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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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Borrow more to cut interest rate and repayments, but extend the term?
Just under 2 years ago, I applied and got my first ever loan for £13.5k from NatWest, at 11.9%. After making consistent repayments(And managing a credit card as sensibly as possible) my credit rating has risen, the remaining balance is £9.5k and now NatWest are sending me adverts asking if I want to borrow more. I've had…
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Klarna fraud still "investigating" and refusing to sign for letters
Earlier this year someone at Royal Mail was intercepting my post, which included my personal details. Royal Mail has admitted to this breach. There were several attempts to apply for credit cards in my name which were thankfully denied. I only found out because one of the letters for the fraudulent credit card application…
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I have a new car but weeks later dealer says I have no finance
As the title suggests, just over 3 weeks ago I bought a new car and part exchanged my old one as part of the deal. I used some of the value of the p/x as a deposit for the PCP deal and was due thousands back in cash back. I haven’t received the cashback for my p/x so have been chasing this with the dealership. After weeks…
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Loan to family member and repayment
Not sure if this is the right board, please move it, if not. If I make a personal loan to a close family member and they make repayments of between say £500-£1000 a month into my bank account, does this have any implications for me? Is there a better way to do it? Repayment period circa 24 months.
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Need advice on Loan and how to refinance….if possible.
I bought a house 2 years ago and have extended it, as well as done a lot on the interior. I used savings to do this had “uh oh” money set aside. All seemed well. I ran into some structural issues so had to make a choice of using all my cash (only 70% through the build) leaving me very little money, or get a loan. I chose…
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Black horse commission claim
Hi everyone, im after a bit of info to see if anyone else’s is having the same thing happen. Last feb/march time I emailed black horse using the template with as much info as I had. I got an automated email almost straight away. Since then I’ve had a monthly email saying the same thing. Along the lines of “we have your…
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Car Finance Claim
I leased a car in 2016 and I received today a cheque from a car company for compensation for car finance claim, but unfortunately my company now does not exist so I cannot pay the cheque into my account as it is now closed. I phoned the company and basically they cannot reissue the cheque to me even though the address is…
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Moneybarn interest
Hi I bought a car in January 2025 Purchase price was £10.999.00 With 60 monthly payments of £297 .I have made 8 payments all on time I have also made about £500 in extra payments. Around £2800 in all I asked for early settlement I still owe £10.237 so only £762 has come off my balance and 500 of that is extra payments so…
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Moved: NRAM/UKAR
This discussion has been moved.
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Can I make my PCP any cheaper? Does any company do interest only loans?
Took out PCP for 24k, 10k GMFV, GMFV due August 2029. 9% Overpaid loan by 14k, 10k GMFV left, paying monthly interest of around £74 which will equate to 3.5k and then pay 10k in 2029 (probably trade in) Can I get this 3.5k halved to by finding a better rate than 9%, I presume not....I do not want to take out a money…
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Debt Collectors Different Strategy
Hi Folks, I've read the threads suggesting you send the "prove it" letter when recieving a letter/demand (£4,500) in our case for a debt that isn't yours. But we've tried that, and they're refusing to provide any information about this debt. The only information they've provided is that the account was created in 2001. So…
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Cinch Car Finance
Hi all, I’m looking for some advice. Maybe there is someone has been in a similar position. (Sorry for the long post) so long story short (ish… after just having my baby boy I decided I needed to take the plunge and get a bigger car. I turned to cinch and purchased one through finance with them. All was fine and well to…
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New MSE car refinancing guide
Got car finance? Test our new guide & tool to see if you can refinance to save £100s or £1,000s? We're testing a new guide, to see if people on PCP or Hire Purchase deals can save by Car Refinancing. It's brand new territory for us, so we wanted you to go through it, see if you understand it, whether you think the guide…
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Home extension loan
Hi. I have about 160k in savings and need about 100k to give me some breathing space on extension I’m planning to do. My house has no mortgage and I have some properties under business account too. Again no mortgages or loans on them. What’s the best loan to get, ideally want something that I can payback quicker without…
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Avoiding the 58 Day Rule
I took out a £10,000 loan for 48 months from MBNA on 9 September 2024. Current balance is £7,715 I pay £235 per month Interest is 6.4% If I clear the balance (from savings) I have to pay 58 days interest. I can make as many overpayments as I wish. If I overpaid say £7,500, would the balance be paid off after the next…
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Travelled with a friend who hasn't settled expenses
Hi everyone, I travelled with a friend in December to Asia and she has not settled her side of the expenses. She told me when she gets back to London she will be moving house but I don't know her new address - she's been ghosting me ever since. Total amount £350. I have the splitwise app which shows how nuch she needs to…
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Moneyway Car Finance - Support During Arrears Claim
Hi All, Out of the blue I received a letter from Moneyway owned by Secure Trust Bank to say that they are currently reviewing the support that they offered to customers during times of arrears as they admit that they may not have supported customers as well as they could. A while back I had a £20k car loan eventually…
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Need £65K to fund son's education. Is remortgage the best option?
Asking on behalf of a friend ( ;) ) Need to fund son's education £65K in £20K slices. House valued at about £500K has £37K left on the mortgage. Considering remortgage to provide the £65K - is this the obvious way forward? I've suggested they find mortgage that allows overpayments without penalties as they have decent…
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Personal loans for older people?
Hi looking to help my father in law. He's 91 and after a new hip and stroke we moved in with him to care for him full time. He has a good stable income (pension and benefits), owns his own house and also his car outright after he paid off a PCP loan about 3 years ago (so he has good credit history) Although mentally sound,…
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Moved: Wifes Debts
This discussion has been moved.
