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Overpayment vs settling a loan
Hi all, I took out a Lloyds personal loan to increase my credit score. I want to close this loan and the official way is to settle for it, but this will end up paying even more than if I will continue with it for the remaining months. The unofficial way is to make an overpayment, but I'm not sure how this would work.…
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Personal bank loans aren’t personal
I’ve been struggling for 12 years in a relationship that has my husband paying council tax, gas and electric. I’ve had to pay everything else, so I’ve taken out credit cards over the years to pay for the shortfalls. So I’m trapped and can’t get out. My credit rating is extremely low. I applied online for a personal loan…
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Advice for first time loan.
Hi, I was looking to loan approximately £4500-5000. This is the first time I have ever needed to borrow a large amount of money, so apologies if I sound a little naive. I have a very good credit rating and should be able to pay it off relatively quickly in 1-2 years. After a search on the very helpful Credit Club, I have…
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Loan company won't let me pay loan off?
A few years ago I took out a loan with creation finance. Everything was fine but now with around 18 months left I'm in a position to pay it off and I'd like it gone ASAP. The problem is their website won't accept payments, their bacs details don't work and they won't accept payment over the phone. I'm pretty sure I'm well…
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Moved: Old Secured Loan
This discussion has been moved.
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Student loan with divorced parents
My daughter applied for a student loan from my address where I live with her step father. She lives equally between this address and her father's address. The loan questionnaire has been sent to her step father where she is listed as his dependent. She depends financially entirely upon myself and my ex- husband. Her…
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Nationwide
Hi, I was just checking clearscore and a new option for a personal loan came up, with nationwide. The APR is by far the cheapest option and is lower than the APR on my credit cards so I'd be able to save a chunk of interest as well as reduce my usage amount, which in turn would help me get offered balance transfer deals…
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SLC (Wales) Welsh Partial Loan Cancellation
I have been updating details today on my SLC account. I noticed a link to the Gov Welsh Partial Loan Cancellation. I'd never heard of it before (site won't allow me to post a link yet). I checked my account and can't see this has ever been applied to my Plan 1 account. I called the SLC (Wales) today and the handler advised…
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Barclays Solar Reclaim
Hi. We had solar panels fitted in 2014 for £11500 (28 panels on a three phase system). Although the feed in and export tariffs never quite covered the cost of the loan, it was not that far off, especially if you took the electricity saving into account, which was substantial. We took out a loan through Barclays (via the…
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Can you use a secured loan to buy a house.
Can you use a secured loan cash to buy a house, example need £25,000 to buy our council home. Could I get a secured loan instead of a mortgage, secured on the house.
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Help !! it’s complicated !
It’s complicated So myself,husband and my parents brought a property outright in 2011 we have lived in this property since due to tax implications and advice from Solicitor my parents are signing over their share of the property bit by bit we ( me and my husband ) on paper currently own 25% each and another share will go…
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Student Loan Type
Hi, A new company has just taken over my wife's place of work, and have changed her from student loan type 2 to student loan type 1. They are saying HRMC have told them to do this, but we have been given no indication of this and when she logs into the student loan portal it still says type 2. Can anyone advise on whether…
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Justifying 35% interest charge on an overdraft
hi I was wondering how, in this day and age, Barclays can justify a 35% interest charge for using an arranged overdraft , just wondering!
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Best way to borrow a large amount of money to fund home improvements
HI, My first time on here! I am looking to raise around £60K to fund home improvements (extension etc) the cheapest way Have excellent credit score so thought of getting several 0% credit cards which do money transfers (know will be about 3% to pay but then 0%) and then transfer as the 0% introductory period ends. Or would…
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Loan for Home Improvements
Hi Guys A friend needs a loan for home improvements, they need around £20,000. The problem is their income is just £6,000. They are o.k. with a term of i.e. 10 years, they have a 'clean' credit history. They live with family, so very few monthly 'outgoings, just utility bills etc. They've had their bank account for over 20…
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Written off loan problem!
Hi All I am after some help! In October 2018 the last bit of debt I had was written off by AA loans, I couldn’t believe it as this was for 14k. The AA marked my credit file as settled and confirmed on the phone on 3 separate occasions (I have all dates and times of the calls) that this was written off but refused to send…
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Bounce Back Loans HSBC
I wonder if people can help. I applied for an HSBC BBL to support me with cash flow - I own a nice holiday management business in Cornwall. I have received no money’s from anyone to date through the Covid crisis. HSBC in their wisdom have declined the loan as I bought the business in May 2020- even though it had been…
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The Training Room, IT course scam
I don't really know if this is the right place to post... I graduated with a degree in product design in 2017 and started working for a small electronic company. I joined a course 2 years ago. I started and noticed that the quality of the material was really bad - basic but it was too late to cancel. They said once I'd…
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Paypal Credit - Beware all is not what it seems.
Hi, I recently got a 0% credit card and decided to consolidate my Paypal credit account into this to reduce credit charges. You can imagine my surprise when I was told by the agent "You cant pay your balance with a credit card as it is against our policy. Our policy is to ensure you don't create more debt." I advised him…
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Declined after incorrect DOB
Hi, just looking for some advice/thoughts. Last night I applied for a small loan to help with home improvements. My laptop auto filled in my address and date of birth etc. I only realised after the application was submitted that my date of birth was incorrect. It was so slight I didn’t even pick up on it when reviewing.…
