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I've consolidated all my debts into 2 loans. Need some opinions on my next steps
So I wasn't in crushing debt territory but I was well on my way. I've consolidated everything into 2 loans £5450 over a 7 year term with 28.5% APR minimum payment is £137.50 per month And £1500 over a 3 year term 16.2% APR minimum payment £54.35 per month. After 8 months I have the option to top up my loan and borrow more…
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Bounceback Loan Documents - Company Secretary
Hello, I have received an offer of a bounce back loan from the bank that I hold my Ltd Company account with. I am the sole director and employee. The loan agreement requires a signature from a company secretary as well as myself as director. It also requests confirmation that the motion to take on the loan was proposed and…
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Boiler breakdown disaster
I'm panic stricken! I had my boiler serviced this morning (or was supposed to ) and have ended up with a capped off boiler so no hot water or heating and a potential £2k bill to replace it. Needless to say I trust my heating engineer when he says it's karked it. I work part time, get tax credits and I am a carer for my mum…
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Student Loans Pre -1998
I still owe Student Loans even though I finished Uni nearly 25 years ago. I have repaid some but not all as Ive never really earned a great amount. I took out the loans in the following years: 1994, 1995, 1996, 1997 (Aged 22 years old) Are these wiped out in 2022? (ie. 25 years) Any advice you can give me would be greatly…
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Should i invest or give it back?
Hi all, I managed to get a personal loan of £19k over 6 years, 7% interest. I was planning on using this money to buy some land abroad but this has fallen through. Im wondering if its worth keeping this money and investing it as i think i could make some decent returns and i can afford the monthly payments in the meantime,…
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Moved: Keep getting this message
This discussion has been moved.
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Someone owes me money
Hello, I live in England and someone in Scotland owes me money. It has been over a year and this person does not feel like returning. I would like to get it back via online court claim. Do I fill out english or scottish form? Thank you in advance.
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A cheque sent due to Sainsbury's Bank 'not taking into account my financial situation'?
Hi all, I am new to this and have never posted on a forum so apologies if I make any mistakes. I just wanted to ask for advice/opinions. Yesterday I had a cheque sent to my by Sainsbury's bank for £186 regarding a 10,000 loan I had in early 2013 (ish). It was a time of real financial struggle for me due to sudden death of…
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IND Ltd - Contact Details - Company Disappeared
Hello, not sure if this is the right place for this post so apologies if not - we have been repaying a debt to *spit* Welcome Finance via IND LTD by standing order for seven years now - it suddenly occurred to me the debt must be nearly satisfied by now, so I’ve been trying to contact IND by phone and email - all emails…
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Moved: Windows in property rental
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MSE News: Buy now, pay later firms to be regulated – and shoppers now face affordability checks
Buy now, pay later firms, including the likes of Clearpay and Klarna, are to be regulated – and shoppers now face affordability checks before taking out this type of credit. The shake-up also means borrowers with complaints will be able to take cases to the Financial Ombudsman Service in future... Read the full story: 'Buy…
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M & S Loan
Hi, I've applied for a M & S loan and at the end it said loan application approved. Does this mean I've actually got the loan? Thanks
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elderbridge.... i need help
I took a loan out with Barclays in 2006 for 45k over a 17 year period so it finished at the same time as my mortgage. in 2016 my loan was ' moved' to Elderbridge. I assumed this was part of Barclays, received letter from elder bridge stating that i did not need to do anything at all and my payments would remain the same.…
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Where To Get Large Secured Short Term Loan For 87 Year Old?
I'm hoping to buy a house that I have seen as a cash purchase, but I am short of £135,000 which I will be receiving in 3 months time from investents, etc. The house is £200,000 and I only have £65,000 in my bank at present. My 87 year old father has agreed to borrow the money for me as I wouldn't qualify for a loan. I…
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Moved: Moorcroft contact request
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Guarantor Loans
I found out last year that my sister had stood guarantor in 2018 for a £10,000 loan for a work colleague. I have now found out she has done it again for the first persons daughter when a letter from the second lenders solicitor turned up today calling in the debt. I am back at the house during lockdown and what was helping…
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Strange Lloyds Bounceback Loan activity - account closed? Help!
So this has been quite the ordeal but I'll try to summarise as much as possible. My business has definitely been adversely affected by COVID-19 but until recently I'd been OK with the SEISS payments and so on. In early January I decided to look into a BBL and chose Lloyds as I bank with Halifax. I opened a Loan Servicing…
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Zoyo Loans - How are they seen by the HSL?
Hi everyone, I'm in a position (like many) where prior commitments are now unmanageable due to a change in income. This could be a mid-term thing and I don't want to find myself in trouble. I am looking to consolidate current credit card debt, to bring down the monthly payments. I am savvy about this and yes I do…
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Claim for car loan guarantor termination?
Hi all, I'm new here so hopefully posting in the right forum :) 11 years ago my partner stood as guarantor for a car loan for a close relative of his. He was a young man at the time and didn't understand what being a guarantor entailed, he even explicitly asked the salesman "so I won't be liable if my relative misses the…
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Google Store Finance-how do they take the payments?
If you purchase an item from the Google Store using the interest-free 24 month option, how are the monthly payments taken? I haven't been asked to set up a DD for this, nor given debit card details for them to set up a CPA.I do already have a debit card registered on my Google account for other purposes (Google Pay), so…
