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Loans

Discuss all types of personal loan. Remember MSE's stance on loans: 'borrow as little as possible, repay as quickly as possible'.

Is this a scam?
Hello. I’m a newb just looking into the forum after hearing/reading lots of positive feedback and needing some guidance on behalf my geriatric parents. Who many years ago did an equity release. All good and done and dusted with the loan paid back after a downsize (again years ago). Fast forward to yesterday when my poor…
Cancelled credit agreement for warranty
Hi, I recently cancelled a credit agreement for a car warranty I had. I was making the payments via a 3rd party agency (let’s name them Peter) to an extended warranty company (let’s name them Toby) I (partially unintentionally) cancelled my credit agreement with Peter after making 10/12 payments. They then said I no longer…
Audi Q4 eTron Sensor Issue - Who is at fault?
I bought a Q4 ETron from Audi Brighton on PCP and car did not have front sensor. Dealership retrofitted it for me before purchase. All was well for 1.5 yr till a software error came in car and I had to take it to my nearest dealership (Reading Audi). Car is still in warranty so Reading Audi started a series of software…
Mortgage applications
Hi there going through mortgage application all going well have been asked to clear some small outstanding debts and 1 M&S loan of £9,900. the others are fine all cleared and sorted. can anybody help me please if I am going through a morgage application I have deposit £14,000 fine but need to pay the £9,900 off. can my…
Fixed interest
I posted a reply to a thread on this section and a reply to my reply suggested I am misunderstood when it comes to fixed interest. I've attached a screenshot of my account. You can see in the transaction history that "Fixed Interest" was added when the loan was taken out. Please could you guys help me understand what to…
Barclays Partner Finance iPhone hassle
I have recently had a very unsatisfactory experience while attempting to buy a new iPhone in store from Apple using Barclays Partner Finance. My situation led to me making two applications for finance, the first being accepted, and the second declined. Having dropped and smashed my iPhone, rather than pursue a lengthy…
Personal loan to buy a canal boat
Hi, I am looking for some advice. I have just completed my Masters and got a job lined up starting end of February. I am relocating and looking to buy a canal boat to live on so need a loan of £50,000 to do so. My bank does not do personal loans. Any bank / building society I have contacted cannot offer me a loan until I…
Loan Settlement Question
I'm looking to settle a loan with Admiral, whats the best way to go about this to reduce the amount of interest I am paying. For context the loan amount is £11,685 the settlement figure is £10,432 this includes an 58 day interest charge of £137. 2 questions: 1. Is there a smarter way to pay off this loan than using the…
Paypal payment in 3? Don't be fooled!
Hi, I was trying to purchased VR for my son through Argos. There is a choice how do you pay for it. Card, Paypal payment in 3 (interest free), Apple Pay. I have decided that I would like to split payments in 3 because is over £500 and interest free. I have Paypal account for years with £3600 Paypal credit limit that I…
Due to pay off PCP this year, but mileage significantly lower than agreement?
Our PCP agreement was taken out on a mileage of 10,000 miles per year as we were unsure of commuting days when we started, however we're now in the fourth year and due to pay off in about 5 months and we haven't even done 10,000 miles in total over the 4 year period. We intend to keep the car at the end of the agreement My…
Finance Dispute
Hi, I took out finance for a carpet last year with Tapi Carpets. There were many issues from the get go but to cut a long story short, when placing the order the carpet was in the warehouse within a few days, it was only when i chase it 12 weeks later that they claimed it has been in and they emailed me confirmation which…
Car finance (option to purchase)
Hi, first time posting sorry if it’s long winded. in August I had a car on finance and needed rid of it and chose to part ex. I used trade centre… wish I hadn’t but it was desperate times. My grandfather was on end of life care at home, I was helping to care for him but I’m also a mum. I was taking my children to school…
Repaying loan early
Hi and happy new year to all. We have an unsecured personal loan with around 4 years left to pay. Recently came into a small sum which would enable us to pay this off in full. Is it right that we should leave a small amount on there to avoid early repayment charges? And if so, presumably there’s a minimum you have to pay…
PCP refused as won’t use Open Banking
Hi, BMW finance has turned wife down as she won’t give permission for Open Banking. document says use link to sign up or provide last three bank statements, which we have done. response has come back as there is not an affordable issue but an identity one. We’ve offered to supply any information they require but this is…
Can I apply for two loans at once?
Would applying for two loans at the same time, in case one of them doesn't accept me, affect my credit score and chance of being offered one of them? I've checked my eligibility and have a good chance of being accepted, and have a very good credit score. Also I'd like the option of choosing between two interest rates if…
Personal loan in someones name.
Can a dealership take out a personal loan in somoenes name through vehicle finance to cover negative equity in a vehicle trade in deal without advising there is a personal loan.
Provident Claim Portal
I have been gong through the Provident Claim Portal to try and claim back some money for my Mum. I received an email today which says 'Your estimated Total Compensation Value is: £144.66 to £217.00. This is calculated as £3616.59 x 4 to 6 pence in the pound = £144.66 to £217.00. This seems a very small amount. Also there…
Dualogi fixed sum sold to NCO Europe - early settlement
My fixed sum loan agreement with Dualogi was sold to NCO Europe. The loan agreement is up to date with no missed payments. I requested an early settlement from NCO and they have given me an amount but have said that this will show as a "partial settlement" on my credit report. Is this something they can do? It's not as if…
Paying loans when off sick
Is there a template letter/email available, to send to creditors to ask for a 'grace' period when off sick (following an operation) for a few weeks?
Unemployed loan with Santander
I just applied for a loan online with Santander I’m unemployed but on disability benefits and have good credit history. Will I be accepted? Or do all banks refuse on unemployment?? any one had any luck?

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MSE News

Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.
Don't get your passport by post – 360,000 paid more than needed last year
If your passport is due for renewal, apply online if you can – it'll save you £12.50. More than 7 million Brits did just that last year – but over 360,000 missed out on savings by using a paper form instead, MoneySavingExpert.com can reveal.
Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.

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Loans

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