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Buyback Services, i.e Cash Converters
Hi all! Just a very quick question that is hopefully answerable. Does anyone know if the 28 buyback service shops like cash converters offer is classified as a loan or a sale? Would they have to pay VAT on the premium they put on top of your "borrowed" amount? Kind regards, James a newbie.
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Loan to be called on
Hi, I'm after some advice, I am after a loan for ~£70k for studying but I am after the ability to "call on" money from the loan slowly when required over a period of 18 months, ideally to reduce the amount of interest I pay. Does anyone know of a lender or what I should look for to find it?
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Vehicle finance overpayments and early settlement
Do all vehicle finance/HP products have the same rules regarding overpayments and early settlements? I want to buy on finance over 36 months then overpay at double the monthly rate, then pay balance at around 1 year possibly less. No one offering the finance can give me a solid answer on how payments work.
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Loan taken out for someone else
Hi there a family member who cannot get any type of credit has has their parents to take a loan out for them. this has been completed and the funds have been transferred from the parents account into their bank account. They are making monthly payments to their parents which cover the costs…I guess it’s seen as a local…
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Loan Company trying to change Interest rates
Hi All. Hoping someone could give me some advice please, I’ve tried searching and cannot really find an answer. My partner recently applied for a loan and they sent documents through with an interest rate of 0.16 %. She signed these documents and returned (she only told me about the rate afterward ls) but now they’ve…
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Restriction on my home for a debt owed by late brother who died 13 years ago
My brother died in September 2010. Without my knowledge he had taken out an unsecured loan with Sainsburys Bank in 2005. I 2007 I added him to the mortgage which had been in my name only. The debt was sold on in 2008 Marlin and then again in 2014 to MCE Portfolios Ltd , which is owned by Cabot Financial. My mortgage had…
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Zopa Loan - Mortgage
Last year I took out a Zopa Loan for £14,000 over 5 years but 6 months after I settled it early. Are Zopa Loans classed as sub-prime? I also took out HP on a car for 5 years which I am still paying back. I want to apply for a mortgage soon, will the loan and HP on my credit files have a negative part in a mortgage company…
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Welcome finance / mortgage charge
Took out a secure loan 2007 repaid 2010 Now trying to sell property and Welcome have never remov3d rhe security charge against the property with the Scottish land registry Our conveyancer says they can di nothing about this and refer me to another solicitor at a cost of £2400 to apply to court to remove this has anyone had…
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Getting in touch with Target - Help to Buy
I received a quarterly statement email on Saturday (1st July) stating that I am in arrears with Target. I have a direct debit with Target, which they have been taking a monthly maintenance fee for 5 years. I have missed no payments, and they have failed to take my direct debit. The issue I am facing, is I simply CANNOT get…
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Front Loaded Loan Overpayments
I recently made an overpayment on my loan with First Direct. I thought I would see the value of the overpayment and an additional interest saving come off my loan balance but this wasn't the case. I contacted first direct and was told that as the loan is front loaded I will only pay off the loan with less payments and not…
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Santander shorten term?
Hi, i have a £13k loan with Santander over 60 months. I want to pay this off quicker will they let me change it to 36 months or 48 months? thanks
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Amigo loan scheme claim rejected
Hi I complained to the amigo loan scheme that my loan was unaffordable. It has now been rejected by the scheme. Is there anything I can do or is that the end of it and I have to accept this? This is what they have said When reviewing your claim, we have reviewed the above, and taken a range of factors into consideration
to…
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Moneybarn Finance
I have arranged a monthly DD Payment Plan for the outstanding balance on a van that was an Insurance write off will they be able to still charge interest on the remaining outstanding balance I was seven months into a 48 month loan when the van was written off the account has never been in default and no payments missed. is…
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15 year old debt questions.
Please firstly let me apologise if I have posted to the wrong section I am new to this forum. To cut a long story short I took out a loan for a previous partner a few years ago (idiot I know) just under £2000 was owed. This partner left not long after and left me in a bit of a mess. I did pay almost £6000 of joint debts we…
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Can I use a personal loan and cash to buy a house outright
I currently have enough money saved up to buy a house outright. But there is a house about £15,000 above my budget. Is there any reason I can’t get a personal loan for that amount and use that with my cash to buy a house outright.
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PayPal Credit Bank Account Access
Hi Everyone, I'm new here and would like some advice on something I came across this morning. I have Paypal credit which I had previously paid off but needed to use it again to purchase something for my son. The purchase went through ok and I intent to pay the balance in 4 monthly payments to avoid interest. When I check…
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Faulty Car on HP
Hi in April 2022 I bought a Vauxhall Astra from evans Halshaw, 1 previous owner and first registered January 2020 with 7000 miles on the clock. In October of 2022 I had problems getting the car into first gear and took it to Evans Halshaw who diagnosed the car and said it needed a new engine which was covered under…
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HP Car finance question
So at the moment I'm working full time. I'm 26 and I earn £3640 a month after tax driving heavy machinery in demolition. I pay £400 rent while living at home with parents. I am looking for a new car. Long story short I had a credit card out years ago and I never paid it which resulted it been a default. I wasn't aware when…
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Comparing PCP APR to cash in the bank interest rate
Hello New car being delivered shortly to dealer, who will be chasing me soon no doubt to sort out the paperwork. I have to take out PCP to get the manufacturer's contribution. I know I can take out the PCP and then settle immediately with cash in full, but the current rates of APR on offer is 2.9%. Considering that bank…
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Loan to purchase business vehicle for sole trader?
Hi, Am 5 months away from the end of a 5 year PCP on my London black cab. I am strongly considering paying the balloon payment (22k) and purchasing a 3 year extended warranty (3k) - therefor am looking for a 25k loan over 3 years. I am 56/married/9 yrs into 23 yr joint mortgage fixed for next 18 months/decent credit…
