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young people trying to get a small loan but with no credit score
I have been looking into loans on behalf of a friend as he has no real credit rating as he's young and paid everything out right and it has now become a issue as he is looking for a short term loan of £1000 and repaid in a year however as he hasn't had anything to show his credit score or his money management all the…
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Bank loans - no new loans being offered by major banks
Has anyone else been told when contacting loan companies that no new loans are being offered, other than emergency loans up to £2,000 for key workers? Quite a few banks have suggested they were following guidelines from the FCA to do no further lending when COVID hit and now they are following their own guidelines.
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Tide halts bounce back loan lending leaving 10,000s stuck on its waiting list - MSE News
See our MSE News story: Tide halts bounce back loan lending leaving 10,000s stuck on its waiting list
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Guarantor Loan - Can I claim the money back from the borrower?
Hello, I'm new to this site but I was wondering if some advice could be given please. Two years ago, I was manipulated into signing up to being a guarantor for my toxic ex-girlfriend to get a loan from Amigo Loans and have been saddled with repaying this loan since Day One because she has defaulted each month. I have paid…
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Question about Car Finance HCP with agreement secured against the house
Hi I took out a HCP in November 2018 with a Finance company beginning with B for a Nissan X Trail 2015 model circa ~£15k. It is a 5year agreement however I was not informed that in the event of any late payments/missed payments they may repossess the house. I am not a registered business, rather a straightforward employee…
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Clear loan with savings and credit card?
I have a loan with Admiral which I owe £8k on. It is low 4.9% apr. I pay £225 per month I have £4k savings I'm a wondering if I should money transfer £4000 on credit card at 4.9% too with no fee for 4 years and clear the loan then have a lot lower monthly payment or am I best keeping cash? And carrying on with loan for…
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Lease car and illness
What happens in the event of serious illness where you’re told you can’t drive and you need to give a lease car back. Do you still have to pay the (massive) difference? Do the companies make provision for this type of occurrence (it’s Ford Credit).
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Woefully complex financial situation of debts and lack of income yet with equity in a UK property
Hello,After a long period of avoiding my financial issues due to mental health issues (I'm bi-polar with a sleep disease) I have finally taken stock, mostly due to an increase in the frequency of actively thinking suicidal thoughts and a desire to look after my dependents.I have a flat with my ex in the UK worth >£550,000…
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Bulk loan - charge on property
Hi, I am owed a substantial amount of money from a business, however they are not trading currently. When they are back open, i have been speaking with the client & trying to find a solution where they can get a bulk loan or charge on their property regarding the outstanding money they owe. We are on good terms however of…
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My Partner is Unemployed with £20k Debt
Hi Everyone, I am sorry if this isn't the right place to post this. Me and my partner are 30 years old, and we have been together for nearly 3 years. I have just purchased my first property solely in my name, and my finances are in good order. Unfortunately, my partner's finances are in shambles. I knew that she had some…
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Company in Administration
I purchased £12000 worth of replacement double glazing in 2012 with Everest Ltd through 10 year Finance and have now got a large split in one door. Contacted Everest who advised they had gone into Administration due to the Coronavirus and therefore could not honour 10 year guarantee. They advised they had started a new…
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Advice please on borrowing for a business
Hi all, im actually wanting advice on going down the right route, i am looking at borrowing to purchase a livery yard to run as a business with my wife, i have £180,000 left on my mortgage and about the same in capital on the house, im going to need in excess of £500,00 what would be the best avenue to go down a re…
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Can I get off a policy?
Hello everyone, I'm not doing this to be small or out of spite but my partner of 4 years recently left me and took the car which is fine I don't drive but I Co signed the loan for the car and I don't have any access to the car plus its litteraly 95% of my credit file I have £10000 debt on the car and a £1000 personal loan…
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Advice for redundancy
My husband has started his 12 week notice period today. He has been offered the opportunity to apply for a different role in the company which he has. However, he has also been applying for other jobs and has an interview in a few days. I’m after some advice because the union rep has said that they could actually sale him…
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Using a credit card to pay off loan?
Hi, I had a loan was originally 14500 over 3 years, paying £433 a month at an interest rate of 4.9%. During lockdown I have been able to bring that amount down to £5941 and I am putting everything thats left in my current account each month (average £1300) to pay it off. This will change when I get back to work though and…
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Multiple purpose loan
Hi everyone I have a couple of questions about taking a loan. First of all, I am considering taking a loan to replace my car - it won't pass the MOT I am sure - and to refurbish the bathroom. Over a 7 years term, with my credit score of 989 (Experian), if I usedcused AAcAA, it could come up payments of about £330/month for…
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First Direct Loan Overpayment Query
Hello, I originally borrowed £15,000 from First Direct over 84 months with a APR of 7.5. I have 57 payments remaining to make however in a better financial position to overpay now and believe I can clear the loan by August 2021. Would I be better overpaying each month to reduce the balance or putting the extra back each…
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Significantly Different Loan APR Rate Offers
I used the 'Loan Eligibility Calculator' at moneysavingexpert.com and applied, via the links given, for the 'top of the list' lowest rate with Cahoot at 3.84%. I received an email from Santander (Cahoot are a division of Santander UK plc) offering me a loan at 17.9% APR and was advised "This rate is based on an assessment…
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Legal costs (Sears Tooth)
Hi all, I’m going through court for a financial settlement with my ex wife. I’ve gone through the FDA now going to court for the FDR. I’ve paid £5000 in solicitor fees so far but have ran out of money. I’ve tried to find a solicitor that recognises Sears Tooth but to no avail. Can anyone advise me how I get a loan as I…
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Irresponsible lending, sunny and dmp
Hi I have quite a complicated question not sure if anyone can help? I sort FMA last year and entered into a debt management plan with step change. They have been great and I’ve been paying my monthly payments without fail. Anyway I’ve always thought that sunny lent to me irresponsibility as I was getting loan after loan…
