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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 offer in place need advice
I have a loan offer in place which I wanted to accept today but can only do via post as the website has malfunctioned. Would it be possible for me to apply for a loan from another lender whilst I have a personal loan offer from the current lender. Basically can I apply for a loan whilst I have an offer from a lender…
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Tesco bank loan timeout
So I applied for a loan from Tesco bank on Sunday. Very simple process which was helpful, was informed I have 30 days to complete I thought that is great. So I went back today to find the website timeout when i wanted to log in and it informed me I could not complete online. I since called and was informed quote "the…
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Help Advice please Personal Loan
Hi sorry this is long. Would really appreciate some advice. We need to get a personal loan for a new boiler by yesterday really. I don't know who to apply too as we only have 2 years clear credit history. Arrears on.mortgage from financial difficulty during covid . Recapitalised and set to normal Sept 2023. No existing…
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Credit Union mess up
Good evening, I’m really looking forward to some advice. About 5 years ago I took out a loan with my credit union I do regular savings with them for the last 15 years so would occasionally take out the odd loan. For this one all paperwork was sent out including payroll for funds. Last August I contacted them to ask if the…
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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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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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Stellantis Finance
Has anyone on here had a CCA regulated agreement with Stellantis recently? I took out finance when I bought a new car in 2023. In January this year I repaid it early. I never received a statement from them at any time. Under CCA regulations (S.77A 1) firms have to send regular statements (usually annually) to borrowers. If…
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HOw does unemployed with business ideas get a help ?
hi guys I lost my job months back and starting an online business All jobs I have been applying for, say I am over qualified or declining me. I have now applied for Uber (taxi) lic and now behind in my bills. The taxi lic takes 2 - 3 months Is there any help for unemployed with both a business ideas and waiting for my taxi…
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Finance Mis-selling for Static Caravan
With the DCA issue affecting car finance between 2007 and 2024, I was wondering if there is a chance that a complaint against one of the lenders on the list who provided finance for a static caravan purchase could have also mis-sold that finance through DCAs. Does anyone have any idea where to start in relation to putting…
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Moved: CCJ Judgement from unpaid loan
This discussion has been moved.
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Stuck in Caravan sale! Pls help!
So my mum bought a caravan, 39k brand spanker.. without liaising with any of my siblings or me. Now, shes locked in a 67k loan for the caravan. Id like to get your advice on how I can make it pay for itsself and get it set up on her behalf. Not looking to make a profit more just to get her out of the !!!!!! hole shes dug…
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What does 'unsecured affordability indicator' mean?
I've just received SAR info from Admiral in relation to a complaint. Under the Debt Summary and OI Score section it has 'unsecured affordability indicator' "no". Does that mean that they should or shouldn't have agreed the loan. If anyone could help me understand I'd be very grateful!
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Borrow 85K for 3 months max against existing savings
Any ideas welcome: We have 85K in a savings product which does not mature for another 3 months. Circumstances have changed, we need to access those funds in around 1 month. Have requested to withdraw funds earlier but in the meantime... How can we borrow that amount, secured on existing funds? Have recently sold house and…
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Moved: HOw does unemployed with business ideas get a help ?
This discussion has been moved.
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Can I really save £2K by taking out car finance & cancelling tomorrow?
Hi all I am buying a brand new car from a dealership if a well known, huge European Car Brand. Basically, I was going to buy a car year old for over £50K. The dealer man said to me “You can have this brand spanking new one for the same price if you take out the finance”. I said “I don’t want finance. I want to pay cash”.…
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Risk another loan?
I applied for a £25k loan to buy a car as it was cheaper than the finance from the car dealership (loan rate 6.2% Tesco). They text to say it had been accepted but the rate on the letter than has come through is 8.7%. The letter says they will do some final checks once they get back the paperwork. Do I risk applying for…
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Secured loan with Picture home loans
Hi all Found out recently a charging order was placed on my property over 6 years ago by picture home loans, however due to it not showing as default even though no further payments have been made since 2018 I'm unsure how to get this sorted and removed off my credit file or even if I can. Been to FOS, FSCS,ICO etc however…
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Want to hand loan back
Hello all I applied for a loan this weekend and money was received in my account the same day. I’ve since changed my mind and want to send the money back. My question is does anyone know how this will reflect on my credit record? I don’t have the greatest credit record and am trying to rebuild it by using and paying a…
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Big Motoring World £750 EV offer
Hi All I purchased an EV from Big Motoring World with PCP finance to take advantage of the £750 offer they have. T&C here https://www.bigmotoringworld.co.uk/news/make-the-jump-and-go-electric-with-this-limited-time-offer/ I'm happy with the car, but only took the finance to get the discount. This was a few days ago so I'm…
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Car finance cooling off period
Hi all, I took car (PCP) finance through a broker, the garage on day of collection said car faulty electrics and unable to release car as couldn't solve issue and said best look for something else, so I informed my broker and finance provider which is now 12 days ago I wish to cancel during 14 day cooling of period, they…
