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Irresponsible lending
I set up a basic bank account with BoS some years ago. I have episodes where I don't control my spending too well, but as I work full time I don't have a support worker etc. I saw a banner on my phone banking offering me an overdraft, I knew it was a bad idea. But I cannot control it. I took out money, and drank it till…
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Voluntary termination
I have recently voluntary terminated my car loan agreement as it was too expensive and couldn’t keep up with the payments. Not once did the company tell me I would need to pay back £8000 - £388 a month when I was paying £400 for the car. I now have given the car back and they have sent me a letter to say I would need to…
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AA loan process - help!
First post here and very confused. I applied for a loan with the AA and the website stated that an application made online usually results in an instant decision online. This seemed to be supported by the contents of the webpage which loaded once I made my application. I printed this off and it states “your application has…
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Applications
Hello, I applied for a low interest loan and was accepted however it wasn’t a guaranteed rate and it more than trebled with the approval. I am not going to accept, however My plan was to use this loan to pay off an existing home improvements finance with a high interest 8.9%. When is it safe to apply for another one as I’m…
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Student loan paid , refund query
I took out a few student loans around 30 years ago ... All loans have been paid off because of late deferment payments .. i.e i had to pay back x amount each year because i was late in applying for a deferment because my income was below the threshold . All my loan is paid off , .. but i have realised my income each was…
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my jar redress
has anyone else recieved their redress payment. i had an email saying i was entitled. i provided my bank details. i recieved nothing. i have emailed them to ask what’s happening of which they told me payment was made on the 18th july. i keep getting the same email over and over stating it has been paid. the phone line is…
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Secured loan being written off
I've received a letter this morning from Everyday Loans regarding a loan we took out in 2007. When we enquired, we were told not to worry about me not starting a new job in a few days and my wife being paid £250 per month as a salary but earning £2000-5000 as commission. The firm my wife worked for went bust and we ended…
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Catalogue debt
Hi my dad passed away in June and had a studio catalogue with a balance of £1000. He had no assets apart from about £4000 left in his bank when he died which was obviously used to pay for the funeral , I informed studio of his death and told them there is no estate etc they then replied saying its been sent to debt…
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Personal loan for self employed paying dividends
Hi Is there anywhere that will provide a loan for self employed people that pay themselves dividends. Most lenders wont lend.
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Compliant to Bank Over Lack of Affordability Consideration In Loan Agreement Process
I have previously complained to a high-street bank about the lack of an affordability consideration in the loan they offer process I went through in early January 2019. Immediately after the agreement, I struggled to service the monthly repayments and subsequently I had seek a debt solution programme through a well known…
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Unsecured loan
Good Morning MSE colleagues, Happy Monday! I appreciate this might've been covered but I was not able to find such thread. I'm struggling to find out how much I can borrow via unsecured loan. My situation is as follows: 1) I currently live in UK. 2) I make approx 90-100k per year. 3) No mortrages, no CC etc, I basically…
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Student finance-Income vs Outgoings
Apologies but I cant find my other post. Basically I asked why my daughter was getting such a low maintenance loan ( £ 1800 for the whole year ) even though the total income for my wife and I is under £40k. It turns out my wife company car takes the income up to nearly £57k due to the company car allowance Obviously I dont…
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Car Finance for Business
I'm a self-employed freelance chauffeur. I currently rent my vehicle and have been doing so for a couple of years. I would now like to buy my own vehicle, the cost of which is around £40,000 approved used from Mercedes. I would need to get the car on finance. I haven't checked my eligibility with Mercedes but I assume due…
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Thesis servicing student loan from 1997
Hi all I have a mortgage style student loan with Thesis servicing. Last year I paid off three loans with erudio with the last loan taken out in 2001. The thesis loan is around 2k and I think will be written off in 2026 i.e 25 years after my 2001 loan. Anyway I'm looking at a statement from last year and it says 'duration…
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Loan to a friend
Would really appreciate some advice... After researching all the potential problems that can arise from loaning money to a friend, I decided to loan money to a friend to open a shop. She never asked for the money but having seen her entrepreneurial spirit and how she had set up her own catering business with little…
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Secured Loan Advice
Hi We are looking to obtain a secured loan to pay off all of our cards and loans etc. We applied 3 months ago, but as our only income was benefits based, we were rejected all times due to the affordability checks. Since then I have gained employment and have been working for 10 weeks now, on a full time permanent basis.…
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Best way to borrow 50 to 60K
Hi all, New to posting but long time lurker. I'm hoping to do an extension to my 2 bedroom property to add another 2 bedrooms and make a lovely kitchen family room.I've been quoted 120K minimum for the work. I have 65K saved and I'm trying to get as close as I can to 120K through borrowing. My current house value is…
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Credit card tarting or just a big cheap loan??
I have quite a big credit card bill that I am managing OK with it. I am tarting every time the 0% transfer ends. For various reasons it would be better for me to whack it all on a cheap loan. Rather than get into whether this is a good idea or not, I am interested to know what you all think about how much extra it would…
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Northridge Finance Settlement request issue
Is anyone else having an issue retrieving Northridge Finance settlements via the online customer toolkit portal? Normally once you’ve logged in with your Agreement number, DOB and bank account number you can request instant settlement figure as PDF and change payment date / address. The settlement button can be pressed,…
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Tesco loan - response with more info?
Hey everyone. Got accepted for a joint tesco bank loan yesterday but the second page had this on- ‘Three working days for offer documents. Sign and return all pages, and any other documents we request’ the first page said accepted and confirmed the rate and amounts. Does this mean when the paperwork arrives they may want…
