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HP car loan
Help!!! I have taken out HP agreements on my last three cars and have been able to return them at the half way point with no further payments to make. My most recent car was purchased this way and over Christmas I had to spend over £2000 in repairs as the car was getting older and had a couple of big problems. I was 40…
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The cost of borrowing changed!
Hi there I took out a loan with Virgin Bank, after running a soft search they quoted me the loan amount I asked for, plus £200 for the cost of the loan. However when they did the hard search on my credit file, that £200 became £450! I feel like I have been misled and scammed by virgin bank. My point is they had all the…
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Applying for two personal loans in quick succession
Hi there. Advice needed please. I recently applied for a personal loan from my bank. I foolishly included in my monthly salary figure a portion of income that I get from self employed income which is outside my PAYE income. They came back to me asking to evidence this for the last 3 months. As I'm not able to do this in a…
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Cant Get A Loan, but not in debt, no missed payments?
Hi,I owned 3-4 businesses for 9 years.Missed 1 payment in my life. Credit Score is Very Good.Had £6k overdrafts on all my accounts and all banks are in positive. Have some savings.I've had loans in the past from paypal £8k was paid before it was needed back.Been with all my banks over 5 years. Born in UK. With HSBC,…
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Loan for car with low early repayment fees
Hi there I am looking for recommendations on loans or car payment plans on a car purchase of around £10k with low (or no) exit fees. I am on a low income and on UC and currently have a 2012 small engined car. I am due inheritance over the coming months and would really like to update my old car with these funds. Looking…
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Securing loan against proceeds from house sale
Hi, I want to sell my house within the next year and want to renovate the bathroom and kitchen before doing so. I haven't got enough savings to do this, so need to take out a loan. I only have a small pension as income. My intention is to pay off the loan with the proceeds of the sale. Are there any products that will let…
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Fraudulent Partnership Loan
I have just discovered that a loan was taken out in my name without my consent. Is this allowed? The loan company called me at the time and asked if I agreed and I said no. I have since discovered that the loan was granted and that my name appears on the agreement but not my signature. Is this fraudulent? The loan was to…
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2 loans, 2 different interest rates, same bank.
As above, I have 2 loans outstanding with ZOPA. Loan A is 15% and has a settlement figure of £8.5k. Monthly payments for 2 more years is £440 Loan B is 11.9% and has a settlement figure of £3.5k. Monthly payments for 18 month is £210 Im in a position to do a balance transfer to pay off Loan B. Loan A, I can't pay it all…
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Credit
I need a loan of £5,000 but due to my credit i am unable to get a loan or even a credit card, i have to pay out almost £5000 within the next week, any ideas as to what i can do? I am starting a new job in Sept which i will be earning of £3,000 a month so paying back with interest shouldn't be an issue. Any ideas as to how…
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Loan or Liquidating Investments
I'm considering a sizeable purchase and trying to get my head around whether I should liquidate ISA investments or take out a personal loan. Does anyone know of a calculator where I can play around with % investment returns and interest rates to calculate which is the most beneficial option.
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Bounce Back Loans
Bounce back loans were introduced during Covid and have now expired. The husband of a client of mine took out a BBL of £50,000 in 2020/21. He died in 2022. His wife did not know about the loan. There is still £48k outstanding. Is she able to request it be written off as the debtor has since died?
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Securing Loans To Purchase An Existing Business
Hey guys, I'm trying to secure funding to purchase an existing cafe with no capital or assets behind me. I'm looking for a substantial figure of around £75k, I'm not sure where to start as I would need a loan that doesn't need any kind of guarantor. Can someone help or give me any advice that would point me in the right…
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Unofficial loan advice
Not my situation thankfully, but points raised in a pub conversation about a friend-of-a-friend and we were debating the topic as non-experts. Interested to hear any feedback from those that may be more experienced either as lenders / professionals or having been lender or borrower in a similar spot. For the record (to my…
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Finio/Oakbrook Loans making it difficult to change Direct Debit details
Now firstly I accept that I could well be missing the point here. I'm autistic and I find it hard to deal with something I assume should be simple and is then suddenly made complicated. I have a small loan with Finio that I took out in April and the payments have been made from my current account on time ever since with no…
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Which personal loan providers allow flexible payments
I want to take out an unsecured loan for £20k over 5 years. Some months I’d like to make over payments. Some months I might not have enough for the regular payment. Which mainstream lenders supports this please? I don’t want an underpayment to result in missed payment / admin fee, hurt my credit rating etc. Thanks all!
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Car finance
Can you get personal finance for a private sellers car? Unable to get a loan for credit rating reasons but desperately need a bigger car for health reasons. Does anyone know any good firms who will offer finance personally for a car?
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Received a refund letter from Elderbridge
Has anyone else received a letter from Elderbridge saying they are due a refund of X thousand pounds on a debt they made good years ago?? The letter states we need to send proof of ID documents and bank account details, which to me sounds really dubious??!! Is this letter legitimate? Any help would be gratefully received.
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Personal Loan
Hi, I have recently been declined for a personal loan from nationwide. I appealed it and still got rejected. The reason apparently being that I missed a couple of direct debit payments for a savings account I have set up. Other than that my credit score is good, not in any debt , above average salary I’m looking to borrow…
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Personal loan and finance agreement
Is there a way I can save on the amount I’m repaying for these two separate debts, for example taking out one new loan to repay them early? Personal loan (5.8%) 42 payments of £182 left to pay = £7644 payable. Settlement amount = £6643 Finance agreement (5.19%) 53 payments remaining @ £82 = £4364 payable. Settlement amount…
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Unknown loan
My friend is in a mess. Her husband took out a business loan and made himself directors guarantor. He is now in the process of dissolving the company and so has to make the repayments himself, which he or my friend cannot do. They are considering re-mortgaging to pay off this debt. I don't feel this is fair, as my friend…
