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Which PCP deal is best
Hi, We’re looking to purchase a new car via PCP and the dealer are offering 2 different deals. Deal 1: £3500 deposit followed by 47 monthly payments of £321 and an optional balloon payment of £14,746. This is based on an APR of 6.4% Option 2: £3590 deposit followed by 23 monthly payments of £334 and an optional balloon…
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PCP Finance Settled Incorrectly
I have had a car finance agreement for 4 years. I ordered a new car in 2021, which is still not ready, so recently completed the second 12 month extension until my new car is ready. Yesterday I received a letter stating ‘your agreement has now been settled’ and ‘we no longer hold a financial interest’ in the vehicle. today…
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The most important criteria for lenders?
What's the most important criteria that lenders look at when judging eligibility? Is it employment status (full,PT,self, etc.), income threshold, home ownership? This question was inspired by my current inability to get any kind of loan from anyone... according to the loan checker on this website. I'm a self-employed sole…
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Bankruptcy. Car loan for car registered in daughters name
I may be forced into bankruptcy shortly and hope someone can help please. I took out a car loan for my daughter who was a student at the time about 18 months ago. The car is registered in her name and I do not drive it at all. Can the bankruptcy official seize her car. What can I do? She is now working and has been paying…
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First Direct Loan early repayment interest refund
This is just a quick message for anyone who has used (or is planning to use) the early repayment option for a First Direct loan. The way it works is you call and are given an early repayment figure, which is valid for 28 days. This includes one month interest (early repayment charge) plus 28 days interest (because the…
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which loan to pay first
Hi i am in a position to over pay on my loans and was wondering which is best to pay as they are over different periods and rates. Unsure of which of loans 1 to 3 i should attempt to clear 1st or just spread payments equally. Happy to keep loan 4 to end of the 5 years due to interest amount. Loan 1: Lloyds was 25k over 5…
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Car finance nightmare
In February 2016 I bought a motorcycle for £4600 with a payment plan over 5 years totalling about £6000 over 5 years. After three months owning the motorcycle, it was stolen from my home. The insurance company actually valued the bike at more than I paid for it due to the accessories that were on the bike when it was…
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Loan to clear a mortgage
Hi. I've a BTL mortgage, where the fixed rate has just ended and I will move onto 4.34% above base. On 230k my repayments will shoot up from £370 to £1500. I am starting to clear down the capital and should be able to reduce my loan to 20k. I still don't want to be repaying this against my current product (4.34+base). Are…
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Loan without paperwork
Hi, Is there any companies who offer loans without paperwork being sent to your house? Like whole process online
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Lloyds Bounce Back Loan
I took a bbl of 10k when it all started, I have a small business at the time, only director, limited company. Late last year I tried to dissolve the business as I'm no longer trading. The only debt was the bbl. I contacted the bank to inform them that the company had no money, I had no money. Due to brexit, covid, ill…
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Car finance just to get s75 protection
Good morning,Looking at buying a used car, however the dealership don't accept credit cards. I was hoping to pay a small amount on the credit card, and the rest debit card.They do however offer finance through Blue Motor Finance.If I was to take out HP finance and then pay it off shortly after, I would be covered for s75?…
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Klarna cashback refunds due from MADE.COM
I have purchased 4 chairs totalling £949.00 with a three payment instalment. I have made two payments of £316.33 = 632.66 paid. As the company went into administration and the chairs were in production, I did not get the items delivered. So I have been fighting with Klarna to give me back my refund since October 2023. The…
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Financing real-estate purchase — multiple personal loans — simultaneous application
I would like to buy a piece of real-estate worth around £40-50k I have some savings but I need to play the financial game right to be able to afford it, as well as maintain liquidity to afford basic refurbishment. The personal unsecured loan (at around 5% APR) appears much better than the bridging loan which is typically…
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Lloyds bank loan
whilst applying to borrow £35k should I say I pay the full mortgage or should I tell a little lie and say I pay a percentage with my partner?
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HMRC time to pay vs personal loan
Hi! I’m struggling to afford my income tax bill. Would I be better off using the HMRC’s time to pay service or take out a personal loan at roughly 6.9% interest?
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Old Help to Buy Equity Loan vs current one
Hi all, So I have the original Help to buy Equity Loan (I bought my property in 2020). I have a couple years left on it before I start interest and was just curious and looking into it (forgotten the rates). I understand that there was a new Help to Buy scheme introduced, 2021-2023 scheme. And looking at the differences,…
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Second charge registered
Good morning. I had a second charge registered against my property in 2008 in favour of Egg Finance. I'm trying to sell but cannot get a settlement/ redemption figure. The debt has been sold several times and is now with Cabot but they cannot locate the account. I'm now in danger of losing my buyer. I understsnd that the…
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Overpaying on loans
Hi, i have 2 identical loans over the same term and at the same rate. One is for £80k and the other is for £30k. They were taken out at the same time. Is there any benefit in overpaying on a particular one or is there no advantage gained, can the overpayment be split equally?
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Lloyds loan calculator - how long to process?
So I checked on Lloyds online loan calculator for £35,000 over 5 years and it said highly likey. If I went ahead with this, how long roughly doe sit take for Lloyds to process this loan? I remember a few years ago and asked for £3000 and got it the same day...
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Charge on property question
Hello Asking for a family member There business like many has had to endure hard times. They bought a pub just before covid and got into big debt because of covid and no income etc along the other they bought just before that. They had a 600k personal loan against their home that is worth in the region of 2.77 to 3 mill. A…
