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Numerous Loans taken by Inexperienced Idiot - Advice Appreciated
Hi Folks, I feel a bit of a fraud coming on here because I
haven't used this site in years. I'll give you the background of the whole sorry
story, but essentially I'm looking for some help and guidance please. In 2019 my mum passed away suddenly. I lived at
home with her and was pretty much used to paying keep each month…
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Tesco Loan
Hello,. I was thinking to apply for Tesco Loan,. One of the questions comes up is total credit card debt and total credit limit, I have large credit limits,. I think total card limit is around 70k. Will that that affect on my application? Thanks
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Private Loan
Me and my then husband had a joint mortgage. His Dad paid off the remainder around £114k and the agreement was to pay him £660pm for 15 years interest free. This term was also the same if we were to continue with our mortgage at the time. No official paperwork was drawn up or signed. His Dad sent monies to his Son's sole…
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CCA breach - covid repayment break
Does anyone have any experience if reclaiming interest because of a Consumer Credit Act breach because of a loan repayment break? my loan provider didn’t show interest during the repayment period on the statement. They also didn’t send any arrears notices.
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Bank of Ireland loan
Hi, recently bought my house and needs abit more work than expected, BOI have offered me 11.9% on 10,000 borrowed over 8 years. I’m no money guru and just wondering if you guys think this is a good deal or I should shop around. This is after I have applied due to I seen them offering 3.1% apr (representative)
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Two in five borrow to pay off buy now, pay later debt
More than half of 18 to 34-year-olds are borrowing money to help pay off their buy now, pay later debt (BNPL), according to research from charity Citizens Advice. If you're struggling to pay what you owe, we've things to try to see if they help. Read the full story: 'Two in five borrow from credit cards, overdrafts or…
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High interest 10k loan. What can I do?
Hey all, long story short I took out a 10k loan around 4 years ago for a period of 5 years. initally when I took out the loan, the interest was around 3%. Unfortunately I thought I didn’t need it anymore so ended up paying the loan back within the cancellation period. turns out I was wrong, I did need the money. Went to…
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NVL Leasing
Hi, Just wondering if anyone has gone through NVL Leasing, seems like a new company.
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Barclays unfair (credit score from 900 to 160) - HELP!
Hey :) Hope you're all really well. A few years ago I got a personal loan out with Barclays. It's the only time I've ever borrowed. It was to give me a runway while I started my business, and to pay for my wedding. After making 18 months of repayments (always on time) I was having a really bad couple of months financially.…
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Car Lease
I am not sure this is the correct section but here goes… So currently I lease a Alfa Romeo Giulia for £425 a month and have 17 months left on a 4 year lease. I initially got this due to a new job but with covid, I lost said job and no longer travel more than 5-10 miles each way every day. Due to this and the very low mpg…
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Novuna Personal Finance
I recently signed a credit agreement for a new kitchen from B&Q. Delivery expected 2nd August with installation booked for a couple of weeks later. The credit agreement stated first payment will be taken one month following the date of the agreement or, if later, the date of supply of the goods/services. They have already…
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Family member loan
Hello! My dad has very kindly offered to lend a family member some money (less than £1,500) Is there any paperwork he can give to be signed to say that the loan was given and the repayment terns? Would it be binding? (Ie, if they don't repay and dad goes through small claims would it be sufficient) It's not a huge amount,…
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First time buyer
Good morning, I am looking for some advice please. Thank you
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Approx how much to set up a charge on a house, IE loan to children/family.
My sister has been telling me about loaning around 100 to 15ok cash to her son who is married and has a property. The mortgage was about 350k taken out about 4 years ago and the fix comes to an end in about 10/11 months. The property value is approx 650k (I've done my own research and I think that is a conservative figure.…
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Loan and Invest?
I have some money from the proceeds of a house sale and I was going to buy a motorhome and then invest the rest. I’ve found a motorhome now, but I don’t know whether I should use my money or get a loan and invest my money instead. I’ve been told that now is the time to get a loan with the low rates, but the benefits, if…
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Loan via Deferred Payment Scheme re Care Act
I'm not sure if this is the right section to post this, but.... I'm just wondering if anyone has, or knows someone who has, applied for a loan via the Deferred Payment Scheme, which is an aspect of the Care Act, and been refused or even just had their application knocked back at the start. Basically, you can borrow money…
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Locating a borrower and claiming the debt.
I lend a friend several thousand pounds nearly six years ago via bank transfer. He promised to repay me a specific amount per month. I have the bank records and the text messages as evidence. He repaid me one payment then skipped town. I've recently found out via social media that he's back in town but I don't have his…
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Payslip/Bank Statement Loans
It seems all loans do some sort of credit check on you (even though they may advertise that it is a 'no credit check loan') Are there any loans/payday advances where you send across documentation of payslips/p45/p60's over performing a credit check? It seems all the ones showing to me perform credit checks. I remember…
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Overpay Debt or Increase Pension Contribution
I have a personal loan with an outstanding balance of £27500, 45 months left, £718/mth, which is manageable at the current time. If I overpay £100 a month I save £39 in interest, according to the banks’ loan calculator. I am guessing that is over the term of the loan. I am 58 this year so looking closer at my pension pot,…
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Irresponsible lending
Not sure if this fall under irresponsible lending or not so wanted to get some opinion's… I applied for a £25,000 to consolidate loans. I was pre-approved for this through credit karma. Anyway, long story short I ended up applying for it twice and ended up with £45,000 in my bank about 24 or so hours later. No proof of…
