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Unknown loan - debt recovery
Good afternoon and thank you for any help/advice. Today, I received a text message from ResolveCall - it follows through to a letter that states they are chasing a debt on behalf of Intrum with the original loan people being MoneyShop. I don't believe I have ever used MoneyShop and there is nothing on my credit file. I…
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Motorbike purchase cancellation
Hello I was wondering if I had right to cancel my purchase of a motorbike. I felt maybe I rushed my decision to purchase the bike. Bike was viewed on the premises. Finance application was filled out on a tablet and sent on the premises. £100 of a £1000 deposit was paid via a card machine on the premises and given a paper…
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Is it cheaper for high earners abroad to pay the non-compliance rate?
Question is about living abroad and having a plan 2 student loan which has been being repaid every month for the last year and have been asked to provide information for the annual review. We notice (my son and I) that if we do not provide my employment information, he will get charged a 'non-compliance' interest rate and…
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Specialist Motor Finance affordability refund
The Financial Ombudsman has ruled in favour of my case that SMF gave me unaffordable finance. They have ordered SMF to repay anything I paid over the cash price of the car (£10,414). Now I handed the car back meaning I only paid £9434, SMF have emailed stating they don't have to pay anything due to me not paying anything…
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Loan or card: Unsure which would suit my situation
Hello, I have just recently bought a house and I had to get 2 months advance on my salary to do so. My mortgage repayments are much lower than my salary in general but I will really struggle to pay all of my bills for the next few months until I am back on my feet. All options I have come across offer a large amount of…
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Business investment/pay off mortgage
Hello, my son’s five year fixed mortgage is up for renewal in August. He has enough savings to pay off £100k chunk, which will bring down repayments on portion of mortgage left - particularly as he’ll be moving to a higher rate of interest. Meanwhile he also has an opportunity to buy into the business where he works - also…
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Loan before remortgage
Hi We are wanting a conservatory this summer and plan was to take additional on our mortgage to pay for it. However mortgage fix rate expires in Nov and I want to change lenders so I don't want to tie myself in with additional borrowing on a min 2 year fixed term What would be best in this situation? Take out a £30k…
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My Mum’s Care home fees
Hello everyone, I’m a newbie to this forum and to be honest forums in general. So I’ll cut to the chase. I need to pay for mums monthly care home fees and am at a loss how best to proceed to raise the funds. The situation:- Mum bought a bungalow with proceeds of sale of her home half of which was left to me by my dad (I’m…
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Klarna 24 month contract on purchase
Hello all, I have a question that I hope someone can shed some light on regarding a purchase I made via Klarna for a piece of office equipment. Below I will give a brief outline with my question. At the point of purchase I decide to spread the cost of the item with a 24 month contract term, I intended to make a large down…
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Salary sacrifice - Student maintenance loan
Hi, I paid into a pension via salary sacrifice. If my child applies for a maintenance student loan, then do I have to declare the money put into salary sacrifice pension? thank you for any help
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HELP! TFS Loans and conduct post administration
Sorry if this has been asked before but desperate measures .. I (stupidly) took out a loan in 2016 and topped up in 2017 with total borrowed £5500 - plus their insane interest. I put in a mis-sold loan complaint in Oct 2020 which was rejected and went to FOS. An adjudicator agreed and returned report to TFS who still…
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student loan dept that has gone to county court
I
applied for my first year at Kingston University upon themes in 2021 during the
applying season. Whilst applying for student finance England to fund my first
year of studies I accidentally chose the wrong year. Instead of applying for
the academic year of 2021/2022, I applied for the year 2020/2021. I didn’t notice my…
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Selling of Debt
I have a couple of old debts, i was paying them through Stepchange but i did not update my budget in time so Stepchange cancelled on me and the companies were not receiving the payments i was sending. Stepchange started refunding my direct debits. It seems that now the bank has sold my debt as i am getting letters from…
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My husband wants to take a loan against our house. Can hexfo this without my permission?
My husband and I both own our house. No mortgage outstanding. Both our names are on the house ownership. He told me that he is going to ask for a loan against the house, but I am against him doing this. He is 100% certain that he can do this without my permission and he said he has already started this process. Is he able…
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Loans for studying abroad?
Does anyone know of any loans or schemes available for funding international studies in Europe? It would be around £80-90k minimum. Would need a few years after my degree ends to pay it off, so it can't be under 5 years pay off. Any advice would be greatly appreciated.
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NHS Fleet Solutions ending lease early.
Hi, I need to know where I stand on ending our 3 year lease early with NHS Fleet Solutions. The situation is as follows, my partner works for the NHS and a University (0.5 FTE for each). This is fairly normal in her field. She has accepted a job offer at a different university which will be a considerably longer commute.…
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Secure loan but mature student low income however do get £15000 year in student loan and bursary
Hi I am in need of an answer as I am looking for a secure loan to consolidate some debts which will reduce my monthly outgoings by £450-£500 a month, I am however classed as a FT Masters student I do get NHS bursary and Student loan of £15000 on top of earning via PT work (£800-1220) a month my mortgage is £905 a month,…
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Loan to son payed back!
Hello, 4.5 years ago my wife and I obtained a loan for £25k to help our son buy out his ex-girlfriend from the house he was living in and to help him buy the house. He has now just sold his house and will be paying us back the money. where do I stand with the £25k with tax? I am a 40% tax earner and my wife a homemaker, is…
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Paypal 3 is no longer allowed
I have been with PayPal for well over 15 years. I have never defaulted and have a tendency to pay in advance/early. Out of the blue, I suddenly find myself no longer having access to Pay in 3 for no reason at all. My credit rating is very good, I am not a criminal, I am a British resident etc etc. I meet the criteria which…
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Salary Finance - poor credit score
I'm considering applying for a loan with Salary Finance who work with my employer. They say they have higher acceptance rates, but my credit score is rated "very poor" at 495 with TransUnion which is the referencing agency that Salary Finance use. I've recently had quite a good increase in salary after moving jobs and it…
