We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
need advice on bank loan .....
desperate_mum_3
Posts: 251 Forumite
My daughter has a 4 month old baby and her husband left last week , she has applied for tax credits and housing benefits . Her smp ends in April then she will have to go onto income support .
She worked in a bank and had a staff loan she left the bank due to stress she developed alopicia the bank agreed to turn her staff loan into a customer loan but the rate is 28% , she has £4,000 outstanding but her repayments are £252 per month , she has always paid on time but obviously worried she is not going to be able to keep repayments up .
Is there anything she can do ? we are all worried sick for her ....:(
She worked in a bank and had a staff loan she left the bank due to stress she developed alopicia the bank agreed to turn her staff loan into a customer loan but the rate is 28% , she has £4,000 outstanding but her repayments are £252 per month , she has always paid on time but obviously worried she is not going to be able to keep repayments up .
Is there anything she can do ? we are all worried sick for her ....:(
BR as of 26th April 2007 and feeling 10 years younger :T
If only ex could be sorted as easily :wall:
If only ex could be sorted as easily :wall:
0
Comments
-
Hello, didn't want to read and run.
You might be better posting this on the Debt Free board. They will be able to help.
x0 -
Great idea , thank you ..BR as of 26th April 2007 and feeling 10 years younger :T
If only ex could be sorted as easily :wall:0 -
Your daughter needs to find out how much she'll need to pay the bank to clear the entire loan.
Then she needs to see what she can do to find this balance.
That's a very high interest rate for a loan. Got to be better ways of paying this back than paying that rate.
Can her parents help?
Did she buy anything with the money (e.g. a new car) that she can sell?
Can she get any sort of crisis loan as a benefit recipient?0 -
What is her husband doing in relation to paying for his child? Is the loan his as well or just your daughters?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards