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Loan to relative and partner to help buy first house / flat and how to approach any agreements.
I have a relative nephew who is self employed and successful and living with a partner. As a couple they would like me to help them out with a personal loan to buy their first property in an up and coming area of Manchester. I am not mad on the idea but am open to consider it. I am not sure quite how to go about it. How to…
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MOT fail and car finance
Hi, was wondering if we can get some advice. Our car has just failed its MOT and its going to cost a quite a bit to fix and we also have things that need fixing on the car. we have already spent money on the car getting fixed but its still not right. we still have a small amount of finance to pay which is less than the…
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were these payday loans?
Hi Everyone Im in the process of sorting out my finances - im getting there and working hard to achieve that holy grail of getting a mortgage for myself and the family. going back to 2016 my world was a bit different and I took out short term loans with lending stream and also Satsuma loans. Im a bit confused as both say…
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CCJ ADVICE PLEASE
Hi, I took out a payday loan with cash float (Western circle) in 2016 I defaulted and got into trouble with them in NOV 2018 they took me to court and obviously I lost despite my plea to court for help against this ruthless company my defence was “struck out” anyway I was issued with a CCJ and awaited recovery action from…
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Credit agreement with Dreams
Last Sunday me and my wife went to dreams and bought a bed and mattress on their 0% finance agreement. We have since had to change our plans and no longer need the bed. I called up to tell them I no longer needed the bed but still wanted the mattress. They said said that there is a 20% fee on the value of the cancelled…
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Getting spammed after misleading page?
Hi, I recently clicked on a website and applied for a loan, and now I'm getting several texts a day. The website has in big clear letters "Short terms loans, direct lender" at the top of the page, it's only if you you read other parts of the site it states that they're also a broker. Should this not be on the front page…
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Repaid personal loan early, any advantage/disadvantage applying for another loan with same provider?
Hi, Does anyone have any experience of this? I took out a loan with The Post Office in December 2019 and due to an unforeseen change of plans decided it wasn't the right time and I repaid the full amount within the very first month (January 2020). My plans are now back to where they were 8 months ago and I need to take out…
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Santander Loan - I'VE BEEN CHARGED ALMOST 3x MORE THAN I SHOULD HAVE!! Have you?
I noticed yesterday that my £18,000 loan was being charged interest of 7.9% APR instead of the 2.8% I signed up for! I took out a loan with Santander in February to pay off my car finance. I looked into making an over payment yesterday and in doing so I inadvertently clicked the 'more details' button for the loan. In my…
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Personal loan to go towards mortgage deposit
Hi,Is anybody aware of any loan providers who offer personal loans that can be used towards a deposit for a mortgage? Due to COVID and less lower LTV products available, we have been advised to get a personal loan to top up the deposit from 10% to 15%. Problem is - I haven’t been able to find anyone who will lend for this…
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Pay off loan or keep the savings?
My last debt (bar my mortgage) is a loan, current balance is £10500. I have 3 years left at a payment of just over £300 a month. Interest is about 3%. I have been saving hard the last couple of years and have just under 12k in savings earning 1.5%. It makes sense to pay off the loan comparing the interest rates but given…
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Moved: Amigo loan interest refund
This discussion has been moved.
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Paying interest due to pay date on weekends
Hello, I’m new here and this is my first post so, sorry in advance if its been covered before. Anyway... just wondering if i can get some advise. I took out a personal loan last year for £7,000 over 2 years with interest it works out to be about £7,560. I get paid on the 28th of every month so i set my payment date for the…
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Buddyloans - Complaint for mis-sold guarantor loan
I have used the resolver complaint escalation system and had a response from Buddyloans threaten they would report me to Cifas by claiming I lied on my application towards affordability. Has anyone else had this as their final response?
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Car dealer deposit.
Hi, all. We recently saw a car we liked and arranged a test drive. All was well with the car, we were trading a car and the rest on finance. We reached a point where finance was proposed and a figure was generated. This was a Sunday, so we wouldn't find out what the score was until Monday. I paid a 'holding deposit' of…
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Bank Hire Purchase vs Bank Loan and mortgages
Hi! My car is 13 years old now, has topped 110k miles and is a hot hatchback in a high insurance group - it's getting increasingly costly to keep on the road and the MPG is rubbish. Time for a new (used) car really I think, one I can keep for another 5+ years like this one. Looking to spend a good 8-10k on something decent…
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Credit Rating Intrigue
Interesting.
So I get turned down on a loan from the Post Office via Money Saving Expert
(Martin Lewis) due to a credit report they get back from Experian. MSE advises
not to apply for a loan to another lender since this would adversely impact on
my credit rating. So,
I approach Experian and subscribe to their free basic…
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Open University Postgraduate Module loan, contract unlawful under consumer credit act?
Hi, I'm thinking of taking the open university to small claims court as I withdrew from one of their postgraduate engineering modules, and they are charging me the full fee. I paid for the module by taking the OUBUSA loan. Now as this is a loan, I am protected by the consumer credit act. However the module contract…
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Are there any postgraduate study loans to cover living expenses?
Hi all, I'm trying to help a friend get himself into further studies. He's a mature student and just finishing his undergrad and wants to carry on to pursue a Masters or possibly even a PhD (as recommended by his tutor). He's worked really hard, made great progress and gotten superb grades. The only problem now seems to be…
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Loans - better to get 2 x small loans or one big one? (around 25K)
Hi I'm looking to borrow about £25,000 very soon but wondered if it's better to get two smaller loans or one for the whole amount? Is it a big no no to apply for 2 x smaller loans at the same time? Ideally I'd like the whole amount within 1 month but I wouldn't want to jeopardize my chances of getting the second loan if I…
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Financial novice needs help with car purchase financing dilemma
The dilemma is this: I want to buy my car, which is coming to the end of its PCP, and then sell it right away for a profit (my balloon payment is £4500 and the car is supposedly worth around £6000). I have the money, but it's mostly in a Help to Buy ISA. I don't want to do anything that will negatively impact my ability to…
