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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…
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Loan interest rates - why still so low?
I’ve recently taken out a £15000 loan for home improvements. The interest rate is 2.8%. The last time I took out a similar-sized loan, Bank of England interest rates were near zero, and the rate of that loan (the best rate at the time recommended by Martin Lewis’s site) was exactly the same - 2.8%! Mortgage rates seem to…
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Credit card amount on loan
Hey, when appplying for a loan - do we put the figure on our credit card as per the latest credit report or the amount on the credit card at the moment as that’s higher? Thanks
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Can you get a loan with credit card debt?
If all payments have always been made on credit cards and mortgage etc. is it still possible to get approved for a loan if you have credit card debt? Thanks
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Should I get a signed letter/contract for lending £3k to a colleague?
Does anyone know of the correct structure and contents to produce a letter for a loan I am making to a colleague i do trust them but this is just as a security in the event of us falling out or for any other reason that may jeopardise thei repayment It will be fo r.£3k so can't afford to risk i was told by someone in the…
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Is it worth paying off my plan 2 student loan loan with some of my mortgage overpayment?
Have 15k saved, was going to pay off some of my mortgage but now thinking is it wise to pay of my plan 2 loan? I owe 10k, earn around 50k and have ended up paying the maximum interest every year for the last 2/3. I am thinking the extra 170 a month would come in handy and the mortgage interest rate of 3% is going to be…
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Is it good idea to pay back University Tuition Fees ?
I just had completed my University course and graduated. My student loan comprises Tuition fees for three years. £9250.00 x 3 = 27750.00 My outstanding balance as of today is £29717.31. I have a job offer of £31000.00 /annum and intend to start in September 2022. With the predicted rise of CPI by the end of this year,…
