Loans

TL;DR bought a watch as a present on 12 months interest free back in June. It hasn't arrived. Not sure how to proceed? A detailed timeline: * 19th June: Bought a watch, apparently in stock, Paid £145 to the credit company (V12) * 26th June: Became clear it wouldn't be happening (not in stock, no longer in production) - was…

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…

I took out a loan with Northern Rock to purchase a car. Loan period 2005 - 2010. Paid in full. Who do I contact regarding potential compensation re hidden commission on this loan? Any help would be appreciated. Thank you 

Good morning all, I'm looking for a bit of advice with regards to paying my loan off early, and would also like a double check of my maths to ensure I'm getting this right. Current outstanding loan balance: £8,358Monthly Repayments left: 33 at £283 (so total left to pay = £9339)Settlement figure today: £8363 (just made my…

This has probably been asked a million times before but I would like to hear some opinions on this. I had to have my 12 year old Astra written off and the insurance gave me around £2k for it's value. I'm looking to buy a family car (nice size) that is around 4-5 years old. Firstly, any recommendations? Secondly, what is…

Hello all, Looking to purchase a new car but don’t know whether to use savings or get a loan. The money is currently in a Santander 123 account which I believe is paying 2% interest. The car/loan amount is £25k. I can get a loan with Nationwide or Santander at 5.9%. I am of the thinking that paying cash would be better…

We do apologise for the previous communication that may have caused confusion, kindly treat this as a follow up email. The original creditor has sold this debt to us on 2022/06/30, and it is within their legal right to pass this debt to a recovery agency as per your contractual agreement. As per the terms and conditions of…

Hi, This seems too easy and probably wont work but would love to hear some advice. I'm looking to take out a personal loan with the bank and ideally would like it over 5yrs but my budget is £380p/m £21k over 5yrs is £417, rate is 7.4% fixed. £21k over 8yrs is £288, same rate 7.4% Is there a way of working out how much I'd…

Hi I need a £1500 very short term loan to cover some DDs going through on Saturday. £900 is going in tomorrow and £400 on Monday, which is too late. I have several items for sale on eBay, amounting to £2000-£3000. A £1500 item has almost sold. I hope to pay down the loan next week. I have no credit cards and nearly at…

Hello All, I'm looking for a bit of advice, perhaps from someone who may have had a similar experience to me, or someone in the know. I have an account with a financial provider, well known, limited company, all above board etc. and Allows me to purchase products and pay monthly over a set period of months, I have used…

Hi Everyone, I need a new/new to me car. Looking around at the offers and getting a bit confused. Here are my options: Option 1 Buy New 60k Vehicle purchase price / 10k miles per annum 0% interest on PCP £13k downpayment £500 per month Option 2 Buy Second Hand 55k Vehicle purchase price / 10k miles per annum ~10% interest…

After 10+ years of campaigning against Barclays FP loan clause fairness the FOS has done a complete U turn and there is now a willingness to find in favour of complainants and for the above to negotiate settlement terms for customers who complained over the interest clause. I have contacted the FOS asking them to review…

Having an issue with a finance agreement with Klarna. In short I purchased a Canyon bike on a a finance agreement with klarna. The first payment post was taken successfully one month after purchase (1st of August 2024, following purchase on 1 July 2024). However since this date no further payment has been taken. It still…

Hi, I'm new to MSE but was hoping for some advice/guidance. A number of years ago, I split from my wife and subsequently divorced. We owned a home together with first and second charge mortgages secured against the property. The timing was poor and the combined debt was around £30k above the sales value of the house, so…

Hi, I had taken 7 loans out with quid market over a 3 year time frame. The first one was 2020 so within a 6 year time frame. i believe these loans were unaffordable for me and i was on a low wage and already taking out other payday loans ( I was unfortunately by myself with a young child) and got caught in a cycle. i have…

Dont know if this is right place to post mods please move if not! Received a letter stating theyve unsuccessfully tried to contact me regards to an unpaid purchase made in March this year for £124 on pay later credit agreement. Ive made no such purchase and never ever dealt with Klarna, or the merchant (DHGate) before.…

£22600, 9% APR, 4 Years, £390 Payment, £9688 GMFV Zopa allow overpayments, anytime, and recalculate monthly every time, and I have checked, if I continued, at some point, it eats into the GMFV. https://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator/ When I have inputed the figures and just kept a £250…

I had two loans with UPDRAFT one for 20k and one for 8k. I wanted to default on all my credit cards and loans which I decided to do last year. I did receive a default notice from updraft (around May 2024) for both my loans and I had assumed the defaults had been recorded when I started to get letters from ACI. I started to…

Hi, I've just sold my house and need to distribute money in several places. I was wondering could I send my children £85k each to hold for a short while until my new house sell goes through...2 months time? I totally trust my children but don't want their to be any implications for them. many thanks

Hello! does anyone have any thoughts on whether my loan should have been approved…. I took out a loan to consolidate some of my debt £25,000 back in September last year with repayments of £711 pm I already had £32,000 worth of debt over other loans and credit cards….( not including my car HP) My income at the time was…