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High interes loan
We took out a 2nd loan against the house many years ago. The losn amount was 50000 and it was at 12% interest. We know it was not agood decision but we were poorly advised and were kind of desperate at the time. We have a few years to go and it is 500 per month which is a real strain on our monies. The interest rate has…
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PCP with apparent low income
In the past I have
purchased cars with cash and run them for several years. I am now
retired and looking to move to an EV car. I intend to purchase
using a PCP. My thinking is that the technology continues to evolve
and I do not know what the residual value of EV is, so I can to some
extent protect myself from those…
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Personal Loan to Buy Land?
Hi, Im a first time user to the website but need some advice. Im looking to buy about 2 acres of land to put my daughters horse on. Can I use a personal loan to purchase the land?
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Ombudsman case
Hi, recently won an affordability complaint against a company called TM Advances via the ombudsman. They were told to get in contact with me within 28 days to arrange compensation and also to remove any negative credit report from my file. Its now gone over that timeframe and the ombudsman service just keep telling me to…
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Bounce back loan over charged
Hi there I'm new to the forum,I took a 10k bounce back loan for my company as I couldn't claim any thing from the government grants that was offered at the time and due to the pandemic and my company being ltd.Ive been paying the monthly charges by direct debit no problem not missed a payment but my payment that Barclays…
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Confused about loans
Hello, I have a question about small loans. Earlier last year, I took out a small (<£1,500) interest-bearing loan with PayPal. Later the same year, I bought an item online, on which a deal of interest free credit from PayPal was being offered, so I went ahead. As these were separate transactions, I expected them to be…
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I need advice, going to ask for my first loan
Hi, I am going to ask for a loan for the first time. It is for personal reasons and not to buy a house. Soon I will move to a different address (I have been at current one for 3 years +). Could this affect my chances to get a loan? What would be the best thing to do?
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Loan settlement vs large overpayment.
I've been approved for a lloyds personal loan for a car at 3.9%. We will probably be a in position to settle the loan within a few months of taking it due to some business money coming through but it could take longer. Settling early would incur a charge of 58 days interest added onto the balance. There doesn't seem to be…
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Alphera - PCP - Making additional payments
Hi all, I hope you can help Alphera agents are not at all helpful. I have a PCP deal with Alphera. I am wanting to reduce my monthly outgoings. I want to pay approx 75% of the total outstanding monthly payments (I have paid 12 payments with 36 remaining - its 75% of the 36 months I want to pay). I expected the 75% to…
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Home improvement loan
What is the best option to take a home improvement loan other than extending the mortgage given increasing interest rates March 2022
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Erudio Student Loans
Hi All, I need you help and advice. I have an old style mortgage student loan, 1997, that was passed on to Erudio Student Loans to administer. I've never met the earnings threshold to start paying the loan back so every year I'd send in proof of my earnings to get an annual deferral. All ran smoothly and easily until…
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Erudio Loan end of term
Hi Does anyone have experience of their loan term coming to an end with Erudio. My 25years is due to elapse in Oct 2022. I have just deferred for what I hope is the final time and my deferment is valid until May 2023. Do you need to do anything at the end of the 25yrs? Proof of income again or anything or is it just…
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Admiral Loans missing text message..
Hi mser's f.y.a. Seems Admiral Loans have a fault pending with Sky and 02 mobile networks. Log in text not received, so I'm unable to log into Account. Network providers to provide a solution whenever, thanks
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Irresponsible Lending - Hitachi (now Novuna)
Hi. My father in law has recently come to my partner and I for help regarding his credit, and has really opened up about the affordability of his commitments; we knew he’d committed to some credit and offered assistance, but we didn’t understand the circumstances fully. One particular credit, a loan from Hitachi, is…
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Tesco Loan 2.8%
Not an advert or a question, just letting people know as it could be beneficial. I have a personal loan with Nationwide with approximately £21,500 left to repay with 69 months remaining at 7.9% APR. Been paying it for just over a year so far. I have been getting targeted adverts recently from Tesco Bank for loans starting…
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Going directly vs using mortgage advisor
I am a first-time home buyer and my current 2-year fixed rate deal ends at the end of May 2022. My current loan is with Halifax and I have contacted Halifax directly to provide an illustration. I also contacted 3 independent mortgage advising services (brokers). Halifax gives me 2.22% for a 5 year fixed rate, which I find…
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Car loan (PCP) - additional credit checks
We applied for a car loan back in December when we ordered a car. The finance company did a hard credit search, approved the loan and sent us all the documentation etc. Is it likely they will do another search when the car is ready (in a month or so).
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not a traditional loan but turned down for a lease car
My partner has worked for the same business for 10 years and had a company car, but is now moving to a car allowance and is looking to take a personal lease agreement, but has been turned down today. The only bill he pays is his mobile phone bill. He is registered at our address ie on the electoral register, bank account…
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Loan companies not listening....
Hi there, I'm after some advice is possible. I have a loan about to end which is around £600 remaining @ ~£280 / month(Sainsbury). I also have a VW Finance Lease which is ending this month for which I need to pay a bubble of ~£ 14000 (@£379.99 / month currently) So - I've gone to Sainsburys after they send us a letter…
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What type of things to lenders look for on applications?
Looking for a personal loan for house renovation. We are doing most of the work using our spare money but need to replace the kitchen so looking to take out a personal loan to cover this (we have thought long and hard and feel this is the best solution for us) We bought the house in December 2021 - FTB and have been…
