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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…
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Notice of default and notice of default sums
Hi, Hope you can help me in specifying exactly what is going on. I have some car insurance with Admiral, setup in March. I have paid the car insurance successfully monthly, until the next payment due date which was the 04/05 - in which the payment was unsuccessful because I had moved a sum of money to a savings account and…
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Beware of Barclays Partner Finance
I bought a bathroom, paid 50% at the time and took the other 50% on credit. This was with BPF. It was 0% interest for the first year. I paid it off, with just over a week to go. I phoned them after the weekend to see if they had received the money - the man confirmed they had. Logged into my banking app today for something…
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car finance for a Tesla Y
I am seeking advice on the legitimacy of an agreement I have for a new Tesla Y bought in December 2022. It is a Non-Regulated Hire Purchase Agreement. The terms of the finance are as follows: £53,181.00 was borrowed to be settled by 48 monthly payments of £928.63 with a 49th payment (the so-called balloon) of £24,210.00.…
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Loan repayment terms, what does this mean?
I'm helping someone reduce their loan but it has the following clause. we're likely to reduce it from £6k to £3k now, does that mean we can't pay the whole lot off in a few months's time? 'you'll still need to make a monthly repayment paying more will reduces the size of your the amount of interest you pay and the cost of…
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Short loans in a trust deed
Hi Please dont judge me. So im in a Scottish trust deed and my car engine has just went bang. I don’t have the amount to fix this and I have no one around me to ask for help. Does anyone have any idea where I could borrow money from short term? Or no of any overdraft options? I have tried my bank, I really don’t want to…
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Advice needed for a friend's loan
Dear friends, A friend of mine came to UK in 2011 as a student and he borrowed some money around 2000 GBP from his bank in 2013 for his marriage. He also used about 700 GBP of his credit card. He went back to his country and unfortunately never got a chance to come back due to some financial issues. Now in 2024 he has come…
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best options for a newly employed
Hi I am planning to apply for a loan roughly between £8000-10000 and the need is quite personal is to cover my family member visa fees and their hospital bills. I will have been in full time employment with the same employer for 6 months in September. Before that however I was freelancing job hoping and my bank account was…
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A really sad story....
my son & partner bought their 1st house last summer learning money management here. because they were both working my son took out loans for 2 cars on finance, a big Range Rover thing that was £20k & seats their 4 kids and a smaller Audi with a few bodywork issues for a cheaper price, I think around £4k but in February his…
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Don't know where else to Post...
I am at my wit's end! Since approximately September 2023 we have received a constant stream of envelopes addressed to a person who has never lived at our address (we are only the second owners, lived here since 2009, and I know the name of the person we purchased from - not the name on these envelopes). All letters so far…
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One Stop Money Shop - paying it off early!
I recently found out that my wife had taken out a £1000 loan with the One Stop Money Shop over 12 months without my knowledge. When I saw the direct debit leaving our joint account, I confronted her and found out she had agreed to an interest rate of nearly 300%! So I offered to pay the loan off in full, thinking that as…
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Buying a business, using house equity.
I have been offered an established business that has been successfully trading for over 4 years. The owner is retiring and hasn't really pushed the business for the last year, so a lot of scope to really build. I have savings due to redundancy, but wont be enough for the initial purchase cost and monthly living. The…
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Two loans arranged to purchase car by dealer
Hello, With our last car purchase, the dealer said we would have to take out two separate loans but under the same sales agreement in order to purchase the car. It was for £20,000 car and they said at the time it was something to do with the age vs value. In hindsight, we are now wondering if this was correct by the garage…
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Klarna Kate Payment Fees - May 2024
In April, we somewhat hesitantly entered into a BNPL agreement with Klarna. This morning, we received an email informing us of the new late fee charges. Does anyone know whether we should have been made aware of these planned changes before we agreed the loan? I get the due diligence argument, but there were no obvious…
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Paying PCP sooner
It's coming up to 12 months since I took out a PCP loan on a 2021 Vauxhall e-Corsa, just the car we needed at the time for local journeys and will be keeping for the foreseeable future. Has anyone attempted to pay the loan sooner? What did you do? I've heard people take out loans on better rates than the PCP deal - is this…
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Declined for Barclays Loan based on Current Account Activity
I applied for a Barclay Loan for a car (£9000 over 48 months = £215 per month repayments) and was surprised when I was turned down based on affordability. I called to check and query this, as I felt I met their eligibility and affordability criteria. * my income is over £55,000 (joint income is £100,000) * I am full-time…
