Loans

Hi folks :) This is the new Loans Board Sticky where links to all current important threads will be kept. Links: This thread is for quick links to threads in this board. IMPORTANT - Problems with debts, payday loans etc? Payday Loan Survival Guide from Govan Law Centre Lending money to friends & family Cheap Credit Card…

Useful links within the forum * Credit File & Rating board * Debt-Free Wannabe board Useful links to MoneySavingExpert.com guides * Cheap Personal Loans * Loans Eligibility Calculator * Cut Existing Loan Costs * Cheap Car Loans * Short-term and payday loans * Should I get a loan if I have a bad credit score? * Bridging…

For discussion of everything to do with student loans and student finance, please head to our Student MoneySaving board.

Original post from Dec 2018: Taking a loan for our dream holiday? --- Current Situation I came back to MSE today to get advice on car finance, and remembered my first post here, from two years ago. I came and asked if it was a good idea to take a 7k loan over 5 years to pay off debt, and book a dream holiday. I still have…

I have received a letter from VWFS regarding a car I purchased on PCP in 2015 and subsequently refinanced in the car in 2019 to fully repay and purchase the car. During COVID I struggled with repayments and they have now written to advising that they are offering me a goodwill payment and I am unsure if I should accept it…

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…

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.…

Not an advert or a question, just letting people know as it could be beneficial. I have a personal loan with Nationwide with approximately £21,500 left to repay with 69 months remaining at 7.9% APR. Been paying it for just over a year so far. I have been getting targeted adverts recently from Tesco Bank for loans starting…

Hi All Just an update on my battle with the above mentioned. Back in september 2020, i decided to contact provident and ask for a copy of all the loans i had between 2009 & 2016. After about 4 weeks or so they sent me an email with details to log in to a complaints portal, very easy to do, so after downloading all 18 loand…

Just curious, with the Amigo Scheme suggesting payments will start going out toward end of Feb, has anyone started to receive their refunds? 

I've been working towards a more positive credit history over the last year or so - and am lucky that at the present time I don't have the need for a loan. That doesn't stop me keeping an eye on what I am/am not eligible for - and recently Zopa appeared to launch their own eligibility checker that analysed your credit…

Hi sorry this is long. Would really appreciate some advice. We need to get a personal loan for a new boiler by yesterday really. I don't know who to apply too as we only have 2 years clear credit history. Arrears on.mortgage from financial difficulty during covid . Recapitalised and set to normal Sept 2023. No existing…

I had a loan agreed with Santander on the 9th July but still waiting for them to release the funds. They say there was an IT issue but will not give me any indication when they will release the funds. They advertise that funds are released in 2 days once all approved! Anyone else having a problem? 

My son paid off a castle community bankloan of 12500.00 on their site as discussed with them on the phone. A month later he received a statement with no 12500.00 deduction. Following that up we rang them and they said they didn't receive it. They looked into it and thought it had been paid to community finance who are…

Hi All, Out of the blue I received a letter from Moneyway owned by Secure Trust Bank to say that they are currently reviewing the support that they offered to customers during times of arrears as they admit that they may not have supported customers as well as they could. A while back I had a £20k car loan eventually…

Good afternoon, I'm hoping someone knows what actually happened with this scheme. I was told to expect some money in September this year but the scheme has all but disappeared, neither the phone number or portal works. There is a page full of information but I do not understand it, as far as I knew it was all sorted last…

If you've got a buy now, pay later (BNPL) loan with Laybuy, you need to continue repaying it as normal – despite the firm falling into administration. Failure to do so could still result in late payment fees and it could also negatively impact your credit score... Read the full story: Buy now, pay later lender Laybuy falls…

My mother in law has recently passed away. I'm currently organising probate and calculating assets and debts. My mother in law had a loan which she was about 3 years through a 5 year repayment period. The value of the loan is £6,600 now, will that be the settlement figure or will the bank add on the interest that would…

As the title says. My parents Dad 86 mum 82. Dad has dementia, mum has been bed bound for just over three years. I have this weekend found out that that in November 2022 they took out a loan of £18,000, to cover credit cards that my dad had incurred. They are now in a situation where there care and rental payment are more…

Hi, I was trying to purchased VR for my son through Argos. There is a choice how do you pay for it. Card, Paypal payment in 3 (interest free), Apple Pay. I have decided that I would like to split payments in 3 because is over £500 and interest free. I have Paypal account for years with £3600 Paypal credit limit that I…

I’ve seen on a lot of forums that we should contest the interest rate used throughout by Elderbridge as it was unjust ? This loan was passed over by first plus, I took the loan out in 2007 £35k @ 6.4% variable over 288 months I still have over 18k to go … which I understand is right but the interest rates have been far…

Took out an HP loan of £10k last November to buy a new car over 4 years. Have been able to make lump sum reductions of £1000 on 18 January and a further £1000 on 21 February. Had a statement from the lender showing the January payment as being applied to the loan on 15 February. Rang them today (had not received any…

My parents helped out my cousin, and they have now defaulted on any type of repayment plan. Around 12k, we have proof of repayment (sporadic) Option one: Forget about it...don't get the money back, irrepreble damage done Option two: Court, get the money back (hopefully) but irreprable damage done My question is (before I…