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Loans

Archives for April 2021

Ombudsman taking 18 months
I have been fighting v12 retail finance for the last 2 years, based on wrong information, false reports on my credit file and changing my payment plan without telling me. I complained to the Ombudsman in December 2019, they never acknowledged the complaint till May 2020 and I'm still waiting for a resolution today. Each…
Loan for hip replacement , mortgage free, on benefits
Good morning Hope this is in right Section My friend is needing a hip replacement op. Only 45 she has chronic arthritis and suffered a motorcycle accident yesrs ago She is on benefits sue to illness Mortgage free Completly Need advice on best way to raise money for operation Loan or mortgage please Best regards Will
Best for a large(ish) short term loan
Hi all, I will soon take delivery of a new lease car, but I first need to pay the balloon payment of my current car's PCP contract, then sell it. This means that I will need a large-ish loan (about £9.5k), but likely for only 1 to 2 months - as soon as I sell the car I would pay it back in full. I'm doing it this way as…
Loan for £50,000
Hi I would like to take a loan for £50,000. I have a mortgage payment of £816 pm and my salary is £38889 pa. I would like to spread the loan by 6-7 years, I tried money supermarket.com and it says no suitable load found. Please suggest what is the best way of getting this loan. Thanks and any suggestions will be really…
Multiple Student Loans
I have an old student loan for which I am repaying £100 month from my salary. I never finished my degree and am considering going back and studying part time whilst working. If I take out a part time tuition fee loan then will I have 2 make 2 repayments or wil it stay the same because I am already paying 9% of what I earn…
HOIST FINANCE
I have received a letter from Hoist Finance saying they have taken my loan over from Robisnon Way. I have been paying RW £5 a month since 2012. But have always disputed that I owed the money to Lloyds, Due to a complaint at the time from 2010. I asked Hoist to get a copy of the original agreement which they are unable to…
Paypal Credit changing T&C's and increasing APR
Hi all, Just received an email advising that Paypal Credit are changing their T&C's This is an extract from the email received The way to prevent this increase is by the looks of it is by closing the account I contacted Paypal and they confirmed that existing promotions will continue to end of term but if there is any…
Student Loans £2K missing payments
Hello all, I have a bit of complicated (to me anyway!) issue in regards to my student loan repayment. Essentially, despite paying out of my salary there was an adjustment by HMRC midway through the year (2019 - statement only came through in September last year) and that adjustment meant that over 2K of the repayments…
Rejected for 0% loan but does not say failed credit check
Hi After any advice , so in the past couple of months I've applied for a couple of loans to take advantage of 0% offers. one from Stormfront(Klarna) and one earlier today from Samsung (Paypal Credit) both have check details !! So I don't think the applications have failed the credit check ( I'm on a reasonable salary ,…
Mis-sold PCP Car finance...
I have today been contacted by a company(through my taxi trade body) who stated that I may have a claim against the company I financed my Taxi purchase through. They mention that I may have been mis-sold the finance stating that one or both reasons may apply to me either, 1.Insufficient credit checks or background checks…
Likely Loans
First time poster looking for some guidance. Would using a loan company, such as likely loans, be considered ‘bad’ for your credit file? I know that payday loans should be avoided but do these high APR loans carry the same bad news? My partner and I are looking to buy a house soon and the loan was taken a while ago before…
Bounceback loans top-up HSBC
Anyone still waiting to hear on an HSBC top-up on their bounceback loan? My original application was handled in about three working days. The top-up application was accepted on March 15th. Anyone else still waiting? Should I chase HSBC? There doesn’t seem to be an obvious process on their website. Many thanks in advance.
HCCF Hitachi Finance
Seems I've made an error in agreeing to double glazing recently, financed by HCCF Hitachi. I called today to ask what I've be expected to pay to end the agreement early, on the basis that I could get a loan from bank 7.9% apr rather than 9.9% HCCF apr. Seems HCCF front load interest, which I assume makes clearing with a…
Amigo - Full and Final
Just had a thought, I know that should Amigo fail (unlikely I know) but possible, to agree to their "Scheme" and go into liquidation. Would that be a good point to off a reduced Full and final settlement to see if they are desperate enough to take it? I have a loan, settlement is currently £1635 but if I pay all the…
Repaying Student Loans
I work overseas, have a Type 2 loan, from 2009/10 that I am paying off. Currently, I am just paying off the default country rate as it is lower than what I would be required to pay if I submitted my actual details. From my understanding, this is acceptable by the terms of the SLC and my loan will be cleared in 2 years…
Amigo Refund
Hi all. So basically, I raised a complaint way back in around 2018/19 with Amigo and they eventually responded saying they felt that all loans were affordable and I wasn't due any redress. I then left it until I saw more frequent posts and articles about amigo, plus I learned more about about whole FOS case handling…
Coast finance
I am being drained by coast finance
Erudio student loans - Been sent to Drysden Fairfax
My girlfriend has a student loan from over 25 years ago. She always deferred without issue as her earnings were not high enough. Originally it was with Student Loan Company. It was passed to Erudio a few years ago. Last letter she got was 2017 and said they would contact 8 weeks before end of deferment period, this never…
Delay getting decision from Zopa - advice please
I applied for a loan two weeks ago with Zopa after doing MSE eligibility checks and checking best deals. I am a home owner and need some work doing to the house. I have no other loans and no credit cards. After a week I got in touch and they confirmed that they had got my application but said there were delays as they had…
New and old finance to overlap.
I have a car on a PCP which no longer suits my purpose. I need a larger car due to family addition. The supplying dealer is offering a very good price for my car for p/ex or not. Unfortunately they do not have a model that suits. Due to my age I don't want to take on a vast amount of finance and so want to buy a cheaper…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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