-
Early Settlement Figure help
I have a Mercedes HP finance agreement which I have ended early after just 40 days. It was a 48 month term at 5.9%. The settlement figure given by Mercedes is around £365 more than I work out and they cannot give me any workings or tell me why. My workings are as follows: original amount to finance £45,168 + 40 days…
-
want to change car finance
Hello all I got car finance from Oodle last year as I had an outstanding ccj and a credit card default and that seemed to be my only option. Since then the CCJ has gone and everything is clear I have a credit card that I clear every month and my credit score with all three agencies is good. What I'm getting at is I want to…
-
Loan application refused wheres best to apply and why was it refused
Hello everyone Would like some advice please my fiancé tried to apply for a loan she has a credit score of 580 out of 700 on one credit checking site, no defaults and a full time job working for nhs on £25k.she pays all her payments on time to. She currently hae a consolidation loan which has 7k left which she got through…
-
PCP Finance - Balloon Payment vs GFV
I put down a deposit on a car at the weekend and agreed a PCP deal whereby I inflated the mileage (30,000) to increase my monthly payments to get the balloon payment/GFV of the car to £15k. I plan on buying the car at the end of the term (I have looked at HP but the monthly payments are too high). I took this approach with…
-
CCJ REMOVAL
I found out I had a parking ticket and googled how to remove it - i came across a company called Lender and Court Services , they were very chatty at first and seemed helpful , I thought they were a law firm but the more questions I asked the more I became suspicious , by the time I go to the bottom of it they werent…
-
Engine Blown on my van on finance
I purchased a van through barclays asset finance in January this year . Whilst driving it the other day the engine has blown in a cloud of smoke and rattling and is now parked at the side of the road undriveable. The garage i bought it from dont want to know, my insurance wont cover the repairs as its seen as wear and tear…
-
Reducing Interest
Hi there, just wondered if anyone has any advice to cut down loan interest owed? My partner has a big loan of around £11,000 with 4 years remaining. Pays just under £350 per month, with interest nearly £100 too as the rate is high. I wondered if it is possible to reduce this at all. It is a loan through her current Bank.…
-
Welcome finance/Coast finance
Hi looking for a bit of advice please i had a secured welcome finance loan in 2006 anyway after them hassling me in 2012 for one missed payment and a torrent of abuse over the phone I did a SAR which shows charges and Ppi and not the correct amount borrowed so tried to follow this up with a CCA which ended up in a serious…
-
Home Improvement Loans
Considering our options to fund refitting a new kitchen, garage conversion and utility room (~£30k of work). Both my wife and I have excellent credit scores + low short term debt. As we can't wait 2 years to save such funds we will utilise 0% card(s) for appliances and options for the remainder include: - Home Improvement…
-
Should I get a loan to buy a car?
hi, looking at buying a new car and need to put 12k towards it, I get an allowance from work for £500 per month so this would pay a bank loan I can get over 2years or should I use savings this would still leave me with a 6 month emergency fund, no other loans and mortgage free. If you can let me know your thoughts. Thanks
-
Hire purchase cancel within 14 days
Hi, I cannot find simple answer if hire purchase loan can be cancelled? i took it yesterday (in person) and was told to pick the car on Monday. i paid some deposit and the rest will be on collection. however I now decided that I no longer want this car as it’s too much per month to pay. is the 14 cooling period applicable…
-
Car finance funds transfer timescale
Hi all, I have had a car finance approved with Lloyds on Saturday and immediately got an email with finance documents confirming everything, it also said that funds will be transferred to a car dealer direct within 2-4 hours and that funds will be with them on the same day. However, we are well into Sunday and car dealer…
-
Mortgage style student loan
My mortgage style student loan is due to be wiped after 25 years in October 2021. If I have started repaying it before then, will the balance of what is owed in October be wiped at that time or will repayments have to continue until the loan is repaid as they had already started?
-
How can I pay off this loan? Can't contact the bank.
I urgently need to pay off the balance of a small loan, but I am unable to make contact with the bank concerned as they are apparently very busy and can't answer phone queries. I pay the loan off on a monthly direct debit via my own bank. Is there any way that I can pay this money ( only a few hundred pounds) into the…
-
Second charge to Mortgage
I took a loan out years ago with a company called first plus they have since sold everyone’s loans to a company calf eldbridge, I recently enquired how much was remaining as I’m looking to sell my property and looking to clear the loan. I have been advised by the company that they will not allow me to sell my house even…
-
Debt Consolidation vs Credit Cards? Credit Utilisation question!
Hi all, A quick question. I've been paying off my debts for over a year now and haven't missed a payment in over 12 months, for the first time in 5 years! I've been offered a debt consolidation loan which would cover off 2 of my higher-interest credit cards. I accepted one amount however I'm now thinking that perhaps I…
-
Student Loan Arrears
Hello all. I have arrears of around £350 on my student loan account from when I worked abroad a few years ago. I wasn't paying anything at first and then when they tracked me down they backdated it. I returned home and it has appeared on my account ever since but they've never chased me for it other than making me aware I…
-
Consolidation loan for very poor credit
Hi. For a few different reasons I am 54 years old and have a circa £42k debt burden, mostly at high rates. I have a good salary that has allowed me to maintain repayments previously but Covid put a stop to that. The plain facts are a £58k gross salary, about £42k high interest debt all unsecured and current pension pot of…
-
Which loan to take
Hi There - Looking at financing some home improvements and been on money supermarket. I've been pre-approved for a loan at 7.9%, and that rate is guaranteed. I have been given 95% eligibility for a loan at 4.5% from virgin money. What do I do? Obviously, I want the lower rate, but if I am given a different rate on…
-
Refinancing loan advice?
Hey everyone, I'm looking for some general advice on possibly refinancing a loan. So I currently have 2 loans. One is 230 pounds a month, this is paid off in 25 months, just over 5k total One is 330 a month which still has about 5 years left to run - just over 16000 total A recent change of job and having to wait 7 weeks…
