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Is it a good time to get a loan
Hi, so myself and my partner have a couple of credit cards between us that we would like to clear but we also want to finish the work on our house so our plan was to borrow against our house on the mortgage when our term is up July 2025 but I wondered if a loan was a better option to clear our cards and use the rest of the…
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business mortgage
i have started a ltd company for letting of property, i have a building worth 160k with rent coming in and want a loan of 290k to purchase the other half of another building i own worth 450k, the loan is to pay the partner and some existing mortgage to air b n b then the buisness, the ltd company would have an asset of…
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Early Repayment Fee
I was wondering if anyone is able to help or provide some advice. Some time back my partner and I took out a secured load with a company called Oplo, which has now changed to a company called Tadem. The original loan was for £25,000 and to date we have repaid around £16,000. However, the settlement figure they’re providing…
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Car Finance
Has anyone had any dealings with Stellantis Financial Services for car finance? I recently bought a car and the company use Stellantis. I have tried making extra payments on their website but nothing goes through. Impossible to get hold of an advisor online or over the phone. Does anyone know if you can use a credit card…
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PCP Interest rate
For complete transparency, I know nothing about what I am posting! I just need help to understand. I took out a PCP on a new car one year ago and just got the first statement. Its the first one I have ever done. The loan was for £18,395.70 and the interest rate is 4.09% for 49 months. I have paid off £1,580.30 during 12…
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MotoNovo mistake - accept the offer or hold out for a better deal?
A friend of mine has received the attached letter
relating to a loan on a vehicle he purchased. MotoNovo has acknowledged a mistake and
proposed a settlement. Should he accept the offer or hold out for a better deal? On the face of it, the offer of the account
being closed and writing off the £2,428.60 outstanding amount…
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Finance needed after emergency
Not really certain if this is the best category to post in for this query. Been frantically exploring options for raising funds (£10k-20k) for multiple purposes after one of our pets became severely ill and has had expensive emergency treatment. In my situation, it appeared that a bridging loan could be viable but have now…
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Zopa Loan issue
I made a terrible financial decision a couple of months ago and took out a £1,000 loan from Zopa and am regretting making this decision. i couldn’t afford to live so applied for this loan and now can’t cope with paying it back. Zopa have told me that if I don’t pay it, the loan will default so is this the best way to go…
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Bounce Back Loan
I had a catering company as a sole trader. During Covid all business ceased and after a while I took a BBL, as a sole trader (personally liable). Earlier this year my company ceased to trade due to a few things (health being one reason), rising costs and fewer clients... I have been paying back the BBL for 2 years and…
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Creation Flexi Plan....Is it retailer specific.
Though I haven't applied via Curry's for Creation Credit for some years, I found any Apps I did try were rejected. I now have Creation offering up-to 11k for a b/q kitchen. Are these Creation Flexi plans retailer specific. Could kitchen credit further reduce tech purchases via Curry's.
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Santander loan incompetence
Hi, so I have an issue with Santander and wanted to voice it in case others are in the same predicament and might not be as lucky. I took out a loan with Santander in 2022, it was a 2 year agreement but I paid it off early (2023). At the time I rang Santander to confirm I had cleared the loan. They said no, I owed them…
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Equity Release
Not sure if anyone can help, my elderly mother took out equity release on her property many years ago, we are really worried about the debt she has built up, but she is evasive and gets upset if we bring the subject up. We are just worried that she will end up losing more than her property is worth. She has said in the…
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PCP balloon payment
My balloon payment for £15k is due in a few months and other cars exactly the same are valued at 22k. Im interested in returning it and getting an electric car for £25k. If I hand it back will they take any value from the vehicle to use as deposit or new car from same dealership. Or should I get a loan for £15k and sell…
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Advice on loan
Just over a month ago I applied for a loan with Vanquis Bank. I got accepted and received an agreement number and a loan agreement over email saying the funds will be transferred to my account within 3 working days this was the 9th August 4 working days later and still no funds so I call them worried that I had entered the…
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Getting personal loan instead of PCP
My partner isn't the best with money and I am trying to help her get sorted. She currently has an Audi on PCP costing £280 a month and realises she doesn't need such an expensive car for what she does. She can hand her car back but would owe almost £2000 on it. My thought was that she could take a personal loan out for…
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Personal loan for house improvements - complex arrangement
Hi, a bit of a complex arrangement. * I bought a house with my late wife. * Her sister is in charge of her(late wife) estate in trust for the children (both minors) * She and I do not get on. * In order to remortgage the house, I would need to buy the trust out (They insist) * I cant afford this. * The house is too small…
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Old Car finance checker?
I've taken out so many loans and finance over the years its impossible to recall all of them. I've seen adverts whereby you enter a few details and they show you your history of finance agreements for cars so you can then claim back and mis sold products. Being caustious I assume everything is a scam or nefarious until…
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Least damage possible....
hi all, I've got a 12-24 month requirement for a lot of unsecured cash to complete a holiday villa project. What would be better for my credit score, and leave most options open - get a loan from the bank, then use the Credit card cash transfer offers on my 4 (empty) credit cards currently? Or the other way around... take…
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Personal Loan Settlement?
I'm going to pay off a personal loan next month. Apparently when you request an early settlement the final figure will include up to two months interest on top which will be based on the currently outstanding amount when you request the settlement figure. Maybe I'm being daft, but why bother asking for an early settlement…
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Car finance loan and credit card query
I'm looking at getting a new car, with a £1000/£2000 deposit and costing around £15000. I have read a few places that you can take out car finance with the dealer and then cancel it within 14 days and use a credit card to pay it off - is that right? I have a good credit score and a few offers available to me for 2 years…
