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Combining loans
Hi, I have two loans from two different banks and a credit card from Aqua. Is there a way to combine them all so I can just pay a one off payment each month. I get so confused with the current system of two direct debits and then having to make a payment to Aqua and would rather do a lump payment each month. Any advice…
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RateSetter loan - Pay off early.
Hi, guys, just looking for some advice RE paying off a RateSetter loan of early to avoid the interest. It is currently at 11.9%, which when I was applying to buy the car I thought nothing of (excitement took over!) I'm paying £162.83 a month and £34.57 of that is interest! There's £5,821.56 remaining, and the car if i was…
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Business Loans (bounce back) - will it show on credit report if defaulted?
Hi - I'm a director in a company and received a bounce back loan. As I am in the UK under a spouse visa with a renewal due every 2.5 years I want to know in the event the business fails or I default on the bounce back loan will that show up on a credit check the home office carries out ? Is there anyway I can check this…
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Car manufacturers finance and registration
I am trying to buy a car for my ex wife, we are separated and I will be the financier but she will be the registers keeper. I was advised this will not be possible as the finance and keeper need to be the same for the first vehicle registration. Is this accurate.
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Car Loan from Parent
My wife and I have kindly been offered a loan from her mother to avoid car finance. We have agreed a payment schedule but wondered if there were any tax implications as a result. The amount is more than the £3k gift allowance but as its a loan is this relevant? Thanks.
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Loan for £50,000
Hi I would like to take a loan for £50,000. I have a mortgage payment of £816 pm and my salary is £38889 pa. I would like to spread the loan by 6-7 years, I tried money supermarket.com and it says no suitable load found. Please suggest what is the best way of getting this loan. Thanks and any suggestions will be really…
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Reducing payments
Hi, I am struggling to meet my payments due to a change in circumstances, although haven't defaulted. Am I best to contact the loan company direct or go via a debt charity like step change to try and get my monthly payments decreased? I appreciate that either will ruin my credit rating but is there a better way to do it?…
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Loan for hip replacement , mortgage free, on benefits
Good morning Hope this is in right Section My friend is needing a hip replacement op. Only 45 she has chronic arthritis and suffered a motorcycle accident yesrs ago She is on benefits sue to illness Mortgage free Completly Need advice on best way to raise money for operation Loan or mortgage please Best regards Will
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Amigo - Full and Final
Just had a thought, I know that should Amigo fail (unlikely I know) but possible, to agree to their "Scheme" and go into liquidation. Would that be a good point to off a reduced Full and final settlement to see if they are desperate enough to take it? I have a loan, settlement is currently £1635 but if I pay all the…
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Pay off loan?
A family member got a loan for me a couple of years ago I owe £6k on it and it a low rate. I have £6k savings should I clear it and be £220 a month better off and start saving again? Difficult
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Paypal Credit changing T&C's and increasing APR
Hi all, Just received an email advising that Paypal Credit are changing their T&C's This is an extract from the email received The way to prevent this increase is by the looks of it is by closing the account I contacted Paypal and they confirmed that existing promotions will continue to end of term but if there is any…
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HOIST FINANCE
I have received a letter from Hoist Finance saying they have taken my loan over from Robisnon Way. I have been paying RW £5 a month since 2012. But have always disputed that I owed the money to Lloyds, Due to a complaint at the time from 2010. I asked Hoist to get a copy of the original agreement which they are unable to…
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Student Loan Write Off Loophole Discriminates Against People with Mental Illness
I am writing this with a sense of despair and anger. Honors Student Loans are using a loophole to prevent me from deferring my loans. They are using another rule that I consider discriminatory against anyone with a mental illness that prevents them from working. In my case, I've not been able to work since 2006. The…
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Rejected for 0% loan but does not say failed credit check
Hi After any advice , so in the past couple of months I've applied for a couple of loans to take advantage of 0% offers. one from Stormfront(Klarna) and one earlier today from Samsung (Paypal Credit) both have check details !! So I don't think the applications have failed the credit check ( I'm on a reasonable salary ,…
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Multiple Student Loans
I have an old student loan for which I am repaying £100 month from my salary. I never finished my degree and am considering going back and studying part time whilst working. If I take out a part time tuition fee loan then will I have 2 make 2 repayments or wil it stay the same because I am already paying 9% of what I earn…
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Student Loans £2K missing payments
Hello all, I have a bit of complicated (to me anyway!) issue in regards to my student loan repayment. Essentially, despite paying out of my salary there was an adjustment by HMRC midway through the year (2019 - statement only came through in September last year) and that adjustment meant that over 2K of the repayments…
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Mis-sold PCP Car finance...
I have today been contacted by a company(through my taxi trade body) who stated that I may have a claim against the company I financed my Taxi purchase through. They mention that I may have been mis-sold the finance stating that one or both reasons may apply to me either, 1.Insufficient credit checks or background checks…
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Amigo Refund
Hi all. So basically, I raised a complaint way back in around 2018/19 with Amigo and they eventually responded saying they felt that all loans were affordable and I wasn't due any redress. I then left it until I saw more frequent posts and articles about amigo, plus I learned more about about whole FOS case handling…
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Repaying Student Loans
I work overseas, have a Type 2 loan, from 2009/10 that I am paying off. Currently, I am just paying off the default country rate as it is lower than what I would be required to pay if I submitted my actual details. From my understanding, this is acceptable by the terms of the SLC and my loan will be cleared in 2 years…
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Improper letter from Sainsburys Bank
The other day I received a letter from Sainsbury's Bank saying I owed £94 because of a returned cheque (I haven't used cheques in years) from March 2020. I spent 45 minutes on the phone with their 'Recovies' people at a call centre run by Blair, Oliver & Scott. The address for the call centre is in Fife, but the accents…