We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Loans

Archives for October 2021

Is it possible to joint/co-sign for £8000 if I've had IVA completed two years ago.
Hi everyone, I'm looking at the world of possibilities that are open to me currently to pursue a career change and I'm looking a ways of getting a little money to open a small window speed things up. I've made a few choices with my debt in the past that seem to hamper me personally. My question is: 1) Is there any way I,…
Banks and person centred service
I have credit cards but want a consolidated loan to pay off the cards and have an easier life repaying the loans. But my bank won't lend.In fact, in 12 years of banking with this bank I have not received a loan approval. I have therefore been forced to use the high interest loan organisations and have paid off the loans.…
Home Owner Loan
Hi all, I'm looking for a bit of advice in regards to borrowing more to do some bits around my house. We moved home last year, porting my existing mortgage and taking out a second mortgage for the additional borrowing - both with HSBC. We intended on doing home improvements on a month to month basis with wages, but long…
High interest loan
Hello, i took out a 2nd loan a few months ago from Halifax who i bank with, naively i assumed i would be getting a good rate as my initial one is very good. I did the calculator where it tells you how much interest you save, and for every £10 i over pay i save £5 interest! Other than just ploughing all spare cash into…
Moved: repossession and secured loan
This discussion has been moved.
Car Purchase
I’m looking at purchasing my first car but really don’t know what kind of finance to opt for whether PCP or HP is best and if HP what interest rates are considered a good deal. I am only after a small car VW Polo, Golf or something of that size and am in a position to perhaps put a £3000 deposit down. Again now sure…
Welcome Finance/EOS Solutions
Hi, really need some advice regarding the above. In 2007 I stupidly took out a loan for £2000. I paid several instalments but was unfairly dismissed by a Trade Union and had a little bit of depression following that. In 2009 a Welcome Finance Rep came into my Grandmother's house and asked for payment! I was taken aback and…
Early repayment
I’ve taken out a personal loan for a car. I budget £200 a month for the repayment, but the actual DD is £187. Should I set up a standing order to pay the extra £13 a month or pay off lump sums, say £50 every few months… loan rate 2.8% - would it make a massive difference either way? Thanks
Document requests
Hi all As executor of my late father's estate I'm having to contact various institutions for documentation relating to accounts he has held. Very often their response is that they will get back to me "in due course". How long should I reasonably expect to wait for said documents to be sent? And, if they are appearing to…
Help with potential vet bill
Long story but due to looking after my elderly mum 24hrs a day I have not worked for quite a while. My wife wages have just about covered the bills and I have managed to pick some part-time work up We were just keeping our head above water when our dog developed cruciate ligament injury. We understand from the vet it can…
student loan mis information
Hi Martin I am a fan but I think by constantly telling kids not to see the loan as a barrier to education you are not acknowledging the infairness of the system. My daughter is in her second year at St Andrews. We are a very normal family. My husband is a police officer and I am a Domestic Energy Assessor . My daughter…
best home improvements loans
I recently bought a house 4 bed detach and I would like to make some improvement to the house. A top to bottom improvement which I believe will cost me around £70k ( transform the conservatory into extension, take down the wall between kitchen and diner and create an open space kitchen-diner, change all flooring, change…
Mortgage application with payday loans
Hi everyone, Around 10 months ago I took out a loan of £2000 with likely loans. Then 3 months later I opened a credit line with Drafty, of which I used £400. I have paid and closed my Drafty account and have 2 months left on my likely loans repayments then that will be settled. Do you know if these loans are automatically…
Understanding Student Finance Monthly Interest Rates
Hi I am trying to understand how my monthly interest rate has been calculated below is a example of 2 months where interest has been added: Please view in web view to see below more clearly: Date Transaction Description Debit (£) Credit (£) 06/04/2018 Opening balance 33010.84 0 30/04/2018 Interest 3.10% 95.95 0 31/05/2018…
Multiple Cash Withdrawals Showing On Bank Statement Applying For Loan
Good afternoon, I'm just looking for some advice, I currently have a case with the Financial Ombudsman due to Unaffordable Lending claim against a loan company. This loan company requested to look at bank statements prior to issuing the loan. At the time of me getting the loan and the reason for getting the loan was…
Bounce back loan advice
I am filling my self assessment form and am unsure where to declare the bounce back loan amount? Is it business income?
Mortgage free, cheaper personal loan rates?
Hi forum , at long last I'm almost mortgage-free. It took me longer than it should have due to being in an endowment type for the first 15ish years before managing to switch to repayment, which took me to a 30ish years overall mortgage. Only blot in my finances is about £18k outstanding on credit cards, mostly spending on…
Raising temporary finance against a mortgage free house
My daughter and her husband are looking to buy a property with a substantial £350,000 deposit. However in order to have their offer accepted as ‘cash free’ buyers, they are £60,000 short of that deposit figure. This is because they will in fact need to sell an existing property in order to release the £100,000 equity in…
100% eligibility on soft search
So I’ve applied for a loan at Sainsburys (who I’ve read are notorious for declining people). I’ve been 100% approved on ClearScore for a Nationwide loan, and 60% for a Sainsburys loan (much better interest). however on the Sainsburys website, I’ve pre applied with a ‘soft search’ and it’s 100% likely to approve me. anyone…
Ex-partner stopped paying joint loan
My ex-partner and I had agreed he would pay his half of the loan payment into my account each monthly until the loan balance was paid off. He has stopped these payments and I can't get in touch with him any more. The bank have said there is basically nothing they can do. What do I do?

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

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.

View All

Loans

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Loans

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free