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Loan to a friend and tax
Good afternoon people. I've got a question in regards to tax. My situation is as follows: I've lent 2000£ to a friend to start a business. I know I will get the money back, that's not the issue here. The money was lent this way: he bought a van for 1200£, I paid 600£ to the owner through bank transfer, 350 in cash from my…
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Overpaying on PCP as mileage has not been as predicted
Greetings - When I took out my PCP agreement in Jan 20, on a used vehicle, my predicted mileage was 25,000 a year. Last year I did about 4000. This year I'm likely to do more, but much less than 25,000 per annum. I'm therefore massively overpaying on my PCP and having spoken with the finance company I've been told there is…
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Student loan.
A family member going to university this month tried to set up his student account. It was declined because they said he had a mortgage. After doing a credit search we found that it had a mortgage on it. He has only just turned 18 and obviously never had a mortgage. How does he get it removed? Thanks
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paid a lump sum off of mortgage
Hi paid a lump sum off my mortgage through Lloyds Bank to the Halifax, Lloyds bank said that the fpo will reach them within 2 hours ,kept checking online my Halifax mortgage account, it was not showing ,phoned up the Halifax they said it would , take 3 to 5 working days to show ,they checked the payment details were…
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mortgage type student loan thresholds
Anyone know why this years repayment threshold for mortgage style student loans has DECREASED over 2019, while loan thresholds for Type 1 and 2 loans have both INCREASED ? Does anyone know what items are taken into consideration to establish the threshold level and what is the logic behind using it for people that reside…
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Bamboo Loan Refund
Hi All, Im new to this so please bare with me. After some great information i read on this site, i decided to reclaim unaffordable loans. Ranging from payday loans to one guarantor loan with bamboo. I took out several loans in a 6 month period in 2016. During that time I was in the midst of a mental health breakdown. I was…
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Onstride Grant Thorton sold to Lantern
Hi, Did anyone receive a message from onstride/cash euro net or grant thornton about them stopping payments on 23 august 2021 because I never. So I checked my bank account last Friday and today to see if onstride was on there nothing so I rang up onstride today and they apologised that no one informed that no payments are…
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State Pension-Loan query
Hi newbie poster so apologies if wrong forum topic for this post. I have been retired for 6 years and my wife(also retired) have been living on our work pensions for day-day finances and some savings for bigger purchases. Although our credit rating is very good the prospect of "loan" does seem poor? Will this change when I…
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Creation Loans - Incorrect number
I wasn't sure where to post this. Sorry if it is in the wrong section. I have a loan company that keeps calling me (usually twice a day) and they have the wrong number. I have spoken to them five times about this and emailed their company six times but they keep calling. I have their number blocked now but I can't block…
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Loan to pay off credit card?
Business was hit hard by pandemic. Self employed and I fell through the cracks of furlough and got nothing until the 4th grant this year. Had to live off the credit card for a few months last year and now got 5k on there @ 18% Looking to get a 5k loan to pay off. I know a loan to pay off a card isn't ideal but there's zero…
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Selling a loan
Can a loan be sold without your knowledge? Had a loan with new day and noticed the payment hadn’t gone out this morning. Logged into my loan account to discover it’s been sold to asset link capital no 7? I’ve not been informed, had no paperwork etc. Can they do this?? I’ve called them this morning as I was worried a…
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Personal Loan to pay remainder of property?
I am currently short about £10,000 - £15,000 to fully buy a property. I don't really want to go the mortgage route and most high street banks say you cannot use a personal loan to buy property. Does anybody know any lenders who are ok with this purpose please?
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Help please if poss
Hi I know I was stupid but I got a few c c to tide me over totally stupid I have debt approx 3 grand ..I know I was stupid but am asking for advice please as am sick with worry..I am wanting to get a loan to pay off them all I know I can afford the monthly loans payments..had anyone had any experience with freedom finance…
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making a payday claim
Hi. A friend of mine has multiple old loans from lending stream and morses club. They were in a financially strained position when they took them out. It seems to me they probably have a good case to claim a refund but they don’t want to deal with it as they don’t want reminding of it and don’t feel they know what they are…
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Creation Finance - partial settlement advice please
Hi I changed cars on 6/6/2021 and financed the new car using Creation Finance. I borrowed £10349 over 5 years with payments of £226pm starting 6/7/21. Total due plus interest is £13585.80. I had some money due to me so paid £3000 as a one off to against the 'principal' and transferred it on 15/6/21. My intention was to…
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Bounce Back Loan Remediation Emails ?
I took out a bounce back loan last year in June with HSBC. They requested a print off of my self assesment statement 2018/2019 as well as all of the other evidence you have to give them.. i did all of this, sent it all to the relevant departments, and to my amazement, my bbl went into my account not long after. since then,…
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Failed loan application. and actual processed credit application ...
I am trying to discover why I keep getting turned down for a bank loan. I received a copy of the bank application process from the bank in question by doing an SAR. They have sourced Equifax and Experian and when examining the details of the report. The Experian check shows two addresses the one from Equifax appears to…
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Student loan pre 1998, cancel date?
Hi I have 3 student loans from my university course. Taken out 1997, 1998 and then 2000 (I didn't get one for my 3rd year) I think they must be soon coming up to the point when the get cancelled. I'm a part time nurse so never been paid enough to have made any payments on them at all. My boss has recently offered me some…
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Reducing Interest
Hi there, just wondered if anyone has any advice to cut down loan interest owed? My partner has a big loan of around £11,000 with 4 years remaining. Pays just under £350 per month, with interest nearly £100 too as the rate is high. I wondered if it is possible to reduce this at all. It is a loan through her current Bank.…
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Loan application refused wheres best to apply and why was it refused
Hello everyone Would like some advice please my fiancé tried to apply for a loan she has a credit score of 580 out of 700 on one credit checking site, no defaults and a full time job working for nhs on £25k.she pays all her payments on time to. She currently hae a consolidation loan which has 7k left which she got through…
