-
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…
-
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…
-
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…
-
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…
-
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…
-
Liability question
My late wife acted as guarantor on my step sons loan. if he now defaults on his loan will i be liable ?
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
Difference Between a Business and Personal Loan
Hi I’m in the process of defaulting my loans but I had one loan that I’m confused This fund institution is marketing itself to provide loan to be used for company not personal. So I took out this loan to be used for a company’s capex but I want someone to tell me what kind of loan it is. The company is Enterprise Loan Fund…
-
Car finance affordability checks
Has anyone had to do affordability check via open banking for car finance?? (PCP) I have had 2 cars with Arnold Clark for a period of 6 years in total not missed one payment. Have recently been in to change my PCP vehicle carrying some equity over which they said was fine and we stuck to a budget to suit this as we…
-
Nationwide loan- more information
I applied online I got accepted and it said money will be paid 3-5 days because different account - then I got email saying this your application for a Personal Loan has arrived safe and sound – you’re now just one step away from your new account being opened. We just need a little extra information first. We’ll be writing…
-
0% balance transfer over 12 months with a 0% fee or 6.9% over 24 months with a 0% fee.
Hello, I need some advice - I have a credit card balance I need to transfer - it will make my total balance £2,200. I can either choose to transfer the remaining £901 to my card making the balance £2,200 at 0% with a 4% fee over 12 months or I can choose to pay it off over 24 months with a 6.9% pa but no transfer fee. What…
-
Buy Now Pay in a Year
Hi We bought a sofa from SCS in 2019 on Buy Now pay in a Year. We paid £500 down so £1000 balance,the delivery of the sofa was delayed due tom Covid, the store called us and explained I asked if the balance needed to be cleared on a year from the delivery and was told by SCS that is was a year from delivery. in 2020 a…
-
Identity theft
There is a debt that is in my name, date of birth etc but registered at a different address so I was unaware of it until a debt collection company contacted me. I reported it as fraud to the police, the debt collection company and to the company the debt was owed. The debt collection company backed off saying that they…
-
HP loan switch
Good morning all, According to ClearScore I could switch my HP loan and save £20 a month saving me £1000 of interest. Has anyone done this before? Is it straightforward? Any complications? Any advice? Thanks
-
Credit Union
I took out a loan with a credit union they take the money straight from my payslip. I applied for a new loan of £600 I still have an outstanding amount of £669 which has already had the interest applied .. but they have added the 669 and the £600 I have asked for put them together as £1559 and want to charge me 2.38…
