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🎓 Got a student loan question? Head to our Student MoneySaving board
For discussion of everything to do with student loans and student finance, please head to our Student MoneySaving board.
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New to the Loans board? Start here
Useful links within the forum * Credit File & Rating board * Debt-Free Wannabe board Useful links to MoneySavingExpert.com guides * Cheap Personal Loans * Loans Eligibility Calculator * Cut Existing Loan Costs * Cheap Car Loans * Short-term and payday loans * Should I get a loan if I have a bad credit score? * Bridging…
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Loans - Important links - please read
Hi folks :) This is the new Loans Board Sticky where links to all current important threads will be kept. Links: This thread is for quick links to threads in this board. IMPORTANT - Problems with debts, payday loans etc? Payday Loan Survival Guide from Govan Law Centre Lending money to friends & family Cheap Credit Card…
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Loan before sale of house?
Hi I'm currently going through probate and will be selling the house after confirmation but there has been lengthy delays. I had hoped to sell it before July but that might not be possible now. My question is, what options are there, if any, of increasing chances of a loan once the house is up for sale? I'd be looking for…
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Moved: PCP Breach
This discussion has been moved.
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Need advice for my mum
Hi everyone Really need advice for my mum who is not sure what to do and I wish I could help her but I can't , my mum is in need of a new recliner chair which she uses as her bed due to a medical problem with nerves in her ribs she can't sleep in a normal bed and can't afford a special adjustable bed and unfortunately…
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Family loan and investment
I have already sent £95k to my son to purchase a property for me in Dubai as I'm not currently there. His girlfriend has a work permit and with her income is able to get a mortgage with my money. All this has happened already and I sent over a very rudimentary document with salient facts but I was wondering if somebody had…
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Eligibility for car loan
Hi all Just seeing if anyone has any experience/guidance to offer.. Recently needed to repair my car, and unexpected, Bumper offered credit. Initially about £ 1,700, then yesterday, shot up to £ 4,800. I know this is based on a soft search, but can anyone offer an comment about how this level of credit on a soft search…
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V12 RETAIL FINANCE FRAUD
I am the executor of my late mothers estate who passed away last year. Since taking over as executor i have identified multiple fraudulent debts taken out in my mothers name by another family member over a 3 year period. My mother was diagnosed with Alzheimer's before any of these credit agreements were taken out and did…
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Can car repossession be stopped
I’ve had a ca 18 months on a 5 year ho agreement. All was fine unfortunately then I got ill and missed 2 payments (the we’re aware of my illness) then through my stupidity I’ve missed a third (thought I had more money in the bank than I did) I have spoken to the company and they had said that the agreement is terminated…
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Irresponsible lending
im not sure if this counts as irresponsible lending case. I have bipolar and was unwell at the time of taking out a loan. I was given a £6000 loan with £8200 to pay off including Interest. I was a monthly payment of £339 over 2 years. I managed to pay 3 months of this but ended up in Korea debt using credit cards etc. they…
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Finding old loan details - elderbridge/firstplus
hi dies Anyone know how I can find old loan details from firstplus taken out around 2008 (ish). I’ve had a letter from elderbridge saying I’m due a refund, however I keep failing the security check as I don’t have the full details of the firstplus loan. I settled everything around 2015 and have since cleared out all…
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Loan Secured Against House - Questions
Hi all, To cut a long story short, myself and my wife have managed to wrack up £100k worth of debt, due to various issues (house rennovations, overspending, gambling (dont judge) etc etc). This £100k doesnt include our mortgage and it is built up of personal loans and credit cards. We are currently paying nearly 2.5k a…
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Lantern Chasing an Amigo Debt
Hi, My partner had an Amigo loan which I guaranteed, back in 2018. In 2019, I entered into a DAS (Scotland) and was advised at the time that I had to include this amount in my scheme as I was ultimately responsible for it. Fast-forward to 2024 and Amigo upheld an affordability complaint and discharged the loan from myself…
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Loan to pay off car HP - Have I done my sums right?
I owe £19,667.01 on HP car finance which runs until November 2028 then the car will be paid off and will be mine. I got a settlement figure which is currently £17,131.97 - a saving of £2,535.04 in interest if I paid it off now. I think the agreement is 12% APR. I've been pre-approved for a personal loan of £17,000 over 36…
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Moved: Help after gambling
This discussion has been moved.
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Loan settlement and improved credit score
My 25yr old son is selling his car to settle his finance early, with a view to him buying a cheaper car (to run and purchase), using a personal loan. We’ve checked the loan eligibility calculator and the only loans he would be accepted for are 40% apr 😳. Will this improve once he’s paid his finance off and if so, how soon…
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Loans for Home Improvements
I am borrowing from my mortgage provider to pay for a new roof, using a 16 year loan at 4% (fixed for 5 years). My quotes are coming in at between 8 and 12K. Do people normally borrow a bit extra in these situations to have access for contingencies and also just to have some extra cash to spend? I've been approved for 15K…
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Early repayment of car finance
Hi I’m about to buy a nearly new car from Audi (6 months old). I’m in the fortunate position to pay cash but the dealership have offered money off and a free 2 year service plan (saving approx £1100) if I sign up for a finance plan. I know it seems sneaky but I fully intend to pay this off within a very short time 1-2…
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Creation Finance not changing payment amount as requested.
We took out a small B&Q account with Creation to buy a bathroom on 0% finance. We were given a £4500 limit but spent around £1000. We've been paying it off for around six months so six to go. This is fine, we can do it no problem. However we have a little spare mid January so I paid off a bit more, it offered me the choice…
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Is it wise for me to move my Zopa PCP to a Tesco Loan?
Zopa PCP Currently £74 a month and a balance of GMFV £9750 in August 2029 9.9% I overpaid to get it to £74 (The monthly interest on 9750) I also pay £25 a month for a service plan. Tesco Loan Offered 5.8% for 12500 £240 for 60 months. Going to use the 2000 to pay off my 4 year service plan which is also running alongside…
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Inheritance tax loan
I dont lose sight of fact that medium term i an probably grateful for most likely inheriting a bit of money, but short term -causes major headache as no money to pay inheritance tax which has to be paid 6 months post death and before can receive any money from the estate ,which is probably 12 months hence only choice seems…
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Loan repayments from my partner and tax
Evening all, I will be lending my partner £20,000 to pay off debts. I have researched how to create a loan agreement and carefully considered whether to go ahead after lots of frank conversations. My remaining questions are on how to organise the repayments of £350 per month over 5 years. Could someone confirm I will be…
