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Pre-selected mean sweet FA!
Just been awarded higher rate mobility for PIP. Rather than use my award to get a car I'll never own, I decided to apply for a loan after seeing "You have been pre-selected for a loan of £45000" Applied for £10000 and didn't get it. Do I have any comeback against my bank?
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Secured Loan - Black Horse secured loan sold to IDEM Servicing
Hi folks Looking for some advice on how to deal with IDEM Servicing - had a secure loan with Blackhorse who sold the debt to IDEM and am now owing 4 times what the original loan was for. I've had issues paying the debt but tried to ask for a settlement figure to be told they don't do that - I need to repay the entire…
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Loan eligibility
Hi, I did a loan eligibility search via the MSE calculator and there were 2 that said 100% eligible for an 18k loan (pre approved) one with Zopa and the other with Admiral. I earn just over 46k (plus up to 2k in bonuses and odd bit of overtime, which I didn't include) but for various reasons I owe 18k on credit cards which…
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Split Tariff Contract on Mobile Phone AKA Unsecured Loan
I entered a Split Tariff contract with O2 in January 2021 and consequently the cost of the handset shows as an 'unsecured loan' on my credit report. I am looking to buy a house sometime in 2022. Will it improve my position in terms of credit score/chances of a better mortgage agreement if I pay it off in full prior to…
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Should I ask to have a loan removed from my file if it was missold?
Hi, I had some success claiming from high interest Bamboo loans I had a couple of years ago. They agreed to repay the interest on a number of loans I had with them. I did pay these loans on time, and in full so I haven’t asked for them to remove any traces of the loans from my credit file. Is this the right move? I’m not…
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Repaying loan arrears
Good morning! As with many folks I had to take a payment break on my car finance repayments during covid as I had lost my job. This led to several months of arrears building up, about £1000 total arrears. These arrears now need to be paid but I cannot afford to pay them just now, I can still manage the usual monthly loan…
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The end of an Interest Only mortgage?
Hello Here is my situation; - 60 years old - £200k interest only mortgage (Santander) - expires in 4 years - Home worth approx £400k - No endowment to cover So I was wondering if I did absolutely nothing at the end of the mortgage term, would Santander move to repossess the property immediately? Given my age and earnings I…
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Charge on property - no account number (Endeavour Personal Finance / HSBC)
I am currently selling a property which I own my ex-husband and the title deeds have shown up a second charge on the property for HSBC. Following some digging I have been told the original charge was placed by Endeavour Personal Finance in 2007 (Endeavour went bust several years ago and HSBC took on their loans according…
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Missed Payment Rights
In April last year I took a covid payment break from my mini financial monthly loan. At the time they told me to cancel my direct debit. Following a 3 month break they wrote to me and said my monthly payments would be reinstated and I took the option to add the payment break payments at the end of my agreement. Since then…
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Merged: Hoist financial
This discussion has been merged.
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To Helidoor and back
Hoping somebody has some advice before we finally call them. The synopsis is: We had an unsecured loan with Northern Rock on top of a mortgage. 110%. Used it for the deposit, etc We sold the flat 7 years ago but couldn't afford to buy again as prices spiked. Paid off the mortgage but kept a bit of equity (in hindsight,…
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No one will give me a loan
My credit score is pretty good 750/1000 on clearscore and I've not missed a payment for anything in 4 years but the bank want allow me to borrow any more money on my existing loan, I only got 5 months left on my loan, I also checked on clearscore for loans and no one wants to lend me nothing. I did take money out on my cc…
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Borrowing extra when remortgaging good or bad idea?
Hi, current pandemic situation aside is it it generally a good idea to borrow a large sum of money when you remortgage? As in, my house was bought for £350k, mortgage owed is down to £300k now and house is worth £425k so I have a decent amount of equity and want to borrow say £50k to pay off a few cards and do some work on…
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Bounce-Back loan
Hello. My son had a good business which was ruined by the COVID situation. He took out a personal (his company was not Limited) loan from HSBC of £50,000 when he had hopes of resurrecting his business. Now the bank are demanding his loan be repaid, or they will make him a personal bankrupt. He has only just started a new…
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Medical Loan or Personal Loan
Hi all, new to the forum so please forgive me for any mistakes! I'm currently looking at private surgery for something which I can not get on the NHS. The cost of my surgery is £7800, and I have £2800 saved for it. But will need to secure a £5000 loan for the rest. I have spoken to the hospital providing this surgery, and…
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Avoid Motonovo If You Value Your Credit Worthiness
Yet again this company has screwed my credit file - my payment was 3 days late which I fully accept was my own fault for not checking whilst working away but the payment did go through 3 days later - did this company report it as a late NO reported as a missed payment even though they had taken payment, then take the next…
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Better rate on a recent loan
I took out a Santander loan in July at a rate of 14.9%, the best offer available at the time for me. Since then my credit situation has greatly improved and when I checked the mse eligibility tool it offered a 100% eligibility rate and guaranteed rate of 8.2% with Admiral on a quote for loan consolidation. This would…
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APR calculation
2017 Had a loan of £8000 from our Community Bank.... very low APR (6.7%) Monthly payment £190, interest around £30. 2019 Refinanced with a further £2500 Recently discovered that out of my £204 monthly payment, I am paying on average £130 to £140 in interest!! Can't get satisfactory answers from the Community Bank. But can…
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Applying for a loan immediately after home purchase completion
Hi everyone. Today is my completion day for my home purchase. I wanted to find out if I can immediately apply for a loan. I need a car and I have been waiting to complete the house purchase. If I was to apply for a loan day today or tomorrow would this affect my mortgage or my chances of getting a loan. Thanks in advance!
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Over 78,000 QuickQuid borrowers expected to receive payouts after being mis-sold loans
Around 78,500 QuickQuid and Pounds to Pocket borrowers, who were mis-sold loans they couldn't afford, are expected to receive refunds of some of the interest and fees they were charged. But they'll only get back up to half of what they paid - and some will receive less than a third... Read the full story: Over 78,000…
