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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,…
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LOAN OPTIONS
Hello - looking for some advice on loans re the current financial situation in the UK. We currently have a 7000 loan with five years left (repaying 120 a month). We are getting married next year and looks like we need to borrow 20,000 for everything covered. We are anxious about taking a loan out now and then struggling…
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11 year old CCJ. No Payments Missed. Creditor demanding Review
Hi. After not missing a payment on a CCJ for 11 years, the creditor's solicitor is demanding a review in order to pay it off quicker. I cannot afford to pay more and the balance is still very high. I have ADHD and find long forms difficult. They are saying that if I do not fill in a I&E form and return it by Aug 11, they…
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Outstanding balance lower than settlement figure
Hi all, I’m more of a lurker on here but wonder if anyone can help with this query. i took out a loan over 4 years with New Day in March 2020 of £6000 at 17.95% APR which has since been transferred to Asset Link Capital. Last month I asked for my settlement figure and here is the info I was given verbally and confirmed via…
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Is there such a loan available?
I quit my job to travel 4 years ago but it looks like my funds wont last until I get my pension in 2 years time. My pension is in a SIPP and is worth approx £1million. I need around £20,000 to see me through the next two years. Obviously I will easily be able to pay off a loan once I get my pension. Does anyone know if…
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Personal Loan for a car - offered rate 6.5 times the advertised rate?
Hi, So I have been eyeing to buy a new car and wanted to go down the personal loan route. The sum I have in mind is 20k over 5 years. I am a software engineer with decent salary and not too many expenses (no dependants, mortgage in place for less than 600 a month, have no debts or credit card bills (in fact, the mortgage…
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Drydensfairfax demanding a financial review despite court agreement
Those lovely people at Drydens Fairfax have sent a letter stating "It is important that we contact you regularly to understand whether there have been any changes in your personal situation and review your repayment arrangement" along with their own 5 page "Standard Financial Statement" for me to complete and return within…
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Trying to consolidate 3 loans
Hi, I currently have 3 loans, business loan with about £5,000 left at 6% (business is now closed) a personal loan with around £6,000 left at 3% & the last one is £2,000 at 26% I have tried to apply for a larger loan, hoping to get the 3% interest rate but no luck. Is there a way to get the 3% rate or another way to lower…
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Drydensfairfax/Student Loan ccj - help please!
I returned to UK a year ago from (9 years) overseas and have recently received letters from Drydensfairfax demanding full payment of my student loan. I had student loans with SLC from 1993-1996. When I finished my studies I deferred my payments until I moved overseas in 2012. As the threshold was different if you lived…
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How long does it take to improve Loan Affordability?
Hi everyone, I have taken out many credits between early 2020 and April 2022, from high street bank personal loans to payday loans, with APR from 5% to an insane percentage. But I didn't miss any payments. With the help of family, I paid off most of them this May. My annual income before tax is £40,000. Currently, I have…
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Loan options for £60,000
I am wondering if it would be possible for me to take out a loan in a few months time for home improvements costing £60,000 (loft conversion, move bathroom upstairs, kitchen, garden etc). The mortgage is £396,000 and our deposit was £80,000 (total house cost £475,000). We don’t have any further equity. Our joint income is…
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Payday Loan and FOS
Hi all, I've taken out several payday loans in the last 2 years, and recently I filed complaints to all of them using the tools on MSE website. Two of them offered compensation (Mr Lender and Fernovo), but the rest issued final decision saying that won't upload the complaint. Therefore I escalated the cases to FOS. After 2…
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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…
