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Girlfriend has loan but is now on maternity leave

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  • chalkie99
    chalkie99 Posts: 1,618 Forumite
    Part of the Furniture Combo Breaker
    sp1987 wrote: »
    So let me get this clear in my head...

    The repayments are too high...

    So you wish to borrow more, paying more for it. Uh?

    You don't work at the treasury, do you? :rotfl:

    Well, it was something to do with (being in) Labour :D
  • Hax
    Hax Posts: 890 Forumite
    I still can't get my head around:
    1. Why someone would complain about the interest rate on a loan that was found to be completely acceptable at the time it was taken out
    2. Why a life-changing decision is made to bring a child into the world and finances aren't properly thought through before that decision is taken
    3. Why someone would look for someone else to blame for their financial situation which is caused by their own lifestyle choice
    4. Why someone not happy with their financial situation would look to stretch themselves even further and introduce more stress/concerns

    Maybe I'm missing something here...
    My posts are my own opinions based on my experiences and info gathered from sites such as this.
    They are not a substitute for professional financial advice - but you knew that already didn't you? ;)
    VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!
  • sp1987
    sp1987 Posts: 907 Forumite
    chalkie99 wrote: »
    Well, it was something to do with (being in) Labour :D

    Oh well, it seems like it's just us two finding that funny!
  • Daisy4567
    Daisy4567 Posts: 218 Forumite
    :rotfl::rotfl:
    chalkie99 wrote: »
    Well, it was something to do with (being in) Labour :D
    :rotfl::rotfl:

    Can't contribute with advice to this thread I'm afraid but that was a very good pun!

    It made me laugh out loud:T
    When looking at the climb in front of you, don't forget to look back once in a while and see how far you have come:j
    and remember...
    All the worrying in the world won't change anything...so breathe:beer:
  • Credit_Jake
    Credit_Jake Posts: 222 Forumite
    :eek: Wow I am shocked by the amount having to be repaid. I took a loan out at the start of my job (2008) for £8000 over five years and the interest was £1700 so paid back £9700. I settled early so actually paid back less.
  • Hax
    Hax Posts: 890 Forumite
    Credit_Jake wrote: »
    :eek: Wow I am shocked by the amount having to be repaid. I took a loan out at the start of my job (2008) for £8000 over five years and the interest was £1700 so paid back £9700. I settled early so actually paid back less.

    It all depends on your credit rating. If you have a poor rating then you're deemed a higher risk and the loan costs more. Have a good rating then you get a better rate.
    My posts are my own opinions based on my experiences and info gathered from sites such as this.
    They are not a substitute for professional financial advice - but you knew that already didn't you? ;)
    VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!
  • Tiddlywinks
    Tiddlywinks Posts: 5,777 Forumite
    I've been Money Tipped!
    Your GF borrowed money and was happy with the rates.

    Your GF opened a savings account and was happy to do so.

    Your GF chose to have a baby.

    Hopefully no one held a gun to her head.

    If GF is old enough to make such financial decisions then she should have been old enough to also realise the implications of pregnancy related absence from work.

    Lesson - it's her life to manage as an adult, not the bank's responsibility to change contractual arrangements to suit a customer's family planning decisions.
    :hello:
  • Credit_Jake
    Credit_Jake Posts: 222 Forumite
    Hax wrote: »
    It all depends on your credit rating. If you have a poor rating then you're deemed a higher risk and the loan costs more. Have a good rating then you get a better rate.

    That's the thing, when I applied all I had ever had was a mobile phone contract, never had any credit cards or other loans. Maybe I was just lucky.
  • Hax
    Hax Posts: 890 Forumite
    Was it a graduate loan?
    My posts are my own opinions based on my experiences and info gathered from sites such as this.
    They are not a substitute for professional financial advice - but you knew that already didn't you? ;)
    VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!
  • speedbird1973
    speedbird1973 Posts: 526 Forumite
    Hax wrote: »
    Was it a graduate loan?

    it's a loan for graduates!
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