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can't get a loan but own a house
I desperately need to release funds backed by my house (worth only £35k - yes it is cheap - it is Durham) however my past income doesn't come up to scratch. The thing is lenders seem to think I should care that I might lose my property if I can't keep up with repayments, so they won't lend. I don't care, take the house!…
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Finance
I took out finance with premium credit for a fitness course, however shortly after my daughter needed emergency therapy & I became pregnant again (not the plan). Needless to say I had to cancel the course as it was extra money that I could not afford to spend. I hadn’t done any of the course but also missed the 14 day…
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Can I use Statute Barred - Dryden Fairfax re: Erudio
Hi all, I had a student loan from the 90's. I deferred as my salary was low. In 2016, I started getting debt collection letters from Dryden Fairfax - I had no idea Erudio had taken over the student loan. I never received the letters and the option to defer. I have always responded to Dryden and Erudio via letter, and in…
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Nemo 2nd mortgage advice
Hi 13 years ago i took out a loan which has now become a 2nd mortgage apparently, although inittialy i understood it was just secured on my property. The loan was done by the same person who set up our mortgage in our home and was an independant financial advisor who has since been struck off as a professional. It was…
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Refused a barclays interest free loan despite never being in debt
I am really gobsmacked. I get around £40k a year from my job of over 26 years at the same company. I have no defaults to my name and have never gone overdrawn. I have a mobile phone db to O2 and another one with Smarty for my first son. Where it perhaps gets odd is that I have mortgage I share with my wife but the payments…
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Loan declined - first time ever
Quite puzzled to find that Tesco declined to give me a loan. I did the MSE loan calculator on Monday and it offered me a choice of many 95% guarantee. I applied and rejected. I have had a loan with Tesco before and paid on time every time. Thursday, none of the loan offers were now available. 896 credit score. Homeowner…
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Bank transfer, Credit card, or just borrow from my bank?
I need a new roof, my savings won't cover it all. Like many people my age I've never borrowed before, I bought my house with an inheritance. Assuming that I can borrow from all of the above I have no clue which one to go for, despite reading all of the information I understand precious little of it. What does 0% even mean?…
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PCP ON CAR
Hi I had the above on my previous car and the finance was settled by the dealership I got a letter to say the agreement is now closed and the account is closed . I then got a letter saying I owed 230 on my old car even though gave the car up on 24 of sept Should not have the finance company checked to see if any debt is…
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Car loan
Is it better to clear car finance before selling on any car, motorway etc
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Loans for low credit score
Hi there, looking for advice. I am a single mother and currently not working. I am desperate to learn to drive. I am looking for a loan to be able to do this, however I have a poor credit score. Can anyone recommend where to start? I don't want to trawl through and apply for loads of loans as this will leave hard…
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Fraud
It came to my attention today that scammers have got hold of my name , address, date of birth and email address + phone numbers. Utility supplier alerted me they tried to verbally gain access to my DD details and failed. Then mobile phone provider sent me a text and email to say they had tried to verbally access my account…
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pay with savings or PCP with low apr?
My friend is buying a new car. He has the money to pay it out of his savings and he gets 4.36% interest on that. But he can buy the car for £5300 deposit followed by 47 payments of £319.05. Then a final payment of £15170.59. the interest rate is 2.9%. A total of £35312.94 Which is better? Thanks in advance.
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Loan for saving?
Is this a good or bad idea?on personal loanspage the cheapest loan if I could get it, is 5.6% from AIB (NI) On Saving pageNS&I Bonds is 6.01% for the year, paid monthly. So basiclly, pay the intrest monthly and you make 0.41% free money? Or am I missing something. Cheers
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Bridging loan with no proof of income for an expat
Hey guys, I am seeking a hasty bridging loan due to a buy to let build I invested in nearing completion and lacking the funds to complete the contract. I have an income but I am self-employed with only my own personal accounts so not sure it would be sufficient evidence or not to satisfy their criteria. Therefore, I am…
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MSE Guide: Should I get a loan if I have a bad credit score?
This is the place to discuss our new Should I get a loan if I have a bad credit score? guide. We'd love to hear your thoughts, personal experiences, and general feedback. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Tesco bank loan declined at final check
We applied for top up loan with Tesco bank on 4th September and at
the time of application we met their criteria that 8 consecutive current loan payments had been
made and the loan was approved. We
received the paperwork and this was signed and sent back . In between time the current tesco loan payment
due on 15th…
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Loan for extension
Hi, I want a loan for a house extension. My first thought was the overpayment I made on my mortgage four years ago. It's approx 1/4 of what I need. I called the bank. They told me that I couldn't access this amount as the amount had been applied to the mortgage & monthly payments recalculated. They told me I would need to…
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Tesco loan
Applied for a Tesco loan this morning which it said was approved. I haven't had a confirmation email. Just wondering g if anyone has applied for a Tesco Loan recently and did you get a confirmation email? Also, how quickly did the money come through?
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Advice about Loans for Pensioners
Can anyone help with advice?.... I’m wanting to research any safe and reputable loan
providers for an elderly relative. He is 75 years old, and fully owns his Flat – no mortgage on
it. He has to raise some finance for his contribution of
replacing the roof on the building (the are four Flats in one building) and he
has…
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Cash Poor but Asset Rich
Hi there, I find myself unemployed for longer than expected and have run out of cash. This means that I am behind on payments for my mortgage and other unsecured credit. I have a large amount of equity in my house (about 75% of the value) and if I can access a relatively small amount, then I can get up to date on all my…
