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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…
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0% balance transfer card
Hi guys I new too this. Just wanted to know what is best way of transferring my loan on a card which is 0% so I could pay it if quicker. Thanks in advance.
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Loan: Pay off in full loophole? (no pay early settlement fee)
Hi. Had a good search but couldn't find an answer to this. Maybe someone can help. I am trying to pay of a loan and it seems (unless I'm missing something) I can avoid the early settlement fees/interest) by making a large additional payment and leaving one month payment as a balance. Then the term reduces to one month and…
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Lending £50k to a person I know, is there any legal template in place?
---------------Update 2022/02/09 ----------------------------------------------------------------------------------------------------Hi everyone, thanks for the advices. Now I decided not to lend any money to my friend as there is no way of protection as much as a licensed approved lender. Even a licensed lender might have…
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Student loans plan1
Student loan was taken out in 1999, when does it get written off?
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How to claim against Amigo
Hi all, I got in to difficulty some years ago with pay day loans and thought getting a larger load to consolidate was the way to help, this sadly wasn’t the answer. I took out a loan with Amigo, my partner being the guarantor. We fell behind payments and entered a DMP. I’ve always wanted to try and claim as I felt I should…
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Do not have 3 year UK address and Credit history : How to get a loan?
I am Indian and have lived in the UK for the last 6 months.I am now looking at getting a loan of about £3000 for a car but it looks like you need at least 3 year of UK address and credit history to be eligible? Does anyone know of any lenders who can help me in this case. Thank you in advance.
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Comparison sites states 95% approval but rejected
Hi... I was just wondering if you any one can explain why on a comparison site states 95% chance of approval but my loan was rejected. We are looking for a personal loan for house improvements. We have only just moved in to the property (Dec) so I am wondering if this could be the issue. Can some one advise whether I…
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Credit cards - Loans and Remortgage
Hi, Apologies if I've posted this in the wrong forum or if a similar topic has been covered by I could do with some advice with regards to Loans and Credit Cards. Before lockdown V1 took place we remortgaged our property to add an extension with a 2 year fixed. During this period we purchased some materials on credit cards…
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Three months of payslips
Are there any loan companies that don’t require proof of income with payslips?
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Moved: Mortgage and School Fees
This discussion has been moved.
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Energy "loan" from the Government
This is a copy of an email that I sent to The Treasury, I posted a copy of the wording on Twitter and it's getting a very good response. I wonder if Martin would do a feature on his Show, as I feel that the legality of this needs to be brought into question. I feel that the Government should follow the French and impose a…
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Car loan quote different to terms offered
Hi I applied for a (PCP-style) loan using a car finance broker online. I filled in a form on their site and was emailed a quotation from a sales representative with terms I had discussed on the phone with them, with stated repayment amount and representative APR that I was asked to accept electronically which I then did.…
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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
