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Loans

Discuss all types of personal loan. Remember MSE's stance on loans: 'borrow as little as possible, repay as quickly as possible'.

Personal Guarantee
Hi All, I took out a Buy to Let Mortgage 3 years ago with a 5 year fixed term. The solicitors messed up and didn’t get me to sign a personal guarantee at the time I took out the loan, and are now asking me to sign it as the lender has requested a copy. I don’t think it is reasonable for this to be requested 3 years later,…
Paypal balance
What is the best way to pay off my paypal balance. Currently only just paying interest, want to clear it
Is a company geniune called Quick Money
Hi, I am suspicious but I just need confirmation. I have been applying online for a loan, but due to my poor credit history I have been rejected. However, I am being called on a daily basis from a mobile number from a company called Quick Money. They sound like they are working in an Indian Centre. They claim there website…
Eligibility For Zopa Loan - After IVA ?
Hello !! Pls, I had a car finance loan with Zopa. I paid it off (while I had the IVA). When the defaults fall off by December, 6, 2025, by God's Grace, how easy will it be for me to get a personal loan with Zopa - given that I paid off the loan early & also, that I probably have a good internal credit score - with Zopa ?…
Is it possible to give a secured loan to a family member
I have been asked to lend £10k to a family member who owns his house outright but needs to do some work on it prior to selling it. I have been promised the money back when he sells as he has no no other disposable income. Is it possible, as an individual to create a loan agreement that states that the full £10k must be…
Amigo didn’t put guarantors name on contract
Hi, I’m getting a lot of hassle from Lantern UK… I’m autistic and don’t have any external support. so I was told to apply for the scheme where people were miss-sold loans about two years ago I think? My ex partner and I took out a loan to be able to move home, as it was urgent. This was in 2018. I was told that the…
Merchant Financing Loan
Hi, As a small business owner, I was in need of some money to enable us meet some quick obligations and I applied through my bank and a Merchant Financing loan was approved. I have now quickly gotten the money back and looking to refund the loan in 7 days but the company are insisting that I had to pay all the fees. I…
Was this loan apr quote reasonable?
Unfortunately daughters old banger died so she needed to get a newer, reliable car. Went through all the sensible budgeting things and found she could get a very nice little car for £15,000, for which she would need a £10,000 loan. She is 20, full-time employed, no debt at all. Did a loan quote with her bank which came…
What to do?
I approached my bank for a loan 50k, they said is wasn't possible because of a business at the premises. I then looked for a mortgage, doable but would need to take out a building warranty insurance at around 9k, as a new build property. Thinking about other ways to finance my project, I can now probably raise 30k cash,…
Applied for a loan so APR on other loans increased
I applied for a loan to buy a car, so it isn't a small loan, but I have a fantastic credit score. I went to Tesco Bank as they were offering 6.0% but was having issues applying online, so I called them late afternoon on Monday. I don't recall whether they told me before or after agreeing to a credit search that the offer…
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…
Need help with making decision on my car finance situation.
Hi guys I need an advice regarding paying off my car finance I currently own Honda Civic 1.5l 2017 Fk7 MK10. It’s reaching 100.000 miles and I paid off nearly 3 out of 5 years of the finance on it (£8.100 left to pay). I have decided that I will leave the UK forever next year due to family issues and I am trying to think…
How to work out what might be cheaper - money transfer from a credit card, or a loan
My husband wants to borrow £3,000 to cover the cost of a lease extension. He is trying to compare whether it would be cheaper to do a money transfer from his credit card (currently zero balance) or get a bank loan. Either way, this value will be included in a re-mortgage in a few months time; so it is only a temporary loan…
How to complain about excessive interest rates
Hello, We stupidly agreed to a loan with Shawbrook for repayment of our windows installed by Britelite. I have received our annual statement and we will be paying £7050 interest on a £5395 loan so far we’ve repaid about £7900 with a balance outstanding £3498. This feels like usury in this current climate. we haven’t…
Court claim kearns solicitors
Hi apologies if I have posted this in the wrong thread. Basically I received a claim form for a debt with link financial/kearns. I rang them last Monday to explain my situation etc and offered a repayment plan if they agreed to not pursue the claim through court. They agreed the payment plan and said a letter will be sent…
Heliodor Mortgages _Topaz Finance Ltd - not discharged a previously settled debt
Really seeking some advice, la catalogue of errors back in early 2022 by our solicitor (buying) and the sellers solicitor. Sellers Solicitor took an undertaking that a registered charge in favour of Topaz Finance Ltd Jan 2005 and an equitable charge in favour of Northern Rock May 2009. Having purchased the house and not…
Use of interest free loan
My parents paid some time ago a big bill for me which was of significant benefit. They have also offered me an interest free loan which although I do not need right now I am thinking i could deposit in a savings account and return the interest I earn to my parents in gratitude for the bill they paid for me previously. My…
Motor Dealers forcing customers to use their own dealer finance
I own a small independent self funded Finance Company & we are increasingly seeing Motor Dealers refusing to issue an invoice to us as a 3rd party Finance Company, telling our customers that if they want finance they have to use the Dealers own services. In the latest instance (Mini UK) they refused to sell the car to my…
Amigo Loan mis-sold
Hello, I was a full-time student when I took out a loan via Amigo Loans in 2014. They offered me the loan and I took it with a guarantor. I only worked 10 hours per week. Despite my limited income, I was offered this loan, which I could not realistically afford. Since then, I have remained in debt, still paying off a loan…
In debt with a bad credit history seeking a consolidating loan
This post is about getting a loan when you have a bad credit record. My daughter has got herself into debt (circa 5K GBP). Mostly a credit card but also Klarna and Council tax. This has been due to the impact of having to supplement an income adversely impacted by poor mental health. She works for the NHS who have been a…

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MSE News

Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.
Don't get your passport by post – 360,000 paid more than needed last year
If your passport is due for renewal, apply online if you can – it'll save you £12.50. More than 7 million Brits did just that last year – but over 360,000 missed out on savings by using a paper form instead, MoneySavingExpert.com can reveal.
Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.

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Loans

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