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AMIGO LOANS
Hi, I understand this company are in wind down for 12 months. Can anyone explain what will happen to existing money owed to this company after the wind down process has finished
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To use savings or loan
Hi Hope something can guide me here, I'm looking to get a car and currently I can get a loan for 5.7% on 25k roughly paying back about £3500 interest if I take the term of 5 years, savings are now at a 5% variable or 6% fixed, I'm thinking do I get the loan and keep the 25k in the bank incase I need it but stick it in a…
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better chance with bank?
another question i’m afraid! don’t want to make multiple loan applications so trying to figure out best approach The question is how much would my bank HSBC look at my account (and how it has been managed) when making a decision.. obviously other companies can pretty much only work off credit files but do banks where you…
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Toyota Finance - Principal Payments
Got a car on HP Finance with Toyota Finance UK. Got another 3 years to run on it but don't really want to go this long with it. Ideally I want to make these payments to build some equity into the deal and pay less interest overall. I am in negative equity to the tune of about £200 not much I know. Anyway rang them to ask…
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loan vs money transfer card
i’m researching loan options at the moment and have seen various references to money transfer cards (MTC) which to be honest i had never heard of before. Seems this could be a viable option but i’m not sure i completely understand First, are all credit cards money transfer cards, i.e have this functionality? Or are they…
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Secured loan for an 85yr old?
I'm hoping someone here can help my neighbour. We live in an over-55s development of flats and the windows are having to be replaced. His contribution will be £4500 and he just doesn't have the capital. His flat is worth about £160k. He wants to pay and has offered a payment scheme, which may or may not be accepted. He has…
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Navigating loan amounts and what might be accepted
I’ve a couple of questions on loans that are different so posting 2 threads..i hope that is the correct protocol here! i want to pay off various credit cards through a loan, but i’m not sure how much i would be able to borrow..want i don’t want to do is apply, have it declined, and keep applying for lower amounts until it…
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Bought a TV off Very.com with a Very Pay account and it has not shown up on account
I bought a 50 Samsung TV off Very.com with a Very Pay account with a credit limit of £750, but after I had ordered the TV the amount it cost did not show up in the Very Pay account just in the orders. I had ordered a 43 inch TV about an hour before and cancelled it on Very and I don't know if it somehow caused a glitch in…
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Trying to understand hard searches and impact on loan applications
I have a loan offer (provisional approval) from a company after a soft search, however i want to see if i can better it with my bank (HSBC) who offer a lower rate. My concern is that if this is declined i will have a hard search on my file which then in turn might prejudice the other offer, as they will presumably need to…
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Car finance vs bank loan
Hi I have car finance with Blue motor finance since Oct which is based on 14.9% APR. Is it worth getting a loan from my bank which is based on less monthly payments to pay off the car finance and clear the HPI, so this would enable me to sell off the car, if required. Thanks
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PCP calculation advice
Hi guys I was wondering if you could help me decide which way of paying for my new car will cost less overall. Cash price is £31500. Yes I’m aware that’s alot but that’s my choice 😊 I have about £5k to use towards the car. I currently have a 2.9% bank loan. The settlement on that is about 2k less than my current car is…
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Loan from parents and inheritance tax
Hi all, hope you can advise? My parents have kindly agreed to loan me 30k to pay off a secured loan. After this loan has been paid, I'm hoping to move home and get a new mortgage. I will be paying the full load amount back ,with the equity from the house sale. Hopefully this will be with in the year. My dad is now worried…
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Taking family member to small claims court/loan
Hey everyone, How you all doing? Sorry if this is in the wrong section. Long story short my sister had always had an alcohol/mental health problems, she was getting back on track, new flat etc, I purchased her a new washer and fridge freezer via finance from AO as I have an account with them, this was set over 2 years with…
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I am in a pickle
My username says it all, I have made some very stupid choices and I am now in a complete riddle of a pickle. I don't actually think there is any way out, but I thought I might ask just in case. Bear with me this might sound odd... but I promise you it is about loans/borrowing. It all started in December 2019, when my son…
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Pay off old RBS or not?
I have an ancient RBS loan with repayments set to a small amount that’s manageable. I am not paying interest. they have offered me to settle for half the balance (5000) so a £2500 settlement. Should I even consider this or leave as is?
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Personal loan with length longer than remaining visa?
Hi all, Does anyone know of a loan provider that will provide a personal loan for a length longer than my remaining visa? My visa expires next year in September, but I will be eligible for ILR and will convert to permanent residency. I own a house and have a mortgage, so I have roots in the UK long-term. I was soft denied…
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Help with loans
Hi, I have recently joined the forum and I haven’t posted before but im in need of some help and advice as I’m unsure what to do. PLEASE be kind, I am well aware this situation is of our own making. We are a family of 4 and both my partner and I work full time however for various reasons we have got into debt.…
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Car Finance
My current car is coming to the end of it's life and I am looking at my options moving forward, traditionally a small bank loan would get me a decent car ~ 3 years old with minimum mileage, however, this no longer seems to be the case. I am confused to what people are doing currently? leasing looks attractive but I hate…
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GAP insurance
Hi My first time doing a PCP and I had never heard of GAP insurance until the sales man mentioned it. The car is retailing for £15,000 at 10.9% APR.. my friend says I don't need the GAP insurance as I have comprehensive insurance. Any experience from forum members?
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Mortgage v Personal Loan
Is there any difference / preference between say a £30k mortgage or a £30 personal loan? I'm looking to buy a property ( small flat for me ), but the main residence will stay on Mortgage - it's not a buy to let. Just wondering - loan would probably be easier to get, but not sure if the interest rate would be that much…
