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Hire purchase cancel within 14 days
Hi, I cannot find simple answer if hire purchase loan can be cancelled? i took it yesterday (in person) and was told to pick the car on Monday. i paid some deposit and the rest will be on collection. however I now decided that I no longer want this car as it’s too much per month to pay. is the 14 cooling period applicable…
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Newday Aqua Loan closed direct debit cancelled
Hi I'm just wondering if this has happened to anyone else? My newday loan (and my husbands) have both been closed with a zero balance (according to experian and clearscore) and the direct debits cancelled (by newday) Before I call them, just wondered if there was some known issue? Thanks in advance
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How can I pay off this loan? Can't contact the bank.
I urgently need to pay off the balance of a small loan, but I am unable to make contact with the bank concerned as they are apparently very busy and can't answer phone queries. I pay the loan off on a monthly direct debit via my own bank. Is there any way that I can pay this money ( only a few hundred pounds) into the…
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Home Improvement Loans
Considering our options to fund refitting a new kitchen, garage conversion and utility room (~£30k of work). Both my wife and I have excellent credit scores + low short term debt. As we can't wait 2 years to save such funds we will utilise 0% card(s) for appliances and options for the remainder include: - Home Improvement…
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Should I get a loan to buy a car?
hi, looking at buying a new car and need to put 12k towards it, I get an allowance from work for £500 per month so this would pay a bank loan I can get over 2years or should I use savings this would still leave me with a 6 month emergency fund, no other loans and mortgage free. If you can let me know your thoughts. Thanks
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Car finance funds transfer timescale
Hi all, I have had a car finance approved with Lloyds on Saturday and immediately got an email with finance documents confirming everything, it also said that funds will be transferred to a car dealer direct within 2-4 hours and that funds will be with them on the same day. However, we are well into Sunday and car dealer…
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Student Loan Arrears
Hello all. I have arrears of around £350 on my student loan account from when I worked abroad a few years ago. I wasn't paying anything at first and then when they tracked me down they backdated it. I returned home and it has appeared on my account ever since but they've never chased me for it other than making me aware I…
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Mortgage style student loan
My mortgage style student loan is due to be wiped after 25 years in October 2021. If I have started repaying it before then, will the balance of what is owed in October be wiped at that time or will repayments have to continue until the loan is repaid as they had already started?
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QUICK QUID DEBT
During the year of 2016/2017 I took out a quick quid payday loan (it was that long ago i cannot remember the amount in just know it wasnt a large amount) when it came to the repayment I realised i would struggle to make the repayment schedule as i was only a student teacher living off the minimum student loan. I contacted…
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Debt Consolidation vs Credit Cards? Credit Utilisation question!
Hi all, A quick question. I've been paying off my debts for over a year now and haven't missed a payment in over 12 months, for the first time in 5 years! I've been offered a debt consolidation loan which would cover off 2 of my higher-interest credit cards. I accepted one amount however I'm now thinking that perhaps I…
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Consolidation loan for very poor credit
Hi. For a few different reasons I am 54 years old and have a circa £42k debt burden, mostly at high rates. I have a good salary that has allowed me to maintain repayments previously but Covid put a stop to that. The plain facts are a £58k gross salary, about £42k high interest debt all unsecured and current pension pot of…
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Second charge to Mortgage
I took a loan out years ago with a company called first plus they have since sold everyone’s loans to a company calf eldbridge, I recently enquired how much was remaining as I’m looking to sell my property and looking to clear the loan. I have been advised by the company that they will not allow me to sell my house even…
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Which loan to take
Hi There - Looking at financing some home improvements and been on money supermarket. I've been pre-approved for a loan at 7.9%, and that rate is guaranteed. I have been given 95% eligibility for a loan at 4.5% from virgin money. What do I do? Obviously, I want the lower rate, but if I am given a different rate on…
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Refinancing loan advice?
Hey everyone, I'm looking for some general advice on possibly refinancing a loan. So I currently have 2 loans. One is 230 pounds a month, this is paid off in 25 months, just over 5k total One is 330 a month which still has about 5 years left to run - just over 16000 total A recent change of job and having to wait 7 weeks…
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APR on offer
My online banking allows you to check out how much you can borrow and what the actual APR will be on the loan. I checked this out last week as I’m thinking of buying a new car and it was 3.3%. I still had less than a year to run on a current loan I’d taken out for my current car so I decided to repay the loan in full…
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Need a car!
Hello, This is my first time posting and I would appreciate any help anyone can offer... I live with my partner and 2 year old son, I earn £26,160 per year which is our only income, I pay £800 a month rent and we receive around £500 in benefits per month. I have no debt and a credit score of 902 on Expedian. We desperately…
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Early Settlement on HP Car loan
Hi all, I took out a HP loan to purchase a car in Nov 2019. As I had woeful credit history at the time, the APR on the loan was staggeringly high. Obviously with hindsight, this was a very stupid thing to do, but I did it, so no point dwelling on it. I've learned from it. My credit file is now in a really good place though…
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My name has been listed as a creditor on a DRO…
does this mean that I will never get my money back? I lent a now ex friend, £250 to do courses to further their career. She didn’t start paying back until 18months later, paid £95 in sporadic payments and then stopped. Her reasoning being that I had more income than her (?).She distanced herself and started ignoring…
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Future Loan App and FTB - Looking for Advice
I am a first time house buyer and once I have bought the house, I am looking to do an extension which will cost approximately £30-35K. I currently have a loan of £15K at 13% with the bank at 60 months (high street bank). I have had a look at "potential rates" through the bank "offers for being likely/very likely/unlikely…
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Ex Family loan for business start up
I’m looking for advice about a loan myself and my ex made from his father. We borrowed £5200 to start a business over 3 years ago which failed. We signed a printout to say we borrowed the money and would pay it back, however since separating nothing was said. Then out of the blue, he has contacted me to say I owe £2600 and…
