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False loan agreement claim from a liquidator
I have just received a letter from a liquidator saying I owe money (£10,000) in relation to a loan agreement I took out in Sept 2018 with a company that was owned by my sisters, now ex, vindictive boyfriend, who has a reputation for underhand financial activities. I have written back to the liquidator asking for evidence…
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Student finance applications for 2022/23 are now open – here’s how to apply
Applications for student finance loans for the 2022/23 academic year are now open for UK students. Both new students and those returning to university can apply. Read the full story: Student finance applications for 2022/23 are now open – here’s how to apply If you haven’t already, join the forum to reply.
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Blemain Finance/Together
I desperately need to make a complaint against this company about a secured loan taken out in the early 2000’s. This is crippling my family and their charges are so unfair, I just don’t know where to start, please help.
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Old-style student loans (late-90s)
Hello, Pleased to join after some tech glitches! I have a question re: 'old style' student loans taken out in the late-90s. Googling this, you get contradictory info: 'Student debt is not like other debt, as anything remaining after 30 years is wiped. ... The interest charged on the loan could make the difference between…
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Thesis Servicing / SLC
I have a number of pre-1998 student loans. I have always deferred them and for many years, the deferment was straight forward and accepted. A number of years ago, Thesis took over the "servicing" of these loans. it is a sham though. Any deferment goes to SLC who make the decision and the convoluted timescales for letters /…
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First Direct Loan
Hi, I have had a First Direct account for good 25 years now. 15 years ago I took out a loan, when I clicked on the loan section of the online banking it immediately provided me figure pre approved for the loan. Same it had for credit cards and overdrafts. There were no credit check carried out for the loan or credit card I…
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Loan to pay German gift tax
Hello! My wife and I live in the UK, but I was recently gifted part of a flat by an elderly relative in Germany. She is still alive (and living in the flat) but wanted to have this sorted out before her health deteriorates further. Because of the way gift/inheritance tax works in Germany, this makes me subject to paying…
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Need advice about a loan
I have been with the Glasgow credit union for years now as I took out my first loan to buy a car after paying it off I decided to keep my car and take out a loan to invest. The plan was to pay off the rest of the loan in January and reapply for another to invest. stupidly I assumed I would get the loan reguardless because…
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Car leasing ending soon - Low mileage due to COVID
Hi, my 3 year deal is to expire soon and I am left with more than a years worth of mileage (18k annual mileage) in the car. Spoke with finance and they said nothing can be done, so raised a complaint and asked for the Ombudsman. They have come back yesterday with an extension offer of 12 months, monthly payment reduced…
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Bamboo Loan - early repayment shock
I took out a 24 month, £2,000 loan with this company in 2020. The interest was 69.9%, and knowing this I had planned to repay the loan early. Upfront, this company charge the fixed interest to the front of the term, and this £2,000 loan meant I owed a total of just over £3,300. After making my payments for 13 months I had…
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In light of the student loan reforms, will you be rethinking that gap year?
Today the Government announced changes to England's student loan system that will drastically increase costs for attending university. Some key points: * The repayment threshold will be lowered to £25,000 a year. * The length of time over which graduates repay their loans will be increased by 10 years. * These changes will…
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paying back credit after splitting from a partner
My son and his partner have been living together under joint tenancy for nearly 2 years. His partner could not get credit so my son got furniture and other household items in his name. His partner now wants them to go their separate ways. Will my son have to pay this on his own or does his partner have to pay half Thanks
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Ex Welcome now Coast Finance
I had a secured loan with Welcome, No payments made for over 10 yeas, no legal letters, only an annual statement. Coast now own the debt. I wrote to them offering them 50% of the total as full and final payment. I did this because this would be more than what they would get if they sold the property even at top market…
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Student loans - write off date?
Started uni course in 1996 aged 35. Disabled student. Still disabled. Now age 60 and the DCA starting with E (can’t remember the name) has just contacted me re the 1998 student loan. I was told when taking the loan that if it was not paid by the time i was 50 it would be written off. I can’t find my paperwork to confirm…
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Ombudsman
I have complained to the finacial ombudsman and they have ruled against me. Although they have said that I was given a loan that I had no chance of servicing because I complained to late they will not do anything to help me. Surley if the debt is still outstanding they should be able to help.
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Halifax Personal loan application
Appreciate I just need to be patient here, however…. As a joint current account holder at Halifax, I decided to apply for a home improvement loan on Friday evening. I have checked my credit score at Experian/TransUnion which both suggested I have a perfect score and I was pre-approved for the loan on the website. The…
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AA loan
I applied and was accepted for a loan with AA around 2 weeks ago, despite being informed that I had been accepted for the loan I have still not received the funds. has anyone else had this issue?
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Secured loan
Does anyone have any advise around secured loans? I know these should be avoided but it would drastically reduce mine and my partners outgoings for debts by hundreds a month. We are planning on starting a family so with me going mat leave it would mean we couldn’t pay our bills with just one income (I’m 35 this year so I…
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My experience when borrowing for the first time
Technically it was the second time; I first borrowed abut £2,000 some decades back and it was repaid well on time. This time we decided to take out a personal loan to supplement trading in a good car and adding a cash sum. I approached my usual bank First Direct. They advertised loan decisions in three minutes or so. I…
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Loan advice please
Morning all, Bit of advice is possible please. I currently have two loans paying £638 a month. A lot but i can afford to pay it, i'm not struggling One @ £326 a month that runs until October 2023 @ around 12% APR One @ £312 a month that runs until 2026 @ around 9% APR I was looking to reduce the cost and can get a new loan…
