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Issues with Erudio Student Loan
Hello, I have 4 mortgage style Student Loans, 3 with the student loan company, which I have no problems with and 1 with Erudio. I defer all 4 loans on an annual basis, normally together with the student loan company managing this, this has continued to date, although honestly I am unsure about whether the Erudio loan was…
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Financed Car was crashed into, only have third party fire and theft a
Hi guys i need advice, my car (Peugeot 107) was crashed into by a cab driver on Friday on my way to work, it flipped and the sides were damaged as well as the roof, I’m pretty sure it’s a write off, it’s on finance and only just got it. Insurance is third party fire and theft, I don’t know what to do because if the cab…
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MYJAR/ 247 Moneybox/ Hoist help please
Hi folks, have been in the processing of sorting out previous debts and what not for a long time now. Without getting into my life story as to why or what happened that I ended up in this situation I'd like some advice and help please. One of these was a payday loan with MYJAR which I originally took out on 01/05/2015.…
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Interest taken by banks before loan principal.
Hi, I recently tried to pay back a loan half way through the term. I found that the interest was taken in the first half of the term and the loan amount had not been touched at all! Should the original amount not have been paid from the first instalment onwards, along with interest? I feel I am trapped in this loan as it…
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Pay day loans
Can anyone recommend a pay day loan business I need small loan That I can lay back in 5 days the minimum terms seem to be based on 3 months
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Interest changing
Hi, so I have a loan at a stupid rate of interest (long story) but I’m currently seeing that whilst my monthly payments aren’t changing I am sometimes being charged more interest than the previous month? I’ve checked and this has nothing to do with the amount of days in the month and my interest is APR so surely it should…
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Amigo loan guarantor
I have complained using the resolver form about being accepted as an Amigo guarantor and have made a request to be released. Should I wait for a resolution or should I pay the loan off now and then claim a refund later?
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PCP income to loan ratio?
We're looking at options for buying a new EV. We've got loads of equity but fairly low income. Because our mortgage payments are really low we've got quite a bit of disposable income and we are willing to spend a fair chunk on going electric. Is there a golden rule for income to loan ratio for buying a vehicle, similar to…
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Large unsecured loans. Help! Coronavirus problems
Hi, I'll start by quickly telling my story so it's easier to understand so anyone that knows anything can offer some advice. Over a year and half ago we moved into a static caravan with two young children, the plan was to build a log cabin within the caravan act with a large loan, we checked what we could get before the…
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Bank issuing Defaults when I'm actually paying
B'ham midshires keeps defaulting my account even though I am making payments. I call and complain and they give me money to say sorry and put it right. Months later it starts happening again so I call etc. 2 years this has been going on and its affecting my credit rating. 3 weeks ago was the last complaint. BM said they…
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Bounce Back Loand
Hello, today I came across something new about the Bounce Back Loans. I heard from a friend of mine who is self-employed businessman that he is in the process of getting the Bounce back loan but first bank asked him the tax returns of year 2018/2019 which he defiantly provided. Then bank ask him the proof of paid tax…
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Car leasing v's PCP
Hi, does anyone that has leased a car have any advice for me please? Id like to get a new DS3. I usually go for the PCP option, but the salesman suggested leasing as it is cheaper a month. Same deposit on both and leasing also gives me free servicing and tax. It works out about £100 cheaper a month. Anyone who can help me…
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Sainsburys Bank
Hi we are at our wits end with Sainsburys bank. For the last 2 months we have been trying to obtain a settlement figure from them. Because our loan was pre December 2017 it is on their legacy system. We have put a complaint in to Chief Executive office and 2 weeks down the line no further forward. We need a settlement…
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Bounce Back Loan - What can it be used for?
Hi, We have had a BBL approved however we are now confused over what we can use it for? We planned it to allow our business to grow following our loss of growth during COVID lockdown, by purchasing equipment that we were otherwise going to lease purchase. However in our documentation - it states we can not use it to…
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Personnal loan declined. Next step.
Hi, just looking for some advice. Just had a personal loan application refused this morning. My credit score is 935 with Experian, Never default on a payment etc.. etc.. Home owner.Just wondering if I am okay to apply for a loan with someone else?. I have another company showing on experian 95% approval. (The one I tried…
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Salary Sacrifice Loans Scheme
MY employer has recently introduced an option for finance with payments taken direct from my pay packet, offered by a company called Salary Finance.
I currently have around £8000 of credit on credit cards and was wondering if this would be a better option for me?
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Moved: Advice Required on Debt
This discussion has been moved.
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Pay off PCP early??
Hi I have a car, financed with PCP. Payments are £400 per month, which finish in April 2022, with the final balance payment circa £9k. Total payment if I let the PCP run for its' lifetime including final balance payment would be circa £17k. APR on PCP is 7.6% I've obtained a settlement figure today which is £15,700. I'm…
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Can you be taken to Small Claims Court over a loan from a friend?
So an acquaintance of mine is currently getting extremely stressed over this situation, I have tried telling him I don't think this person has a case but I want to ask here to get other opinions... Basically, a friend of his lent him £1,000 before furlough, and it was agreed he'd pay her back as soon as he could. When he…
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Applying for new loan with same company as have a loan with?
Hi, we have a loan with the Post Office (never missed a payment) but after looking at the eligibility tool on here, I see that if we were to apply for a new loan, I have a supposed 95% chance of success with them. However, are there any issues of applying for a new loan with a company that we already have a loan with?
