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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?
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Loan Figures not adding up
Afternoon Im probably missing something obvious here, but whilst looking into reducing interest rates of various loans we have, I cant get my head around the repayments on one of them. The statement says: Amount of Credit: £5000 Agreement Date: 25th February 2020 Duration: 52 months Fixed Rate 4.9000% per annum Initial…
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Government funding for a private course/college course
Hi, I work 40/45 hours per week and would like to go back to a private college to do beauty, or a general college to do the same, however I can't afford to fully fund the course myself are they usually are a few grand. Is there any government funding that would help me in paying for the course as I earn less than £20k per…
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Historic debts on long term repayment plans
Hi have a question regarding long-standing historic repayment plans. I would appreciate the advice of the community! Some background - In 2012 loss of a job and huge reduction in income meant that I needed to renegotiate a lot of unsecured debt. At the time the organisations agreed to a small monthly repayment and over…
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Bounce Back Loan - can't pay just yet?
Hi all, I am asking this question on behalf of a friend: 'If I am unable to start repaying the bounce back loan after 12 months due to the operation of my company, what are there options please? I.E their distribution of product comes from Austria and has been having some issues with importing etc & operation of his…
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What are the implications of giving 6k to an indebted family member?
Is it best to do this as a gift or an interest-free loan repayable on demand. Any tax implications I need to be aware of? Any form required to document this for the authorities. Thanks for your help.
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Irresponsible Lending Complaint - Loan
I took out a loan in October which I feel I shouldn’t have been given. It wasn’t affordable and I was approved within minutes of applying. I had £17k os debt on credit cards and was given £12k. I have to pay back £17k including interest. Although I used it to consolidate other debts I now have an outstanding debt of £22k.…
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Pay off loans with credit card
I have three banks loans two at 2.5% and one at 8.8%..I also have a decent credit card which offers no interest on cash withdrawals for 30 months. My question is should I pay off the higher rate loan with the card if that makes sense. Any advice really appreciated.
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Loan to consolidate and get new car, advice
Hi, I’m looking for some advice as needing a new car due to spending out a lot (half the cars worth etc) the past year but also wanting to consolidate some debt (credit cards, overdraft) at the same time. I’ve got about £5000 in debt I wish to consolidate (as I just want to make it easier to manage with one payment) - I’ve…
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My loan repayment is getting me depressed
I was struggling with money at the end of 2019 and ended up taking out an Everyday Loan for £6000. At the time, I just needed to be in a better place and didn't think of the consequences of the repayment I would have to make on the loan. I took the loan out on a 5 year repayment plan at £272 a month. I am now getting…
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I’m being asked to pay my student loan back early
The Student Loans Company are requesting £960 back immediately, rather than being lumped into the other tuition and maintenance loans from my undergraduate degree. When I was in year 1 of my course (2017), my father, who provided most of our household income, lost his job, so I updated my details and, because my household…
