-
Does paypal pay in 3, or instalment payment option show up on credit file?
hello I need to use credit to pay for a training course that costs £1000. I have the money to pay for it outright. But I am on universal credit and currently looking to move houses so a £1000 expense would drop my income quite low for that month - I want to show as much stability as possible. So I am trying to pay in…
-
New car finance
Hi, I ordered a new car last year and it should arrive at the dealership next week. I was wondering if it’s possible to change the deal as they have now offer 0% finance whereas when I went it was 5%. I did sign a couple of documents but can’t find them. Thanks
-
MSE News: Klarna to start charging fees if you miss a payment – here's what you need to know
Buy now, pay later provider Klarna will start charging borrowers who miss repayments fees of up to £5 from 16 March. Read the full story: 'Klarna to start charging fees if you miss a payment – here's what you need to know' If you haven’t already, join the forum to reply.
-
£15k Loan - Joint or Single Application?
Need £15k for a car. Sainbury's bank seem to be the cheapest and we have a nectar card to get their best rate. Should we apply as a single person or joint? The nectar card is in my name. My credit rating has taken a bit of a hit as our mortgage was changed in August last year and new mobile contract in September so it's…
-
Tesco loan - incompetence
Had a Tesco Loan which due to bereavement I didn't use. I returned the capital along with a letter giving notice within the fourteen-day cooling-off period. However Tesco do not appear to have accepted this cancelletion and are chasing for payment of an installment. I have written to them three times but they have simple…
-
Old loans
Hi, My wife has recently been contacted by Cabot Financial over a loan from Lloyds TSB, she believes that I relates to a loan taken out 20 years ago, this is the first correspondence she has had, she has not responded, as we believe this loan repayment is not enforcible due to the 6 year rule, what should she do ?
-
Confused by Volkswagen PCP agreement
I'm in the process of buying a new car with a 7.9% PCP from VW Financial Services and I'm a bit confused by the draft agreement I've been given: Title says "Hire Purchase": The top line of the draft agreement is titled, "Hire Purchase Agreement ...", but it's a PCP. The payment structure is a series of monthly payments…
-
First response car finance Voluntary Termination
Hi I have 2 cars on finance both with first response. I can no longer afford to run both. If I return one of them (29 months into a 61 month agreement) the book price of the car is within the settlement figure range will that affect the finance of the other vehicle? Also how would I go about at VT.
-
Hi there need some assistance with my very account and argos card account
Hi guys, hopefully can get the right answers here. So i currently have a very.com account with a outstanding balance of £3087.93, these are all individual BNPL plans none of them have expired yet. I also have a Argos card balance too. with all them being BNPL plans again none have currently expired. Am I able to ring up…
-
loan or credit card
I need to borrow £10k in a couple of months to pay off house move costs, I have a fixed isa which matures in May. If I cash the ISA early it will cost me £500. A £10k loan over 1 year will cost £261. Would it be better to borrow the £10k , take out a credit card and put £10k on it or cash the ISA early?
-
Withdrawing from PCP, or early settlement?
DW recently ordered a new car via PCP to secure a manfacturers deposit contribution. The car has now arrived and we intend to end the PCP once the vehicle is collected. My recollection is you can either withdraw from the finance by "giving notice" witin 14 days and only incur interest charges, or settle the finance anytime…
-
Does it make more sense to pay off student loan or overpay on mortgage?
I was hoping someone could help with the maths on this one. I was wondering which I am better off doing, paying off my student loan in full or overpaying on my mortgage? Currently securing a 227.5k mortgage at 4.39% on a house, hopefully moving in in the next 12 or so weeks. I also have a plan 2 student loan of £7025,…
-
Best way to borrow £40k?
I bought a house in May 22 with the view of doing much needed remedial/building work on it ASAP. At that time, the mortgage was happy to loan me an additional £60k when the work was ready to begin. Quotes done, builder appointed, planning granted...all took their time. Mortgage company are now only going to lend me an…
-
Car finance help!
I bought a car on hp less than two years ago. Its been nothing but a money drain! Within the first three months of having the car, it broke down with a system failure and was without the car for a couple months while it got fixed. Then last year it needed a new clutch and now it's broken down again and I've been advised it…
-
Balance same as settlement figure
I've just paid off 4 loans early and saved myself a lot of money as, obviously the settlement figures were much lower than what I would have paid if I'd let the loans run. These latter figures were also the balances. Bamboo however have told me, with 26 payments left to run, the settlement figure and balance is the same.…
-
Best Way to Finance New Kitchen?
Hi. We are looking to get a new kitchen and our preferred retailer doesn't offer 0% finance. We have a bit of cash available which will cover things like a new boiler etc., but will need to borrow to cover the kitchen and install. I would imagine we will look to borrow around £10k. What is the best/cheapest way to finance…
-
Worth borrowing more than you need for a cheaper interest rate?
Hi All An MSE Newbie here. I'm looking to borrow £5,000 for much needed decking replacement. All the interest rates for borrowing this amount are astronomical and I need cash to pay the gardener (they don't accept credit card). I've found a loan offered by RateSetter offering 4.8% interest if £15,000 is borrowed for a…
-
Everyday loans settlement figure
Hi, Hoping for some advise re a loan settlement figure. I took a loan out at the end of Dec with Everyday Loans for £8000. My credit rating is not so good and needed the funds at the time so went ahead though I knew the interest was very high. Luckily my financial position has changed and I am able to pay of the loan. The…
-
Large disparity in loan rates
After getting the MSE credit score email I saw I had an 80% chance of a £14k Bank of Ireland loan at 5.1%. But when I did a soft search with my own bank TSB it gave a less enticing 26.9%! Why the disparity? I feel like the latter score is probably more accurate since I’m not a home owner and am registered self employed.…
-
Worth trying to refinance a loan?
13 months ago i applied for a joint loan online with Tesco bank. I recall the rate agreed when I applied online was pretty good. However when the paperwork came through the rate was higher. When I queried this they said that there was an error on my online application I had mistakenly put mr for me not mrs and therefore…
