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Secured loan - could it be the right option?
Hi, I understand the aversion to them but I am looking at all options and will also be doing an soa on the DFW board aswell. I've got £24500 of debt built up over 4 cards. Majority is due to go to interest accruing shortly and whilst I'll manage, I won't really make much headway with the balances. I was looking at a…
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Loan or Sell Shares?
I'm doing Home Improvements and need money fairly pronto. I have a lot of shares but they've heavily depreciated over the years and are at -34% of their original value. If I take a loan out now, I'm looking at a 10% interest rate. Over the term I've plugged in, I'll be paying back an extra £1,500 in interest over 4-5…
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Add to Mortgage or Loan?
I guess there isn't a general rule of thumb with this but wondering what's a better avenue to explore? We want to borrow between £10,000 and £15,000. Mortgage is at 2.6%, £110,000 remaining, £625 a month, 19 years left. We could take out up to £14,000 and either pay £710 a month or add some years. Likely to do the latter.…
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Student finance calculation - nonsense or true ?
Finally after two years !! of back and forth and complaining to the CEO my wife and I finally have the income they used to calculate my daughters student finance. They seem to have got my income correct but my wife's income I just dont understand They say she earned £14k as a part-time sales manager which is correct but…
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Help with Loan
Hi My Wife has an outstanding Loan,which she is having difficulty paying. The current amount of the Loan is around £14000. She has been paying £480 a month for a while now, she hasn’t defaulted on the Loan but is finding it hard to keep the Payments up. She currently works part time on a Zero hour contract so isn’t…
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Tesco Loan
Hi, I am looking to apply for Tesco Loan. One of the question it asks totals credit card limit. I have a very large credit limits on several cards. I wonder if anyone applied with too much available credit and still got accepted with Tesco Loan. The acceptance were showing 80% with there eligibility checker. Thanks MS
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Debt Consolidation Loans
Hi folks!Hopefully you can help.I tried to take out a debt consolidation loan through Santander recently but was rejected due to having too much debt to income. Seems a little silly to me as I was applying to consolidate my debt? Question is, when applying (screenshot attached), where it asks for monthly outgoings, I…
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small business family loan
My daughter has opened a small one person business. I have loaned/given her some money to help start the ball rolling. She is not making very much money and just about ticking over which is fine because it is a lifestyle rather than trying to build an empire. She has bought some equipment with the money that I have given…
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Loan Overpayents - how does it work
Hello, I took out a loan a few months ago, and I knew I was going to be in a position to overpay after a short time. My question, what actually happens with the overpayment? I am aware that most loans have the interest front loaded, so at the start of the loan, the portion of the monthly payment that goes on interest is…
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Loan company asks to access bank account
Top company on a MoneySavingExpert loan search-'Rate Setter' asked to access my personal bank account before they would approve my request. Is this normal these days?? I declined & chose a other loan provider.
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To loan or mortgage
Hi everyone, My wife and I have been in the fortunate position of living loan and mortgage free for over 15yrs now. We are wishing to overhaul our gardens and patios etc. and are also contemplating creating two garden rooms. One for my home hybrid office and the other as a craft room. As we've been out of the loop with…
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Earning from a loan
HiMy son has a week left to decide if he wants a 25k loan over 5 years..at 2.9% he will pay back £1886 in interest...however if he put it in a high interest account at 3.45% he will earn £4699..is this legal? Kevin
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Bridging loan requirements
Hello, I am hoping to obtain a bridging loan however I am a little worried as I received a criminal record for fraud over 8 years ago. This was a one off mistake during a difficult time in my life, which I have learned a harsh lesson from. my question is, as the conviction is now spent and was over 8 years ago. Would I be…
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My Community Bank Loan
Hello everyone, I got a fairly hefty loan from My Community Bank and I pay approx £550/m. I'm now in a position that I can make over payments but I've noticed that the over payments are reducing the term of the loan but are still being split between principle and interest. I phoned them today to ask if my over payments…
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Wedding/Engagement Rings in Pawnbroker Help Needed
My first post. I am new to the forum, hoping I have this in the right place. I am here to help a family member who has been victim to a huge trust fraud online. It's having some pretty far reaching effects on the family and though I work in finance, some of this stuff is very new to me. One of those new things, is Pawn…
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Old Style Student Loans Help Please
Hello, I am wondering if anyone can offer me any advice. I have read through many other posts regarding these loans but i'm still unsure where I stand. I have 3 student loans originally taken out with Student Loans Company in 96,97,98. In 2008 2 of the loans were taken over by Thesis Servicing Ltd. every year deferment…
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Cheap Loan deal - not so much
Just tried to apply for the current best offer for a £15k loan from Finble advertised as 2.7%. Got accepted for the load but the APR is now 8.7%. Has this happened to anyone else? Is this common across other providers?
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Credit union loans
Hi, Can anyone who has ever worked or volunteered in a credit union please explain the way the loan process works and how long it can take to find out the decision? Thanks in advance 😀
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Student Loan, not taking full amount
My daughter has been offered the full maintenance amount but has also had a relative offer to pay the accommodation fees for them as a gift. So they are in the very fortunate position of not needing the full student loan offered. Is there a method of taking a lesser amount from the loan company and is that worth doing ?…
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LoanBNPL Options
Hello All, Long time stalker, first time poster. I want to purchase a lot of home computing items (e.g. two in one laptop and tablet, printer, printer ink, printer paper, speakers etc) over the next few months and the cost could come around to around £800-£1.2k (depending on models etc). My current laptop is too slow and…
