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Loans

Archives for August 2021

Bamboo Loan Refund
Hi All, Im new to this so please bare with me. After some great information i read on this site, i decided to reclaim unaffordable loans. Ranging from payday loans to one guarantor loan with bamboo. I took out several loans in a 6 month period in 2016. During that time I was in the midst of a mental health breakdown. I was…
Problems getting answers from Student Finance England
Does anyone know how to talk to an actual human at Student Finance England? Every channel - and I mean everything, from email to phone lines to social media - is operated by automated technology and is designed to stop you querying their processes and decisions (sounds cynical I know, but I have some knowledge of how and…
Overpaying on PCP as mileage has not been as predicted
Greetings - When I took out my PCP agreement in Jan 20, on a used vehicle, my predicted mileage was 25,000 a year. Last year I did about 4000. This year I'm likely to do more, but much less than 25,000 per annum. I'm therefore massively overpaying on my PCP and having spoken with the finance company I've been told there is…
paid a lump sum off of mortgage
Hi paid a lump sum off my mortgage through Lloyds Bank to the Halifax, Lloyds bank said that the fpo will reach them within 2 hours ,kept checking online my Halifax mortgage account, it was not showing ,phoned up the Halifax they said it would , take 3 to 5 working days to show ,they checked the payment details were…
Creation Loans - Incorrect number
I wasn't sure where to post this. Sorry if it is in the wrong section. I have a loan company that keeps calling me (usually twice a day) and they have the wrong number. I have spoken to them five times about this and emailed their company six times but they keep calling. I have their number blocked now but I can't block…
Help please if poss
Hi I know I was stupid but I got a few c c to tide me over totally stupid I have debt approx 3 grand ..I know I was stupid but am asking for advice please as am sick with worry..I am wanting to get a loan to pay off them all I know I can afford the monthly loans payments..had anyone had any experience with freedom finance…
making a payday claim
Hi. A friend of mine has multiple old loans from lending stream and morses club. They were in a financially strained position when they took them out. It seems to me they probably have a good case to claim a refund but they don’t want to deal with it as they don’t want reminding of it and don’t feel they know what they are…
Amigo guarantor
Hi I’m wondering if I can get a guarantor removed from my amigo loan account. I’ve been with them for 3 years always paid on time so wonder if it’s worth asking as I no longer have contact with the guarantor.
Personal Loan to pay remainder of property?
I am currently short about £10,000 - £15,000 to fully buy a property. I don't really want to go the mortgage route and most high street banks say you cannot use a personal loan to buy property. Does anybody know any lenders who are ok with this purpose please?
Bounce Back Loan Remediation Emails ?
I took out a bounce back loan last year in June with HSBC. They requested a print off of my self assesment statement 2018/2019 as well as all of the other evidence you have to give them.. i did all of this, sent it all to the relevant departments, and to my amazement, my bbl went into my account not long after. since then,…
Creation Finance - partial settlement advice please
Hi I changed cars on 6/6/2021 and financed the new car using Creation Finance. I borrowed £10349 over 5 years with payments of £226pm starting 6/7/21. Total due plus interest is £13585.80. I had some money due to me so paid £3000 as a one off to against the 'principal' and transferred it on 15/6/21. My intention was to…
Student loan pre 1998, cancel date?
Hi I have 3 student loans from my university course. Taken out 1997, 1998 and then 2000 (I didn't get one for my 3rd year) I think they must be soon coming up to the point when the get cancelled. I'm a part time nurse so never been paid enough to have made any payments on them at all. My boss has recently offered me some…
Failed loan application. and actual processed credit application ...
I am trying to discover why I keep getting turned down for a bank loan. I received a copy of the bank application process from the bank in question by doing an SAR. They have sourced Equifax and Experian and when examining the details of the report. The Experian check shows two addresses the one from Equifax appears to…
Barclays reviewing sale of Partner Finance Loan for Solar PV Panels
Shall I help them review the sale? In 2015 we took out a Barclays Partner Finance Loan to purchase Solar Panels from Clean Green Home Energy Ltd. Barclays just wrote to us that they want to review the circumstances surrounding this loan. For this they want to better understand our experience with GGHE during the sales…
Settlement for unenforceable debt?
Hi there, can anyone offer advice? I took out a loan from Welcome Finance in 2007. I topped this up twice - they were VERY accommodating at the time, almost encouraging. I then defaulted in 2009, I was a newly single mum - I hope I don't need to explain. I got a CCJ for just over £7000 with all the costs etc. Over the last…
State Pension-Loan query
Hi newbie poster so apologies if wrong forum topic for this post. I have been retired for 6 years and my wife(also retired) have been living on our work pensions for day-day finances and some savings for bigger purchases. Although our credit rating is very good the prospect of "loan" does seem poor? Will this change when I…
How to loan money to partner
Advice needed: My partner is paying about £100 in interest on approx £5000 of debt a month. I have the money to loan him to clear off that debt and instead he can pay me back monthly. It makes sense rather than loosing the interest! We would make a written arrangement, even though I have no doubt at all that he would…
Overdraft Charges
I recently made some payments into my partners bank account as he had no money, so that he could buy something online. Since then he’s receiving OD charges. What I don’t understand is surely if the money I sent hadn’t gone into his account immediately, why would the bank allow him to pay for something online and go over…
Loan to pay off credit card?
Business was hit hard by pandemic. Self employed and I fell through the cracks of furlough and got nothing until the 4th grant this year. Had to live off the credit card for a few months last year and now got 5k on there @ 18% Looking to get a 5k loan to pay off. I know a loan to pay off a card isn't ideal but there's zero…
Bank Employee Loan
Hi all, Just been offered a job with RBS and all of my pre-screening checks have been cleared. Just wondering if anyone here works for NatWest Group or any other high street bank and can confirm if bank carry out credit checks for employees when the apply for a loan or credit card? I’ve got some debt I’m looking to…

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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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