate confirmation that I had been successful, but at 12.9% which would be an extra…
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Paying off Hire Purchase with Personal Loan
Hello guys I'm.looking for some advice I bought a car on hire purchase over back in october over 5 years with APR at 13.9 percent. I pay about 127 pounds a month and though I can afford this I looked at the settlement figure and was quoted 5188 pounds and had a look and with my bank I could get a personal loan for this at…
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Lease extension - remortgage or loan
Hi all, I was hoping you may be able to offer some advice. I am looking to extend the lease on my flat which is likely to cost around £16,000 including all fees. I have some savings, but can't cover the total cost without a loan of some sort (and I am reluctant to spend any of my rainy day fund given current climate). I am…
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Barclays 21%
Ok
where to start, I am a normal person trying to do good by my family as everyone
else is, Earn your money pay your bills, Any money left over I buy things for
family, I have hobbies, so not a bad life, Love my wife and Kids to the moon
and back, Don't usually watch the news or read papers , as its all doom and
gloom,…
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What's in it for a company offering a 0% interest loan?
I'm considering buying something and the company offers a 0% interest loan (unsecured) which is financed by a third party loan company (secure trust bank plc). So the company gets paid in full by the loan company takes the risk of me paying them back, except they don't even get any interest from taking that risk. So what's…
