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Struggling to get a loan at a good rate
I was doing okay at end of last year and beginning of this year when applying for loans across the board. But Now I believe covid impact has caught up with lenders and now the same loans arent available to me. perfect credit history and score as confirmed by all CRAs and independent credit specialists from a variety of…
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Guarantor for an online course
My granddaughter who is 19 asked me to be a guarantor for a loan that she wanted to take out for an online course, I agreed as she is in permanent employment with the NHS. Unfortunately, after two months of doing this course she felt that this was not for her and wanted to change her career direction. We have both emailed…
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Credit Union Loans
I’m a member of my local Kent Savers Credit Union and tried a few times to apply online for a personal loan or a child benefit loan. Each time I get to a point in the application where the link to the following stage fails and I can’t progress further with my application. I’ve tried to get help directly with them via email…
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Old style student loan write off date
Hi, I had mortgage style student loans in 1997, 1998 and 1999. The last of these was paid off (Erudio...yeah, I probably shouldn’t have bothered!), so just the 97 and 98 loans remain. First, my understanding is that these loans are written off 25 years after the date the last loan was paid to me- do I have that right? If…
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Student loan - second degree in healthcare for mature student
Hi everyone I've been offered a place at university to study for an allied healthcare course. This will be a second degree and I'm a mature student (will be 50 when I start!). I'm trying to work out what to do in terms of the finances. As it is a healthcare course, it looks like I can apply for a student loan for both…
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Loans settlement query
Hi, I took out a loan for 11k with HSBC in June 2019 (first payment July 2019) @16.9% over 3 years (36 Installments @ £386) So far I have made 21 of the 36 payments and today enquired about a settlement figure, which is quoted as 5552. If I pay the remaining 15 payments as normal the total would be 5784 so I was expecting…
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Lending Stream refund
Hi guys My wife has just received a payment into her bank account described as "Lending Stream LLC" She did have a loan from them some time ago but paid it off a while back. She has not initiated any refund claims. Is this likely to be an unsolicited refund or an unsolicited further loan ?.
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Using my Pension to buy a business
Hi all. First time on here. My Wife is thinking of buying an ice cream van business, and I was wondering if she could use her or my pension pot? The value of the business is 20k including the van and good will. If I use my pension then I would have to take it as non tax free, and as an income, but would the 20k then be…
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Unexplained refund
Hi i had a loan with sainsburys bank in 2010 for £10,000. I never missed a payment and finished paying it odf years ago. Randomly in january i recieved a letter off sainsburys bank stating that they should have managed my account better and taken my circumstances into account at the time and they were refunding the…
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Loan
Secured loan versus personal loan.
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Car finance - trying to charge me for "refurbishment"
Hi All Hope someone could help. So.... I handed my car back to the finance company under voluntary termination because I had paid 60% of my loan back so I was within my rights to do this. They sent someone to assess the car and they logged ever scratch or small dent I received a bill which had been marked by the chap who…
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Loan payment holiday complete
I have a loan with nationwide, I am employed and have a regular income but my partner is self employed and has had a reduced income due to coronavirus. We have taken a total of 6 months holiday in 2 separate chunks. My current holiday has just finished abs now it appears that nationwide aren’t prepared to lend me to full…
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I need £1500 this week.
Hi, Sorry for the rather exaggerated title, its not quite a life or death situation. I have just agreed a sale on my every day car and now need to buy my next car as i am without an every day car. Im short from the car id like to buy by £1500. I am looking to borrow £1500 and i have until Thursday off work to go car…
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Advice on financing a business start-up
I'm hoping for some useful advice for this potential project! My wife and I are contemplating giving up our London life and relocating to run either a B&BV or a tearoom. My wife bakes and sells cakes as a side business, and is keen to get into this in more of a full-time capacity, ideally with her own premises. The perfect…
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Amigo loans
Hi , first time posting .. I was a guarantor for some and I was young and didn’t really understand how it work but I didn’t it for a friend the original agreement for it was (£197 ) a month then I was that amigo has agreed with him that he could have a less payment however I agreed to the payment above not £50 ( which is…
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Student Loan - Don't qualify for government loan.
Hi all, I moved back to the UK from South Africa 7 months ago and will be bringing my daughter over here to study at university shortly. My daughter is a British citizen, but hasn't lived herein the past 3 years, which according to the rules I read, doesn't qualify her for a government student loan. Are there other viable…
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George Banco Ltd Guarantor
Hi I was wondering if anyone had any problems with this company .I am trying to appeal from being a guarantor and waiting for FOS decision .
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Payday/gaurantor loan reclaim problems
Hi All, need some advice please. I have tried claiming back from both amigo and provident using resolver through this website and following advice.Amigo are going to court to try and get a repayment scheme set up so they only have to pay a fraction of the claims. I also have been trying to claim from provident, and it…
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Loan Advice needed
Hi all, I’m after some advice - I have a credit card with MBNA I’d like to pay off. I took out the card initially to transfer the balance I had of £4,000 from another card, this amount is interest free with my MBNA card until June, I have however spent a further £3000 on the card and am now being charged 20.3% on that…
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LOAN INTEREST RATE DIFFERS FROM ADVERTISED RATE
I have applied for two unsecured loans, one from Sainsbury's Bank, and one from the AA. Both the loans were advertised at 3.1% APR. I was offered a loan of the amount requested ( £12.5k) by both companies, but at 9.9% APR. I know that banks have to offer loans at the advertised rate to only 51% of successful applicants,…
