-
Default on credit file, Cabot Financial
Took a loan out with Likely Loans and managed OK, got a top up and didn't mange it so well. Defaulted in Sept 19 and paid it off with Cabot Debt Collection Agency, Apr 20. Put a complain in about irresponsible lending but ut got upheld. Should of taken it to thd ombudsman but my daughter became poorly so everything got put…
-
Car finance issue
I took out a car finance deal in feb 2020 for £10,000 apr 34.9% with repayments of £327.84 i paid £4000.00 initially meaning the the amount now owed to them was i believe £8400 .. i just found out the agreement was due to come to a end on the 1st june 2022 but they have continued to take funds from my account till current…
-
Natwest - opps something has gone wrong during application
Hi, has anyone had any problems regarding the Natwest app and online banking during any sort of application? After being pre approved for a loan and after receiving the loan explained email, the screen loads for almost a minute then sends me to the "opps something has gone wrong" page, with a link to restart the…
-
Help with Nationwide approval process
Hello! I’ve applied for a loan to consolidate my debt and clear it off quicker, firstly I don’t want any judgements or advice re getting the loan just the process… so I went on comparison site yesterday and nationwide came up at 75%, applied online and it said “approved money released within 2 hours” I then had an email…
-
MSE News: Morses Club borrower? It's launched a new redress scheme for mis-sold loans
Borrowers with mis-selling claims against Morses Club likely won't now get the full amount they're owed, after the High Court approved a new scheme put forward by the firm to limit payouts and set a time restriction on claims. But don't let that put you off if you think you've been mis-sold, as you could still be due…
-
Loan or Remortgage for home imporovement?
Hi, I am looking for some advice on which is the best way to finance an approx: £15k home improvement. In general, is it better to take out a new separate loan for say 3 years or re-mortgage and add the £15k onto the mortgage? I understand that probably a mortgage rate may be cheaper than a new loan, but I am not sure if…
-
Self employed and can't get credit for a kitchen
Just had a credit application refused by Barclays at a popular home improvement retailer for a new kitchen. I tried to borrow 7k interest free for 12 months. What am I meant to do? I already have a credit card with 8k and no balance. I earn 50k a year (12k Pay and rest dividends) ugh.
-
Car Finance Rejection
Hello, a query, I have recently applied for car finance with Santander, I was declined despite having two settled previous agreements with them and not having missed a payment, I have no adverse credit, aside from car finance only one credit a account a credit card and according to MSE Credit club have a loan rating of…
-
Confusing loan eligibility percentages
Hi there, I've been using the MSE loan calculator, as well as the eligibility calculators on the websites of loan providers. With the MSE tool, it tells me I have one loan option, but only with 10% likelihood. For me, that obviously basically means zero loan options. But, with Tesco's eligibility calculator, it states I…
-
10 year loans
I know MSE stance on borrowing as little as possible and payback as quickly as possible but can anyone the best way to go about getting a 10 year loan. It is for a new car but over 10 years the payments would be kept to an amount I can easily afford each month and we would have a new family car. Just want to know who's the…
-
Best Personal Loan Route for Paying Credit Card Debt?
First post in forums. Sure traffic has increased significantly recently! I need some advice on my best route to a personal loan. I have just finished* an extension and complete renovation of my home and moved back in after nearly 3 years of building work (mostly thanks to COVID delays).To get the extension finished* I…
-
New PCP agreement
Hi all, Possibly going to get roasted here about PCP agreements but I'm just about to start one. I've had the finance proposition and the monthlies are good with the standard bubble payment. Fortunately I have a nice pot of savings (emergency fund) and worked out that for every £1k of extra deposit I could save £25/month.…
-
future value of historic loan
I loaned someone some money abour 15 years ago and would like to know what would be the value of that money now if it had been deoposited in a regular savings account. It doesn't need to be exact just a ball park figure. Where would I get the historic interest rates? I have already used an online RPI calulator to find the…
-
Joint loan
Hello, is there a comparison site i can use to find joint loan probability rather than just based on individual? thanks
-
Pay off loan or credit card?
Hi everyone first time poster and needing thoughts on this please and hoping this is the correct forum for this? I have a loan with RBS which costs me £95 per month and to clear it would cost £1750. The loan ends in Sep 2024 and it was taken out in Sep 2014. I also have £4200 on MBNA credit card and the interest free…
-
Car hire purchase
I currently have a bank loan. If I take out a hire purchase on a car can I add my existing loan to the car hire purchase hence paying off the loan with the bank?
-
Car finance for 3rd party
Hello Is it legal or possible to:Person A wants to buy a car but has poor credit score so cannot.Person B agrees to sign the agrrement in person B name and ownership of car (V5 registered to personB) and make the payments (money coming via person A to B account first) to finance company. The driver is only person A Is this…
-
Evidence for self employed loan
Hi there, Does anyone know which loan companies will accept bank statements only for evidence for self employed income? I can hardly find any information on this. I've got 100% pre-approval from a few companies and an excellent score but my income has improved sharply since my last tax return so I can only prove my salary…
-
Car Finance Loan
My son in law has recently passed his driving test and immediately bought a car through a finance company at an APR of 34.9% over 5 years resulting in repayments of £15k for an £8k car. I was unaware of this but the agreement has now passed its cooling off period. To compound matters he is facing insurance quotes of over…
-
Loan - Welcome Finance
Hi look for some information /advice I took a secured load out in 2007 with Welcome Finance. I believe this load has been paid in full , I am not paying anything currently and no one is requesting payments for this load. Appreciate this is from 2007 and Welcome Finance is no longer , however I cannot find a letter stating…
