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Loan offers reduced from £25k to £7k
Hi, I am in the process of getting a mortgage with my partner and the bank we are using accepts loans as the deposit as we don't have enough saved yet. The issue I am facing is for the last few months I have been checking for loan rates and loan offers as I need to borrow £13k and the offers have been great so far and our…
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Help Needed - Received Debt Collection Notice for Unauthorized Phone Bill
Hello Community, I hope someone can offer guidance or advice regarding a situation I'm currently facing. Recently, I received a debt collection notice from a company regarding an outstanding phone bill that seems to have been incurred by someone using my address, but not my name. Here are the key details: * The bill is in…
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Old alliance & Leicester mortgage/Loan
Hi, I took out a mortgage with alliance & leceister back in 2007 when they were offering 100% + mortgages. I don’t have any issue with the mortgage as that is all paid off now but back then I took an additional unsecured loan out with the mortgage package. This was £16k to pay for the deposit on the house and a few other…
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Remortgage?
I have a home with no mortgage to pay and want to remortgage to buy property abroad as holiday home and investment. What would be the best mortgage option and any pitfalls in buying abroad?
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Credit Union apr
Hi all, has anyone experience/knowledge of loaning from a credit union? I've been a member for around 5 years, saving what I can against unexpected bills. I've recently had to spend all my small savings on car repairs and still need about £500-600 work done. When I used the credit union loan calculator to loan £600 over 12…
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PCP - Maximum Percentage
Hi, does anyone have any knowledge on the maximum value the balloon payment can be, as a percentage of the total agreement value. I'm currently looking into Voluntary Termination, but during the entire term of the agreement, i will not have reached the 50% threshold, to be able to do this.
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BMW FS Settlement Figure
Hi, I need some help from someone who is experienced with PCP. It’s my first ever time and I can’t seem to agree with my settlement figure from BMW. I purchased my car in June 2023. I have made 8 payments of £703.31 to January 1st which total £5,626.00. I have requested a settlement figure today to settle the finance on…
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You dont miss it until its gone
Hi All, Bit of a dilemma in my personal financial world.... We are coming to the end of our old Virgin 1 style mortgage which had a really brilliant draw-down facility in which we used during renovations to our house and funding purchases. We essentially managed to clear the mortgage off early around 2 years ago and…
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Letter threatening Legal Action from AJJB Law acting for CRS
Hello I am new on here and looking for advice. I have received a letter headed "Important - Potential Legal Action" from a company called AJJB Law. They are acting for Credit Resource Solutions (CRS). Apparently CRS are claiming that I have an arrears account of £582.50. This is the first that I have heard of such an…
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Logbook loan advice - no paperwork
Hi all I'm just hoping for some advice regarding a logbook loan I took out last summer- very silly I know but desperate times. I recently asked for a statement of some kind because there's no online portal or any way for me to see what's left to pay, other than the original agreement and obviously my bank statements to…
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Loan Provider Changed Payment Structure without Permission
I contacted Updraft and asked about what options they may have of reducing monthly payments, extending the loan, anything to discuss options. After being asked to fill out a form with my income and expenditure and waiting 6 days, I got a message to say my next monthly payment will be reduced and to ignore any messaged…
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Anyway to identify which bank will give higher credit limit?
I went to pay off my car PCP with a joint loan, however I'm not getting the advertised loan rates, despite strong credit rating. However, I've got pre-approved money transfer credit cards, with a 3/4% transfer fee ad 12 months free interest. My plan is for me and my partner to use one of these each, then pay the rest with…
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what are my legal rights
I have a contract with a company called PAY DAY FLOORING since 24/07/2023 for blinds and still to this date the job is still not complete I have recently told them that I will not be paying the remaining balance of £171.98 as I've waited going on seven months for a job to be completed with multiple bookings to come out but…
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Liability question
My late wife acted as guarantor on my step sons loan. if he now defaults on his loan will i be liable ?
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HFC Bank equitable charge
Hi there, On my late mothers property, there is a charge from HFC Bank Limited. This now belongs to HSBC where they were bought out a few years ago. In November 2023, I received a letter from HSBC stating they have decided to no longer pursue this debt, and they will be applying to the HM Land Registry so they can remove…
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Borrowing money for property investment
First time posting on here. Just looking for advice and best way forward. Myself and a very good friend of mine who lives in Germany with his partner. We are looking at investing money into a B&B in Germany that they already have. €30,000 euros each. Need the money for redevelopment of the property. We expect to have the…
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Constant Loan/Debt Collection Letters To Wrong Address?
Hi All, Sorry if this is in the wrong place but I've recently started receiving letters from a loan/debt company for someone I don't know. (Maybe they entered wrong address details I only realised it was a debt company by the return address on back of letter) I lived at my address for years and this has only just started…
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Peronal Loan and credit rating
Hello folks, I'm considering taking out a personal loan to diversify my credit and thereby improve my credit score. Because I have existing funds, I'm flexible with amount I borrow, but I'm wondering whether borrowing higher amount (and of course settling the debt) will improve my credit score more than borrowing a smaller…
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Quick question on applying for Klarna for instore shopping
I'm looking to buy something in a high street store which offers Klarna pay over 3 months. If I were to apply, do I do so instore or can I apply online first and go in store already approved? In other words, do you get an account with a credit limit in the same way as a credit card for example? Or is it item / purchase…
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Early Repayment - Lendable
I have a loan with Lendable where under my schedule it shows the current balance as being in the region of £4000, however, when I request my early settlement figure it says it will be around £4250. I’m guessing the difference is something to do with a sort of interest penalty being added for settling early which I know…
