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2 loans advice
Hello, I have two personal loans 1. MBNA 10K four 4 years - I pay £219 per month. 2. M&S 20k for 4 years I pay £447 per month. I hear consolidation loans arent always the best option. But any recommendations in general here? I would like to reduce loan term and monthly amount if possible. However, priority would be loan…
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HSBC - Loan Help
Evening all looking for some help on a hsbc loan i have just taken out here are the details Original Loan ammont - £8,000 for 60 months @ 15.9% ( i know its high) £188 per month Total payable if i run the loan for the full 60 months is £11,260 approx which means the interest is £3,400 approx ( which is silly and a lot) so…
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HP
Morning, I was wondering if anyone knows the conduct HP providers have to adhere to. I’ve just taken a new HP finance with the same company my old car was with. The first quote they gave me while I was at the dealership was 12.9% APR which I flatly refused so I went off to shop around with a broker. I was surprised when he…
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Do I owe this money?
A few years ago I was involved in a company. For some foolish reason the company needed to borrow some money. The lender wanted me as the borrower and I agreed. The money was sent direct to the company, not to me. I thought the company would be a success. Sadly my fellow director wasn't quite as honest. I resigned and left…
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Mortgage broker issues
Hello. I’m after some advice please. My mortgage broker issued me with a KFI and I signed and agreed to the rate on this, for whatever reason they didn’t apply for the mortgage for 2 weeks so the rate went. They then send me a new KFI with a higher rate on which I did not sign or agree to, so I decided to go to another…
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Debt Collection Agency Failed to provide copy of original loan agreement
Hello all, I wonder if anyone can help me. A number of years ago I got into a bity of financial difficulty which resulted in me taking out a number of loans etc. eventually I defaulted on most of these and some were passed onto a collection agency. I have been making regular payments to a company but a few months ago I…
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AST Collapse - Student Loans
Hi All, In February 2025 My son took out a £20k Student loan from Lendwise Ltd., to fund a 2-yr training course with Air Service Training in Scotland. As AST's 'preferred funding partner', Lendwise paid the entire £20k directly to AST in advance of any education. 2-months later in April-25, AST entered Administration &…
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Motonovo - PCP Agreement Arrears
Just looking for some advice or help with my current situation: I purchased a car from a garage and received finance through Motonovo Finance in 2021. After falling behind with payments, I’ve allowed it to spiral essentially out of control. The garage is now no longer in operation and ceased trading (not that I think that…
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Overpaying nationwide loan
Does anyone know their policy ie do they reduce the term or reduce the monthly payment?
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Good credit rating, no loan
I have an excellent credit rating, which I fiercely protect. 1000 out of 1000 on ClearScore, and slightly less on my bank website. I applied for a loan via ClearScore (12.5k over 36 months), and chose one of the lenders who were listed as ‘pre-approved’. Anyway, I put in the details (many were already filled in, as…
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Motor Dealers forcing customers to use their own dealer finance
I own a small independent self funded Finance Company & we are increasingly seeing Motor Dealers refusing to issue an invoice to us as a 3rd party Finance Company, telling our customers that if they want finance they have to use the Dealers own services. In the latest instance (Mini UK) they refused to sell the car to my…
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£32K in credit card debt and personal loan from 1 single bank - court judgment enforced overseas?
Reposting as submitted under less relevant board! Long story short - I have tried to pay off my debt for a while now (minimum amount) from abroad since last year after moving away for for personal reasons. I can no longer keep up due to medical bills and child care. What are the odds that the creditor with an international…
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Aci my jar help
Good morning, I received the following letter from Aci regarding a debt originally from my jar loans. They sent me the following letter ACI Customer Reference#####Balance Outstanding Original CreditorMYJAR LtdOriginal Loan Reference(s), Dear ###### As you are aware, you have an outstanding balance of £2,140.26 which…
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Is a company called Tide Finance Legitimate?
Just wanted to know if company called Tide Finance are legitimate? They keep offering loans but I am suspicious
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Hard/soft searches for loans
Good afternoon mse forummers Again I come seeking advice reagrding hard and soft searches on my credit file when looking for loans. Can anyone reccommend some sites for soft searches as I am still in the research stage and do not want to affect my credit rating by doing too many hard searches! Community bank/ credit union…
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Buy now, pay later protection one step closer
New rules to protect over 10 million shoppers who use buy now, pay later (BNPL) services are on the way to becoming law. However, MoneySavingExpert.com (MSE) founder Martin Lewis, who has long-campaigned for BNPL regulation, is urging people to remain wary until the law changes take force... Read the full story: Buy now,…
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Handing back a faulty/dodgy financed car
Hi all, I’m currently having a bit of a nightmare with a car I financed just under 2 years ago, with still 3 years left on my agreement. It’s come time to service the vehicle (it does very little mileage hence not being serviced last year) and have taken it to an independent BMW specialist to be serviced and take a look at…
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Help with loan
Looking for advice on what I can do if anything, I've currently got a personal loan which with interest in around £10,500 without interest it's £8307, I'm currently paying £188.75 per month with about 50 odd payments left, I took it out in a time of need to consolidate a few debts into one payment, since this 8ve split up…
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Extortionate end of PCP charge
I am normally quite savvy with money and make sure I get the best out of everything I buy. I bought a car 2 years ago with Santander on 0% finance. I have paid on time every month and the deal finishes next month with £400 to pay. I looked into buying a new car and voluntary termination was bandied about. I wrote to…
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IS THIS VERY BAD ?
I got a loan off dad to buy a btl a year ago -£70k I had to tell bank deposit was a gift not a loan So it looks like I am £70k richer than I am I have now paid this loan back from sale of another property I have split from ex wife and I know she will come after this £70k gift !! Could I change accountants and tell new one…
