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How accurate are Totally Money's pre-approved statements of offer etc
Hello everyone: Had a discussion on here some time ago (late last year) about a Barclays unsecured loan which I used to consolidate an old credit card debt. I am pleased to say that I have been paying this to term and do not have any other debt/created any more debt as in lesson learned. I do have a PayPal credit account…
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Loan offer
Hi, after checking on MSE site for loan compatibility I applied for a loan with M&S bank at 2.9% which the site (MSE)said I had a 95% chance of getting (loan amount 10k). I was immediately accepted but with an APR of 5.9%! My credit score is rated excellent . The loan is to pay off a buy now pay later loan that is due to…
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Withdrawing from university in the first term - repayment of tuition loan (25%)
Hi For various reasons I quit university in the first term. I’d started the course late and felt I’d missed too much work to be able to catch up . I actually only attended 1 lecture before realising things weren’t going to work out. Having withdrawn in the first term I am liable for 25% of the annual tuition fees -…
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Lending company loan calculations...
Hi there, using the MSE loan calculator £10125.00 loan over 5 years at 6% is £195.00 per month. When inquiring at high street loan companies they quote a figure of £219.00 per month for the same amount over 5 years at 6% When I point out that a fixed rate of 6% should be £195.00 per month they say, thats the figure their…
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Should I pay more on my SLC loan?
Hi all, I'm 30 years old in a fairly good job. Assuming a 5% payrise each year, my student loan with SLC from a 4 year undergrad course will be paid off in 10 years By making additional voluntary monthly payments at an initial £50, then also rising by 5% each year, it'll be paid off in 8 years. By doing the same with an…
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Student Loan
I haven't been living in UK for the past 3 years due to parents working abroad so have been rejected to student loan. I remember seeing something from this website about father working abroad and still can apply for student loan. Can someone give me guidance please. Thanks
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PCP financed car had two engine replacements
my PCP financed Range Rover Sport had two engine replacements and spent 6 months at the dealership can I claim anything from the finance company. When I was sold the car I was told to put a lower mileage than I suggested by the salesman. He stated that there were no second hand Sports on the lot that were under the £33,000…
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Personal Loan
I applied for a personal load through my Bank- which was refused, no explanation. I appealed and also contacted all he credit/loan companies at the same time, and my credit rating is good. After receiving the response to my appeal, it had mentioned that the bank didn't think it was in my interest for the loan to be…
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Lifetime mortgage interest charged from death of insured to sale of property
With an added complication, 5 months after my mother’s death, of the selling agent, in my view, trying to gazump the market by £20,000 up to £260,000 at the height of the price boom in February 2008. The eventual buyer in April 2009, at what seemed to be the bottom of the fall, gazundered, when signing the contract, by a…
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Consolidation loan… good idea or bad idea??
Hi all! :) I’m brand spanking new here so hope I’m doing this right… I’m hoping I could get some advice. Myself and my partner are hoping to purchase a Shared Ownership property this year, and will therefore need to apply for a mortgage. We are unsure as to when this will be yet as we haven’t found the right property. I do…
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Calculating monthly payments please help
Hi Im not sure if this is the right place to ask. I have some catalogue accounts but they have not been very helpful when I have asked them. Some of the items on the accounts were purchased by a family member, I have been trying to work out their monthly payments with the interest added, but Im finding it very difficult.…
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Why Can't I get a home improvement loan?
I am currently renovating a barn which has a value of around £650,000. I do not have a mortgage, or any loans or any dependents. me an my partner are both self employed. I earn £27,000 per year. We live at the barn address which was only created by the council last year, so the address is only 6 months old I am looking to…
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118 118 Money fraud
I have just had the same as some previously with 118 Loans, where someone has done a soft credit search for affordability for a loan application when I haven't even applied for a loan.. Tried to contact them press to speak to someone in their fraud department only to be told there was no agents available to speak to so…
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Change/cancel car finance loan
Hi, I purchased a used car (approx £12,000) and will be collecting it shortly, the dealership applied for finance (also putting down a £3500 deposit) and its come back with a fixed sum loan agreement at 10.9%apr. I’ve since done a personal comparison on here and have 95% chance of a personal loan for the same amount for…
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Ikano Loan
I am looking to see if anybody has had an issue with Ikano Bank. I wanted to pay off a loan by a deadline of 22/1/22,which would mean I would not be liable for any interest, as it was interest free for 12 months. Three weeks before the due date,i sent a cheque for the full amount of £4777 and thought that was the end of…
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Student loan - overpaying vs not?
Hi there Apologies if this is on the wrong board but I have been browsing online for some info on whether or not it’s worth overpaying on my student loan repayments. Does anyone have any insight into this? I know the debt gets wiped off after 30 years however I’m conscious I might end up repaying a whole lot more than I…
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Unsecured Loan from the days of Northern Rock!
Hi all, I have an unsecured loan of approx £25000 which is the result of a Northern Rock 125% mortgage back in 2008. The interest rate has just gone up to 9.6%. I would desperately like to consolidate this £25k debt. Does anyone have any ideas of the best way to get rid of it? I don't really have any extra income that I…
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The Money Shop Scheme FAILURE
I received an email last year telling me I was owed a redress from the The Money Shop and had to log into and register on the scheme which I did, and was told I would be contacted once a figure had been finalised. I then received an email on 12th January to tell me the amount I would get and the figures provided did not…
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Claiming overpaid student loan
Hi One of my kids earns 20K, so £1666 per month. In April will get 2K bonus , which will put them over the monthy threshold of £2083 but not the annual threshold of £25K. Looks like they will have around £142 automatically deducted for loan repayment that cannot be claimed back until April 2023 , is this correct ? How do…
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help to buy disaster
Is anyone in negative equity having bought a property using the help to buy scheme?
