Loans

Archives for January 2021

Car loan advice
I am trying to decide wither I am better to buy a used (newish) car using a bank loan or save up for the next 4 years and buy one outright then. I have paid off my current car and it will likely last me the next 4 years so this will give me a chance to save. But with interest rates being so low currently I'm m not sure if…
Used credit card to make overpayments on loan ... hear me out!
I feel like I know the answer to this one, but it might be worth asking. I have a cashback credit card that I pay back every month by DD. I also have a loan. Can I use the cashback credit card to make over payments on my loan, hence earning cashback on the overpayment?
Loan advice / Available credit
Hi all, I wonder if someone would be kind enough to help me with a little advice. I’m in the process of buying a house that needs quite a lot of work on it. To facilitate this I want to take out a loan of £20k over 7 years (as I’ve noticed rates seem reasonably low right now). I don’t plan to apply into in the house as I…
Personal loan for full-time study
So, I am currently in full-time employment. I am looking to study a full-time, two-year MSc but there is no option in Northern Ireland for post-grad student loans that can assist in maintenance/living expenses. I've never had a personal loan and have all credit paid off. Is it bad to apply for a personal loan, over a…
Car loan and ULEZ misery!!!!!!!
I am completely stuck and need advice on what to do regarding the car loan I have. I bought my dream car 2 years ago as I had worked hard and paid off my loans, fed up with bangers I thought right I'm going to spoil myself. Worked all my life and deserved it. I live near the Excel in the horrendous London Borough of Newham…
Speculating the availability of 0% balance transfer credit cards instead of getting a loan
We need to borrow £8500 We have £10k available on a money transfer card, 4% fee, 0% interest for 12 months (we have this card already with £0 balance) The cheapest loan we can find is 5.8% interest The current best balance transfer card with 0% fee is 26 months We wouldn't be able to pay off the full £8500 in 12 months,…
Advanced Learner Loan
I am starting a course in February, I already have a student loan from my university study. Would the advanced learner loan I would take out for this course be separate or will it be added to my total loan? Eg will I therefore I pay back the same monthly amount I do now or will I pay a separate monthly sum for this…
Bank error?
Not sure if you remember anyway nationwide promise to remove my 2 defaults and rewrite both loans It’s been over 8 weeks and defaults still on, in complaiment it said give it 8 weeks, now they saying after remoter been done Rewrites done a few days ago. They just put 4k in my account I didn’t apply for a loan, and wouldn’t…
Self employed and IVA
Hi people!! I currently have an IVA and with pushback of the grant until March is there anything else out there for help? I can’t have a BBS because of my credit. I’ve applied for over 100 jobs however due to childcare it’s hard to find that with everything going off! Please help. Thank you for your time.
Barclays Partner Finance / DFS
Good morning everyone I do hope you are all very well during these extraordinary times! I'm hoping you may be able to help me with an avenue of contact with Barclays Partner Finance and/or Moorcroft Group. I do hope my letter/email to Moorcroft Group will help to explain my individual situation, but in short the following…
Barclays First Plus Loans interest rates
After 10+ years of campaigning against Barclays FP loan clause fairness the FOS has done a complete U turn and there is now a willingness to find in favour of complainants and for the above to negotiate settlement terms for customers who complained over the interest clause. I have contacted the FOS asking them to review…
Personal loan started before contract completed
In November 2020 I entered a contract for some new windows with one of the nationally recognised brands (regrets, I have a lot). Due to the Covid crisis, I decided to pay the entire value of the contract on finance, primarily due to the significantly lower deposit requirement. The finance was arranged by the company from…
loan
hi everyonei have a loan set at 7.9% and it finishes in feb 2023, im wondering how much i would save if i got a loan at 2.%9 which i have been offered and turned down is it worth the hassle of changing everything as its only 5%saving or should i leave it as i will only be saving pennies ?
Amigo Loans
I’ve been reading a lot about the current situation with Amigo Loans relating to claims for mis-selling. I have a loan with Amigo with a balance of over £3k and although it helped me at the time when I first took it out, I have really regretted it ever since. I won’t go into my personal situation but I am looking at making…
Tesco
Just transferred just over £4k to my loan-thus wiping it. The last payment meant to be Feb next year I think. Been putting extra towards it last year and they reduced it further with adjustments. Annual rate of interest (nominal)5.7462%£303.92 payment due 25 February 2021 Your final payment date will be 25 July 2022 Was…
firstplus interest rates
I had a loan with Barclays Firstplus (Elderbridge) the interest rate was very high on it as it did not reduce to reflect the reduction in BofE base rates. So my question is has anyone had any success in complaining about this and getting some redress?? Thanks in advance
Student Pilot Finance Help !
Hello ! I'm a student pilot in Edinburgh working towards my PPL (privot pilots licence) Hoping to advance onwards to my CPL (Commercial Pilots Licence) As it stands I'd need to find a way to raise the funds or loan around 60k to complete my CPL. I work as a bus mechanic in Edinburgh getting a weekly wage and I'm not too…
2nd loan application
I recently applied for and was approved for a personal AA loan for £15000 for the purchase of a car. However I was not offered the 2.5 % apr and they offered me 8 ish %. I did not want this so I cancelled my application with them on the phone. But, I now want to borrow £10000 instead to by a cheaper car than previous. My…
Early settlement discount
Hello I would like to know whether I'm entitled to early settlement discount. My loan repayment was for a 30 month period. If I want to settle the amount 6 months early, do I get a discount? Thanks Dawn
Best home improvement loan
Hi newbie here just looking for some advice. I have a 3 bed bungalow and am looking for best option for personal loan to make some improvements. I would like to convert the loft for an extra bedroom, whilst it’s a 3 bed it’s really 2 double and a small room classed as 3rd. I have been in the house 20 plus years and there’s…

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