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THE MONEY SHOP AND CREDIT RESOURCE SOLUTIONS
I need advice and I have looked on the forums for anyone in a similar position but cant seem to find anything. I received an email a week ago from Credit Resources Solutions on behalf of The Money Shop saying I am in arrears of a past loan by £296.34. I rang The Money Shop even though they are in liquidation they are still…
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Student Loan Thresholds 2020/2021
Hi all, Does anyone know the threshold for pre-1998/mortgage style student loans for 2020/21? I've seen the figures for the post 1998 student loans but nothing for my type of loan. I was close to the threshold last year so could do with getting a heads up! Many thanks.
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Repay loan using interest free credit card?
Hi folks, can anyone tell me if I can repay a loan with an interest free credit card? I have a good credit score and have requested an early settlement figure with 2 years to go on the loan. I just wondered if this is possible before I take out an interest free card or if any of you have experience of this? Regards, Lewis
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Loan to pay off PCP then Pay off loan
WE are looking at changing our car and have received a settlement figure. I have checked the market value and received quotes from Webuyanycar and they are near enough the same. 13k Settlement and £11k valuation. As we will be getting a HP or bank loan to purchase the next vehicle (around £24k) I was wondering it there are…
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Re calculating payments on loan
Hi In the pst I have experienced that when one wants to switch loan providers, the existing loan company can offer a recalculated loan deal and reducing loan repayments by lowering the interest rates. Has anybody got any knowledge if you can get Tescos bank to agree to a new loan with lower interest and lower repayments,…
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Can a so called friend write me down as guarantor for an amigo loan even though I have said no?
Someone I have known for a couple of years suddenly asked if I could be guarantor for a £3000 amigo loan so she didn't get charged interest from her credit card. I told her no but I am concerned she knows my address and possibly my account number as I have my debit card with me whilst at her house. Could she try and write…
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renewing contract for new car and licence not provisional
Hi guys, My cousin has got a car on PCP leasing and wants to trade up to a new car. She went to her dealer and started to go through the process, picked a car and the salesperson contacted Black Horse and they were happy with the trade up and started the paperwork for it. Now she had a phone call today from Vospers has now…
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Loan to family member
Back story: My parent lent a substantial amount of money to her sibling 5 years ago. My parent has since developed dementia, which is now severe and the relative is probably heading the same way. I reminded relative of this loan, which they said they had no knowledge of, but are now accepting that they probably did borrow…
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Interest on small director loan
Does director of a limited company need to pay interest to the company for small loans (let’s say £2000) if it is paid back in two months?
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Paying off PCP with a bank loan?
Hello, I am looking for some advice. I took out a four year PCP for my car . The car was 3 years old when I got it. The PCP finishes in Feb 2022. I really like the car and would like to keep it when the PCP finishes. The balloon payment is £6100. My friend thinks it would be a better idea for me to settle the PCP with a…
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Lloyds Personal Loan
Evening All Just wondered if anyone else had fallen foul of the Lloyds mobile banking app and their "Likely" status of being accepted for a Personal Loan. My Husband and I wanted to borrow an amount of money for some new doors and windows and according to his banking app, we were likely to be accepted for a sum of money…
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Evolution Money - Secured Loan Advice
Hiya all, We are around half way through repaying a £9k secured loan with Evolution Money. The loan has a variable interest rate, was taken out over 6 years and had a ridiculous amount of admin fees added to it, but we went for it anyway because our credit score had taken a beating due to my husband’s employment suffering…
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Should I pay personal loan in full now?
Hello, I have a personal loan with I took out around two years ago to buy a car. It was for £8,000 originally for a 48-month term at 2.8% APR. I've made 25 payments of £176.24 up till now. The current balance is is £3,943.78 and I got a settlement figure for £3,967.87. I have about £10k in savings and expecting to get c£6k…
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Amigo adds Interest to a loan paid off!!
I had (very stupidly) several loans with Amigo starting with a £4000.I then had a top up loan ( a new loan) as you cannot have 2 loans of £4750 of which i received just £496 as the rest went on the settle the old £4000 agreement.I then had 2 more top ups.I have successfully complained that I should never have been given…
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Pay off the credit cards with loan.
Hi there, I’ve been trying to understand how’s the credit score working. I find it hard to follow it. But my situation is; I’ve got 3 credit card in a debt credit agency. I’m paying those monthly but I got loads of missed payments. I’ve got a loan which is always up to date! And my phone bill which is got worst due to…
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(Very) Young person looking for first loan
Hi MSE Team and followers,Thank you in advance for any advice given, we will take on board and appreciate all comments.I am posting to explain my son's position; Callum is 19, he has just finished a college course and has planned to join the UK military at this point for many years. Unfortunately a medical condition has…
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Bounce Back Loans - Customer Loyalty for term of loan?
I’m a sole trader (coming up to 5 years). I’ve always banked with Co-operative with a personal bank account, avoiding the business account for fees as many sole traders do. I applied for a BBL with Co-operative, but had to open a business account first. I’ve done that and the BBL has been processed and it’s in the account.…
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Secured loan advise needed
I currently have a lot of debt around 40k on a combination of loans and credit cards. I’d like to consolidate my debt into one payment but don’t know if a secured loan is an option or in fact a good idea? I have around 65k equity in my house and earn 55k pa. I have never missed any payment of any kind and have a good…
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Kia pcp
I'm looking at a fresh car, the salesman has suggested using kia's pcp to get the Kia £500 contribution. He says I can cancel after 6 months and swop to a loan with no cost. Has anyone done this I have looked at the pcp paper work but can't see anything about canceling early.
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Applying for Loan after Payment Holiday
I took 3 months payment holiday during lockdown on the understanding that it didn't affect your credit rating and now it seems that banks may review your current account and reject a loan application due to a payment holiday. Regular payments have just started going out again. So my questions are...1) Would it help if we…
