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Sold a caravan - turned out not to be the one on the paperwork, Finance Company won't refund
Hello everyone, I shall try to cut a long story short. I am trying to help out my friend with the following situation and have hit a brick wall. She and her husband bought a caravan with the help of finance from a bank's motor finance company back in May 2018, from a caravan retailer. In March this year they wanted rid and…
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Loan in Late Status and repaying
Hi All, I took out a loan in the summer of 2017, made a few payments then stopped. In October 2017 I wrote to the loans company explaining my situation and asking what can be done so as to do as little damage to my credit file. No response. Eventually by Christmas they discussed it with me and kept emailing me for income…
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Am I liable to pay if a loan company has sent me an e mail confirming my account is settled.
I had a pay day loan with a huge apr (I know this was a silly decision but I was desperate). Last month I got a bonus from work and used part of it to pay off the loan to save money in the long run. I called up the company and paid £300 (the original loan was £200 and had already paid 2 instalments of £58). I asked for an…
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Car HP with CCJ
Hi Guys Just wondering if anyone has and experience/comments on the following: Looking to get a second hand car and use some savings and the rest on HP. My credit score is not fantastic (low fair) and I have a CCJ from a year or so ago. The deposit is likely to be approximately 50% of the vehicle cost. I am wondering if…
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H&T loan payments
I have an outstanding loan debt with H&T pawnbrokers. I want to make a payment but would prefer not to phone as their call centre staff are an absolute nightmare! Is it possible to make a payment by bank transfer? Does anyone have the details?
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Very old loan - better to settle?
Hi all my first post here! I have a very old loan (it must be at least 12 years old, probably more like 15) that’s been chugging away on a very low minimum payment for eons. I am looking to pay off all my credit so that I can apply for a mortgage. So I am wondering, is it a good idea to settle my loan? Will settlement…
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First Loan Application and Self Employed
I want to apply for my first loan. I have been reading the posts in the Loan forum. I was surprised to read that the lenders don't take your credit score into account. I want to borrow £6,000.00. The only money I owe is £2,100.00 on my credit card which is 0% interest for the next 12 months as I did a balance transfer. I…
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Cancelling a loan and getting another one?
I have been approved for a loan that is being used to pay for a solar install. Since applying for the loan, I’ve developed some reservations about the company, so have decided not to proceed at this time. I know I can cancel the loan within 14 days (currently on day 3), but it may be that when I find a new install company…
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Short Term Loan needed as moving home…no success!
Hi, I'm currently living in a large property that we can barely afford with my husband that was made redundant two years ago due to Covid, i work part time. We are in the lucky position of owing £1000 in total on a property worth £500,000. We are in the process of buying a smaller property in another county and my husband…
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Good credit score but still being turned down
Hi folks, Just trying to secure a loan to pay off an overdraft and a higher % small loan, but getting turned down. Was looking to take £12,000 over 7 years, the slightly strange thing is it was coming up as having a 95% acceptance using this sites search but still not going through. I'm guessing not but is there anyway you…
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Person loan large amount £
Hello, I cannot seem to get a £35000 personal loan . Any advice I want to console all my debts other than my mortgage? Thank You
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Mortgage offer and need loan
I’m due to move into a new property in 3 weeks and need to apply for a loan to pay for things like carpets etc. I am worried about applying through my bank although would prefer this as wondering if I get turned down or not will it effect my mortgage coming through. My bank don’t do a soft search. I tried ringing them and…
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Interest Free Loan Closed but Not
We took out an interest free loan for a year and paid it back well over a month before the expiry of the interest free period. Fortunately we kept the initial agreement letter (with clear statement of the repayment date) and the letter informing us of the closure of the loan due to early repayment. Because a month after…
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Loan vs credit card
Hi, I have a £3000 (remaining) loan at 7.9% which puts circa £20 per month back on in interest. I have a somewhat empty 0% credit card with a £7500 credit limit. Can I pay off a loan with a credit card? Theyre the same bank if that makes a difference. Is this a good idea assuming I can pay it back within the 0% period? Are…
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What steps does one need to take to enforce a personal guarantee over a defaulting borrower?
I loaned thousands of pounds to a UK business, a Limited Company, a few years ago in the form of a loan note (also known as mini-bond). To protect my investment, as well as a legal charge on the business, I got a Personal Guarantee from the Director. He has considerable assets, worth many millions of pounds (verified in…
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Interest Free Credit
I would like to purchase some furniture from John Lewis amounting to £4000. Does anyone know how credit allowance is calculated for John Lewis? I would like to know what my annual income needs to be to purchase items for a specific amount, preferably over 24 months which I think I need to spend 2000 to acquire. I would…
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Grandparent tax free loan to pay off mortgage
My grandad wants to pay off my remaining mortgage with a lump sum of 75k but then I pay him back tax free monthly for 10 years to repay the loan, if he passes before this he wants the remaining loan balance to be written off, how do we document this, are there any tax implications
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How can I get £5000? Plenty of assets but low income
Ok, I am living abroad on the £750 pm rental income from letting my home. House is mortgage free and I have £40,000 savings that I cannot access without paying tax on what I withdraw. I need approx £5000 to buy land here but after a soft search cannot get accepted for any loans. My overdraft facility is £5000 but I am…
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Why are online loan websites taking me round in circles?
I've been attempting to apply for a small loan and everytime it says I'm accepted, I'm redirected to another website offering this loan. When I choose to accept the loan from that company it again takes me to another website with yet another list of possible lenders. It's frustrating. Why is this happening?
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Equity Release
My parents are aged 85 and 90 and still living
in their own home. Dad has heart
problems and as expected for a 90 year old has intermittent other acute health
problems. Mum is physically fairly fit
but has recently been diagnosed with Alzheimer’s. They live in a lovely house and would really
like to end their days there.…
