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Maintenance loan
I am considering becoming a full time student in my local college. I have been trying to find a student maintenance loan calculator to see if I qualify for loans or grants but cannot find anything. Maybe someone knows a link? My personal circumstances are I own my own home outright, my live in partner earns £24000 per…
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PayPal Credit Default
I took out a facility with PayPal credit at Christmas 2017. There is no chance they should have leant to me at the time. My situation was terrible and I had maxed all facilities. The following august I placed a complaint with the financial ombudsman regarding irresponsible lending. That October I became very ill which…
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Loans declined despite 95% pre acceptance rate
Hi I am looking to take out a £10k loan as my car PCP is coming up and I want to pay off the balloon payment. I have both Clear Score and the MSE loan checker giving me multiple 95% chances of being accepted. Clicked through to AA (95%) did their loan checker, came back 0% don’t bother applying. Post office at 95% exact…
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Loan paid extra payment request
I had a 36 month loan with Avant Credit UK which I paid in full across the term of the loan. Following the final payment they say I owe a further payment of almost £70 to ‘close the account’. They are not responding to any requests for explanation. There have been no late payments/payment holidays. Does anybody have any…
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Bridging Finance
Has anyone had experience of using bridging and are happy to recommend a company ? We are buying a property for £368,000.00 (using savings) and intended to use £70,000.00 from the sale of a BTL flat to complete the balance. Despite having sold early January we have still not even exchanged, never mind complete, with no…
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I have loans, is debt consolidation or remortgage best new options?
Hi, everyone. want to keep this short as possible, I have a mortgage, and three unsecured loans, for a car, a bathroom loan and a kitchen loan. so i've had new kitchen and Bathroom fitted. I am paying £900 a month for these, nearly double my mortgage cost per month, as it happens the house is old, and the roof has been…
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final settlement paid then asked to pay more
HI looking for some help. My wife and I paid off our seperate loans with Sainsbury's in May, we phoned and received a settlement figure which was valid up until a cetain date which I can't recall but it was at least a couple of weeks. How ever we paid the settlement figure within 24 hours. Forwad to June we receive a bill…
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AA Loans
Hi, A quick heads up from my experience from AA about my loan. I was gifted a 3 month payment holiday from AA loans, Eg: I pay my loan of £232 on the 9th of every month. I called on the 3rd of April to ask for a payment holiday which they granted but unfortunately due to my next payment being only 6 days away (9th April…
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My son's massive student overdraft debt
Good afternoon all, Long story short, my son has dropped out from university mainly because he has a drug problem, this has come as a total shock for us and we have found out he has 6k of overdraft debt over 3 accounts, 1k with Lloyds, 2k with Natwest and 3k with Nationwide, the Lloyds account is a normal account so there…
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Elegibility during covid
Hi, Im looking to borrow to purchase a car through a personal loan (my wife is expecting our 2nd child so need a bigger car!) and want a reasonable repayment plan, with fixed installments. I have a good credit score (975) with Experian, yet I am not eligible for any personal loans under 9.9%! We have a reasonable household…
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Maintenance Loan for college?
Hello! I am going back to college at age 23, I am on the verge of becoming homeless, social housing aren't responding to me (been trying to contact them for 3 months now via phone calls and email). And I would like to ask, as searching online hasn't given me a clear answer, am I able to use Student Finance England for a…
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Erudio student loan-writing off
I have a pre 1998 student loan which is now handled by Erudio. I understand that this should be written off 25 years after the first payment of my final year loan. This will be later this year. Does anyone know if this just gets wiped automatically or would I need to contact Erudio to request this?
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Declined Loan -Advice needed going forward ….
Hi, Looking for some advice after getting declined for a loan. I have been with my bank Lloyds for 20 yrs. I earn £22,750 a year before tax. Full time employment in same job for 12 yrs My debts are Mortgage - Just got in November and my half of share is £300 ( half as live with partner) Loan with AA - took out loan for…
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Hire purchase - high settlement statement
Hi All, I took van on hire purchase agreement in march. Loan was £9317 at 6.27% for 60 months, interest £2921, monthly payments of £203.98, final purchase fee £1. I have paid 3x instalments so total £611.94. Today i requested settlement statement and they sent one as follow: Amount payable to settle agreement (before any…
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Change a Joint mortgage to a single person
We still have a product but if partner moves out and I want to put mortgage in sole name what is the process. LTV 35% £360K Im not sure what multipliers they use for income either but may want to take another 10k. Any advice welcomed
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Student load repayment
I graduated uni in 2006. I hardly paid anything off my student loan while employed. I had a letter today asking to update my employment status. I am a stay at home mum and have been for 18 months if I declare as this, will my husband have to pick up the payments the payments? The paperwork is confusing! Thanks.
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Use LISA to pay off DEBT?
Hi guys, I have a £5500 loan at (4.9%) and £6500 in a LISA (earning 1%). I believe that due to COVID the penalty for withdrawing a LISA has been lowered to 20% rather than 25%. If I withdraw, does this mean I just lose the bonus and none of my own money? If so, is it advisable to withdraw the LISA and pay the loan off?…
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Can I use a loan to buy a house out right - I don't mean to use as a deposit
Hi, I have found a property I am interested in making an offer. It's an older house that needs a small bit of work to make it liveable, but has great potential for building on. It is advertised for in the region of €70. Yes it is in Ireland and I live in Scotland. I can't get a mortgage in Ireland until I live there for 6…
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Student loan repayment
Would be helpful if someone had advice on my situation with my student loan. I started university in September of 2019 but dropped out roughly 6-7 weeks into the course. The reason I dropped out was due to the fact that my major and minor courses I had chosen had a timetable clash and I was unable to do both (the…
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Can't get a loan due to banks changing affordability criteria for contractors
I've just learned that I can't take out any additional lending against my mortgage or a personal loan because lenders have changed their affordability criteria, and especially for people on fixed term contracts who are now considered high risk. (I work in the charity sector.) I have essential repairs that need to be…
