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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…
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Everyday loans SOA email received today is it scam ?
Hi I RECIEVED a text containing a reference number pertaining to my old and paid in full loans …worried it’s a scam …any advice
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Elderbridge Loan
Hi guys, wondering if anyone could help? I took out a loan in 2007, for £41,975 which included Ppi (which I have subsequently claimed back!) however I have just called Elderbridge for. Redemption figure and they have advice I still owe over £18k some 16 years later !! The loan was originally first plus, I was very naive…
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Loan refused no explanation
I've been with HBOS for 40 years and in this time had my mortgage, which has been paid off for years now, and several other loans at different times and always repaid as expected. I was looking for a car loan and clicked on the apply for loans part of the online banking and was instantly refused without even asking for any…
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Consolidating Debts & Buying a New/Used Car
Hi, So over the past few years, my partner and I have accrued almost £12k in debt across overdrafts and credit cards due to life circumstances, buying a house and the unforeseen problems that come with that. I have never missed a payment, however due to the mortgage being relatively new and an issue with the electoral roll…
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Escape HTB loan using a different loan to cap future house price increase (already at £32k increase)
Our house price has currently risen by £32k in 2 and a half years meaning our HTB loan amount has gone from £30k to £35k. We are looking to try and escape the HTB scheme by considering a personal loan to pay off the HTB loan and cap any future rising costs and stop the goal posts from moving. We worked out that we would…
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Loan for extension
We need approx £35-40k to finance extension- have around £105k already from equity when we moved and savings, as the plan was to take into account work needed when we moved. Having spoken to our mortgage provider it looks like it would cost us more in interest to get it through them than a personal loan so have been…
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Morses club refund
Hi I’ve had 40 loans with morses club over the last 10 years, I currently have a claim ongoing with resolver to claim back interest and charges, has anyone been successful doing this? Thanks
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Natwest Unsecured Loan - Something very odd
HI All, I took out an unsecured loan for £35,000 back in Oct 2019, with a reasonable interest rate. What I find odd, is the way the loan is managed. Any other loan I've had, or currently have, have the total shown of amount borrowed + interest, and shows your monthly payments so you can see what is left to pay to the…
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Current 'Prove it' letter template
Hi all, I can see a link from 2021 to a 'prove it' debt letter template - can anyone provide a link please for the most current 'prove it' debt letter template? I am struggling to know what to put in the letter. I need to ask for proof of a debt as I have recently discovered a CCJ (2019) for a student loan debt (the…
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Lloyds TSB Personal Loan from 2004
First post so go easy on me 😁. In 2004 i stupidly took out a Personal loan with Lloyds TSB together with ppi for 25k. I paid £350ish a month. We bought our first home in 2005 & within 6 months of moving in i was made redundant, Also my Girlfriend (now wife) a few months after that. So within less than 12 months we both had…
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Loans2go what a joke
In my absolute vulnerable moment in 2022 January (just after Christmas) to pay my council tax to avoid bailiffs I took out a loan with this company £400 Im shocked to be still paying this company £82.22 per month and so far I have paid them £1,479 and still owe them £164.44. I have written to them with my concerns of how…
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Scary Interest Rate
Just seen an advert on TV for an instant loan company with an advertised interest rate APR of 99.9%. Thought I had miss-heard so went back and played it again and sure enough it really is 99.9%.Is that even legal?
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Specialist Motor Finance
Oh boy these guys... So I was lucky enough to be able to shift the outstanding balance of my car finance on to a 0% credit card (even the follow on rate is lower than the APR I had on the loan). Obtained a settlement figure, paid the dues, and had the agent tell me I've overpaid. She confirmed this with a colleague who…
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Will having interest free payment plans in place affect me getting a personal loan?
Good morning forumites. I am in the midst of renovating my flat and looking into interest free payment plans for new kitchen, bathroom and living room furniture (all with different suppliers). I have a budget but of course if I can spread the cost over a longer time frame it would be very helpful. Not really done many…
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Additional borrowing for debt consolidation.
updated on a new thread
