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Borrowing against house as LPA
Hi, Not sure this is the right section to post in so please advise if not. Bit of a complex situation. Dad owns house and I have LPA as he had a severe stroke which has left him housebound, as the house is up steps which he can’t access. I’ve looked at various options but all costly and impractical with stair lift option.…
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Front Loaded Novuna personal Finance
June 2021 I borrowed £36000 with 1year deferred payment, I have since paid £556.34/month for 22 months (12000) The settlement April 2024 was £35,920.31 How can this be legal? means I only paid £80.00 of the original loan in 22 months Novuna Personal Finance Agreement number (Removed by Forum Team)
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Loan Quote Check
I've had a quote for a loan from Santander of £8,000, no arrangement fees, at 19.9% APR over 3 years, quote me total interest of £2,453 and therefore a total repayment of £10,453. I've plugged these same terms into about 10 different loan calculators who all come out with an expected interest of £2,688 so total repayment…
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Ending Car PCP early due to faults with car
Hi, this post is sort of a half looking for advice, half to
vent so sorry it’s a bit long. Done a bit of lurking and think I know what the established
options are but maybe someone has similar experience and can share? I brought a 1 year old Hyundai Kona hybrid back in Sep 2021
on a PCP agreement. At the start of 2023 the…
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Applying for two smaller personal loans instead of one bigger one: good idea?
Hi I wish to take out a large loan (£18000) to consolidate many credit card debts. There are multiple loans available to me (via credit report sites like TotallyMoney/ClearScore) with rates much lower than my credit card rates. When I search for loans at half that amount, there are several more offers from lenders. In most…
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Unsecured loans: what issues should MSE be raising with the industry?
Hi all Here at MSE we sometimes have the opportunity to talk to industry bodies, and one of our colleagues will be talking to representatives of lenders very soon. We've already scoured the forum to spot recurring issues that would be worth highlighting, but if you've had a recent experience of dealing with a lender with…
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Will new lender see car finance paid off?
I was in a car accident a few weeks back and my car was deemed a write off. The insurance company are paying off the remaining finance. I am on the hunt for a replacement car and with this I am looking to take out a new finance deal (the savings I have are for my wedding). On credit files I know it will take a while to…
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Withdraw from PCP within 14 days
I'm just about to order a new car but want to take account of the manufacturer PCP incentive. If I want to withdraw from the finance within 14 days when does the 14 days start? I'm signing the finance agreement now but the car doesn't arrive for 20 weeks (factory order). Does it start when I sign or when I get the money…
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Early repayment of loan due to death
My mother in law has recently passed away. I'm currently organising probate and calculating assets and debts. My mother in law had a loan which she was about 3 years through a 5 year repayment period. The value of the loan is £6,600 now, will that be the settlement figure or will the bank add on the interest that would…
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Have you had success reclaiming from a mis-sold payday loan?
In 2018 MSE published the guide: Reclaim payday & other short-term bad credit loans: Get £100s or £1,000s back for mis-selling without using a claims firm Have you managed to make a successful claim against a payday loan company? I'd like to hear your stories.
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How to put all deb on one ?
Hello, for several days I have been looking for a solution to combine all my debits into one. I have been paying off 2 credit cards + 2 loans for 6 months and have had no delays. I have previously repaid 2 loans on time without any debt, I have never had a late penalty and I cannot find loan debit consolidation anywhere.…
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Short term loan puzzle
Situation: We own family house approx £350k Mortgage of £20k We have £470k cash We want to buy a new house for £530k (including fees, stamp duty etc), but only cash offers are being accepted. We need £60k. We are having house valued now for sale. Is in area that will sell quickly, but we will not be able to use that…
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Problem returning end of lease car
Hi hopefully someone will be able to advise: have had a Renault Captur on PCH through Renault Finance since July 2020. Decided to return early so paid fees on March 12 to terminate lease. Unfortunately car had at this point developed an intermittent electronic fault traced to its EPB by the dealer. They have tried now on 3…
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Getting in Best Position for 0% deal
I'm looking to buy some furniture later this year and there is a 0% finance deal offer. Even if I have the cash, I usually go this route to earn interest on the money in the meantime. But I have quite a lot of credit at the moment, and I'm wondering what I might do to put myself in the best position to take out this deal.…
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Early repayment
I have recently taken out a loan for £7500 but have the funds to clear it. The lender is asking for £12000 to clear the debt even though I only took it out 2 months ago. Does this sound correct?
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Car Financed for Ex
Please can someone advise me. I stupidly got a car on finance for my now ex, due to him having bad credit. The finance is in my name but he is the registered keeper. He has paid for the car for the past few years but has not sent the most recent payment. If he does not pay, where do I stand? I don't have the finances to…
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paying off PCP early
Hi, I've recently entered into a PCP arrangement for a car. Its with VW finance and am now in position to pay the full amount and end the agreement. I am still within the cool off period of 14 days. Yes I know I should not have entered in this agreement...but I did. If I did pay the full amount owed will I lose the benefit…
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Still no payment
Thought amigo was meant to pay us out. I’ve still not had anything. Has anyone else
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Taking out a loan for wedding
To cut to the chase, I have totalled everything up for our wedding including the honeymoon and spending money. I have deducted what we have saved so far and a conservative estimate of what we can save between now and June. This leaves us looking at a loan of £10,000. Equifax score is 1000/1000 Trans Union is 616/710 - Good…
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Credit report
Hi, I have just downloaded Check my file which shows all the credit reference agencies so I could make a note of all my creditors details before I tackle my debts. I have a loan with AA and it isnt showing anywhere on my any of my credit reports. Does this mean they never done a credit check when I applied? Thanks for any…
