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Debt consolidation query
Hi so I have three debts, loan, credit and credit card. Approx 25k. Martin has advised pick the highest interest rate and pat extra on that one first. So does it make a difference if I pay extra every month or if I save the extra and pay a 3 month saving in bulk every 3 months? I looked for consolidation loans and found…
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If Swift Advances have bought Welcome finance secured loans ?
If Swift Advances have bought Welcome finance secured loans are they responcable if welcome gave me a loan that was iresponsable borrowing (ie) 12k loan to a unemployed person that had a 133000k mortagage already and had to get the secured loan to pay the mortagage on income support paying intrest of 700 and 700 to…
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Unsure whether to consolidate - please advise
Hello everyone, First of all, I can't believe I still remembered my username and password. It's quite a while since I've logged into MSE! Anyway, here are the facts. I currently have three debts I am paying off 1) £5727.54 loan(started at £11k)with Zopa @ 4.8% - I pay £230pm 2) £7568.74 loan(started at £12k in 07/2014)with…
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Morses club claims
Good afternoon, I'm hoping someone knows what actually happened with this scheme. I was told to expect some money in September this year but the scheme has all but disappeared, neither the phone number or portal works. There is a page full of information but I do not understand it, as far as I knew it was all sorted last…
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Fraud please help
Hello! I received a letter last week from Barclays partner finance saying that I had taken out a loan for an apple I phone. I haven't and in fact own nothing from apple. It looks like this is fraud and someone has my details including my bank details. A direct debit was set up. So I cancelled the direct debit, changed…
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HP Car Loan Advice Credit Rating
Sorry. I am struggling to comment on my previous thread and decided to create a new one with the needed extra information: Hello all, long time observer first time poster. In April 2025 I will be one year into a five year Hire Purchase car loan. I will be in negative equity of £3000. My grandparent has gifted me £4000 to…
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Mis-sold finance. Still in shock.
Hello Two years ago, I jointly inherited a house. I took out a relatively small loan of just over half the house value in order to buy out my sister's half and to release a small £ for my business. I was quite happy with the overall cost, bearing in mind it was a secured loan against the property. However, after nearly 8…
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Section 75 claim on a loan: timeframes?
Filed a S75 claim with the loan provider last week (Novuna, prev. known as Hitachi Capital), as the goods/service provided by British Gas were not done as agreed. Novuna were BG's loan company, hence me filing my S75 claim with them for BG not supplying the goods/service as I agreed with them. Q: Is there a maximum…
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Daughter has taken out a Contract Purchase Finance Agreement with BMW
Sadly my 19 year old daughter has taken out a Contract Purchase Agreement with BMW. I have just seen the details! If any one has any insight it would be much appreciated the details are:- Amount of Credit in Feb 2024 was £14000 Her statement is now Feb 2025 nearly £18,500 She is making the agreed monthly payments of £205.…
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Heliodor loan increase by £200 a month
Hello - first time poster... In 2007 I bought a house and had a loan for 25k secured on it for renovation work. Mortgage and Loan both from Northern Rock/NRAM/Heliodor/Topaz whatever they are called this week. When I moved house in 2019 I had to take the loan with me. It increased from around £114 a month to £330+ per…
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Refused Loan
I have applied for an interest free loan. My application was refused by Barclays. When I contacted the relevant department the service agent was unable (or perhaps unwilling?) to give me the reason for refusal. He said it was NOT age related. Am I not entitled to know the reason for refusal?
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House renovation loan
Hi all. I have a question regarding getting a loan to help out with my mother's house renovation. I have lived in the UK for 10 years and my mother lives back home in Poland. I am just wondering if the bank could lend me money if I do not own the house myself and the house is abroad. Has anyone ever been in a similar…
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Comparethemarket gave me a wrong loan amount and interest
Hi, I wonder if anyone else has had this situation - When using Compare the Market they gave me a loan amount and I took up that loan, I have received a letter stating there was a technical fault with the website and they didn't display the preferable amount and rate at the time. They have offered to pay me a lump sum for…
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Firstplus / Elderbridge
Hello I am looking to reach out to anyone that "had" or still 'has" a Firstplus now Elderbridge loan agreement , that was affected by the alleged fixing of interest that took place in the past .Please let me know what action , (if any) you decided to take and how the lender reacted ?
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Faulty Caravan - Finance Company Ignoring Ombudsman
Hoping someone can help with the below nightmare I am having which just seems to be getting worse. Background: In Summer 2023, I bought a caravan from a dealer. I used this caravan a few times before the end of the season, and parked it up for the winter. It was purchased from a dealer I believed to be reputable, with a…
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Car finance
I have 10 months to pay on a car loan but the engine has blown. Can I hand the car back?
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Bridging finance lender responsibility
Hi All, Hoping someone knowledgeable can help me here. I am helping out some friends who secured 12-month bridging finance over a barn (single bed dwelling) next to their home. They have been in financial difficulty for nearly ten years now and the loan was to buy them some time to get their property sold. The property…
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Returned item.
I purchased a new cooker from very and from day 1 it's not worked as intended the main oven fan in operative, had 2 engineers come to repair but to no avail, I have been paying for it monthly and some interest on it, it has been returned as not fit for purpose or intended.. I was wondering if I'm entitled to interest…
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Loan overpayment help
Hi there, inexperienced borrow here, looking for some help or advice (and please not criticism). In a bit of a bind, I took out a loan with Loans2go at an eye wateringly high level of interest. The loan sum was £1500 over 24 months, with a repayment amount of £4848. It was (and still is) my intention to pay this loan off…
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Loan Rates
I am looking to take out a loan, first time for me, for some home improvements. I have a excellent credit rating but don't utilize my credit cards or use my overdraft. My bank are offering me £5000 at a rate of 9.6% is this a good rate? This is over three years, although I hope to pay it off within 12 months. Zopa were…
