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Car finance-what’s a good interest rate
Hello, I have been offered 10.9% APR for car finance. Is this a good offer please? Don’t think I’ll get a loan until Feb onwards due to credit file. Thanks
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Paying extra to a loan
Hi. So my partner has a mortgage, every 2 weeks I pay an extra £35 to it. Monthly mortgage payments never change as a result of doing so, but we know it will benefit us when the fixed rate period ends and looking to remortgage. I have a loan which I pay £400+ to per month. I started trying to pay with an extra £50 one…
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Personal loan query
Hi all I want to take out a personal loan to pay off my car but I also want to cover a some of a credit card balance. Because the loan covers multiple items, is there anything I need to consider? When looking at rates I can only select one reason. Would I need to let the lender know that it covers multiple items?
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Eligibility for loan
I have an excellent credit score, and my affordability should be fine as I can get enough credit cards. I also have CC that are 0 balance but a couple I have small amounts on, so I'm using them but paying them off the same month, I've also just paid off a nationwide loan. My credit report in the credit club says my…
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Is a loan possible for me?
Hello, I was hoping to get some advice/information on whether I can actually get a loan. I have used loan calculators which offer a couple of bad options and I’m not sure which of my details are hurting me but have some ideas. I recently completed a reskill course for a technical profession and have managed to land a…
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Secured loan instead of re mortgaging for home improvements due too lower credit score
Hi, We are so desperate for home improvements and after 10 long years feel enough is enough! I have managed to complete my IVA 18 months early but know it will still affect my credit score for just over another year, plus we have a fantastic fixed rate with our mortgage provider for another 2.5 years at a delicious 1.9% so…
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Aci my jar help
Good morning, I received the following letter from Aci regarding a debt originally from my jar loans. They sent me the following letter ACI Customer Reference#####Balance Outstanding Original CreditorMYJAR LtdOriginal Loan Reference(s), Dear ###### As you are aware, you have an outstanding balance of £2,140.26 which…
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Car Finance Company Check Evans Halshaw
Hi, I bought a car on finance through Evans Halshaw Vauxhall in Borehamwood. I know the registration of the car but can't find any documents on the finance agreement. Does anyone know what company they used for their finance back then or any way to find out? I wrote to my bank for old statements but they said they didn't…
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Overpay secured loan or husband’s secret credit card debt first?
Hi all, Looking for some financial advice about which debt to tackle as a priority… Backstory: husband and I have our mortgage (about £180k remaining). Two years ago we took on a secured loan to consolidate credit card debt we both had. We took on a loan for £47k at a much better rate than the credit cards. The last 2…
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Interest Free Credit hack
If you are offered interest free credit from companies such as DFS, but you don't need or want to spread it out over a number of years, still take it, over as long a period as they offer.After a couple of months, ask for a settlement figure and it will be less than the outstanding balance.This is because the company (DFS…
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Irresponsible Lending - Bank Statement
I have an irresponsible lending claim which the financial ombudsman has agreed to investigate. In order for them to do so they are requesting bank statements from 2006 to 2008. They are also requesting a copy of my credit report from the same period. Can the bank (HSBC- who I’m no longer with) refuse to provide due to the…
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Change direct debit date.
Hi. So on the 30th of may, I applied for a loan. I was accepted and received the funds on the 3rd of June. The loan company has an online site which I registered on with the intension of changing the direct debit date to the 2nd of each month. It said I need to wait for the direct debit to be setup before I can change it.…
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LOANS I DIDN'T TAKE OUT
My friend is paying back 2x £5000 loans that were taken out not by him the day they went into his bank account. They were taken straight out the bank investigated and the account and they went to has been closed. He didn’t realise until they started taking the repayments back. For them to be able to take the money out as…
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Personal guarantee
Hi, In a bit of a mess. Liquidated a company due to insolvency and various economic factors that put an end to 14 years of hard work. Thought I could make it work and took out an expansion loan with PG from funding circle in joint names with house as collateral. Now looking for work and definitely can't pay the expected…
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Updraft Loan
May have the opportunity to obtain an UPDRAFT Personal Loan which would enable me to clear all my Credit Cards and the horrendous interest charges that go with them. UPDRAFT have a Trust Pilot rating of 4.9 out of 5 and the reviews are very good. I have completed the various stages of the application without a problem,…
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Personal loan advice
Hello everyone, Could anyone recommend the best and most simplest avenue to obtain a personal loan? I have hit a dilemma as currently have low cash flow at the moment as I am transitioning my financial situation. I am in the process of remortgaging a BTL property, all was going great, I passed the underwriting stage and…
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Post Office Loan - early repayments
I've contacted the post ofice today to ask to make an early payment. I've been told I can't becasue I have already paid off all of the interest, although this is a 60 month loan I've only had for 24 months. Is this right? Doesn't the interest get calculated over the term of the loan? The paperwork says I can make early…
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Cash for Interest Free Credit
Looking at buying a new kitchen. The Vendor offers 5 years interest free credit with the same cash price. Clearly, the cost is way below what they are advertising and they add in the finance charges to make up the cash number. Has anyone had any success in negotiating a win/win? They get cash up front and make more on the…
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AA Loan Front Loaded interest
Hi, i took out a £10000 loan over 84 months with AA in 2022, the monthly repayment was £168.03 no deferral period and interest rate 10.9%. Ive made 21 payments so far totalling £3528.63. I've been given a settlement figure of £10417 which is more than I borrowed, so basically every paymemt I've made so far has been 100%…
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HSBC Personal loan
Hi, I am looking for hsbc personal loan of 30K ( I have Premier account with them). I have 3 credit cards with a total of 23K limit and 10% utilisation. I also use 97% of arranged overdraft in one of my accounts with 0% interest for 12 months. MSE eligibility shows 70% probability for this loan. Can you please give some…
