We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

career development loans

Options
1246711

Comments

  • savvy
    savvy Posts: 31,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi solarstone (like the name btw!!)
    I've moved your thread here as you may find some of this information useful to you.
    HTH
    savvy
    Honorary Northern Bird bestowed by Anselm
    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones ;)
  • Thanks Savvy... it doesn't seem to have helped moving it, but not to worry... some of the stuff is quite interesting as you say.

    I think my mrs. was turned down because a CDL she had 10 yrs ago she paid off with a cahoot loan at a much lower rate, and they didn't like it. (different bank though).
    Like a priceless jewel buried in dark layers of soil and stone, earth radiates her brilliant beauty into the caverns of space and time.

    Stately trees seem to brush the deep blue sky. Clouds billow to form magestic peaks. The songs of birds fill the air creating symphony upon symphony
  • savvy
    savvy Posts: 31,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Ooops sorry Solarstone! icon11.gif I know it's a bit of a funny area for this board, have you tried the student board at all, that might help a bit more??? :confused:
    Honorary Northern Bird bestowed by Anselm
    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones ;)
  • Karnam
    Karnam Posts: 1,177 Forumite
    Hi,

    I've applied to Barclays for a CDL, which will hopefully be accepted anytime soon!!

    My question is:
    Will I be able to pay off the loan before the repayment period starts?

    In a word YES. My partner has a CDL with Barclays and you can repay it early and there are penalties for doing so, but they far outweigh accumulating interest if you leave repayments until the agreed time.
    :A Boots Tart :A
  • savvy
    savvy Posts: 31,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Karnam wrote:
    In a word YES. My partner has a CDL with Barclays and you can repay it early and there are penalties for doing so, but they far outweigh accumulating interest if you leave repayments until the agreed time.
    So surely that can't be the reason why Solarstone's partner was refused?? :confused:
    Honorary Northern Bird bestowed by Anselm
    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones ;)
  • Details on Career Development Loans here

    http://www.lifelonglearning.co.uk/cdl/
  • Beware 'professional development loans' that are not part of the government backed Career Development Loan scheme. These are just commercial bank loans at a higher than normal interest rate :eek:
  • Karnam
    Karnam Posts: 1,177 Forumite
    its says on BBC website that the course can't be longer than 2 years for a CDL- maybe this is why solarstone's partner was rejected?
    :A Boots Tart :A
  • savvy
    savvy Posts: 31,128 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Karnam wrote:
    its says on BBC website that the course can't be longer than 2 years for a CDL- maybe this is why solarstone's partner was rejected?
    Could well be.........but then they haven't been told directly, so guess we'll never know!

    So, what's the best way for Solar to pay?? Obviously will have to move the existing £2K around on 0% cards or transfer to life of balance cards? But what's best for the next 2 payments?
    Honorary Northern Bird bestowed by Anselm
    I'm a Board Guide and volunteer to help get your forum questions answered and keep the forum running smoothly on Special Occasions, Green/Ethical, Motoring/Overseas/UK Travel & Flood boards, it's not part of my role to deal with reportable posts. Report inappropriate or illegal posts to forumteam@moneysavingexpert.com. Views are MINE & not official MSE ones ;)
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.