Cut the cost of existing loans article discussion.

Noofywoo

Hi, Have a car loan which is due to finish in Jan 11. Pay £154.95 per month, with final payment of £2800 in Jan 11 also. Coming into little bit of money next month and with that and savings would be able to pay off loan, is this the best thing to do? I was thinking of getting 0% credit card and transferring loan to that, putting money into high interest account and paying off loan in Jan as required using savings and hopefully getting bit of interest. Can anyone give me advice?

Thanks Noofywoo

bex209

Hello

Now I might be writting this and have put it in completey the wrong place so if I have I am really sorry:(.

My fantasitc mum has been fighting HSBC with help of FSO regarding the PPI on my loan. Of course shes been on Martin Lewis site to find what info/letter to use and it seems to have worked!:D. The FOS have said HSBC have mis sold the PPI to me.

(quick run through of what happened......I got out a loan. Then I went back a while later to get another one to help clear debts. My wages wouldnt help the loan go through so they used my then partners wages to help the loan go through (and of course it did!) Thing was loan was in just MY name!:( so the ppi was covering ME if I lost my job but not if me and my partner broke up....and yep you guessed it we broke up!. HSBC said they were not responsiable but FOS stepped in and have said HSBC have mis sold the PPI as where the loan was in just my name and a note on the system says they used my ex's wages it was me who was liable they should not have allowed it....(papers being processed with FOS/HSBC regarding payment once settlement done I shall post in sucess thred )...........

So basically what I want to know is where HSBC now admit they have mis-sold the PPI on the loan due to my ex's wages can I fight for the loan to be wipped out? Where they are taking off the PPI payments I should be about £50 better off per month and at the moment I REALLY need every penny I get. So if I was able to fight the loan with a chance of winning I would be a LOT better off!!. Im not counting my chickens and all as I know the banks dont want to pay unless they HAVE to. Any help/info what ever anyone can give I would be very greatful. Thanks for reading _pale_:think:

maturestud2010

:mad:The big problem I'm facing in trying to paying back my student loan and stay out of further debt is that the 9% is straight from my salary and (obviously) alters according to how much I earn. If I try to earn more to clear debst, the SLC just takes more. What I need is to regularte the payments to something fixed. I have a mortgate, council tax, bills to pay and a car to run.
Any suggestions on how I can find a way to fix the amount I pay back to the SLC?
Secondly, my company are subtracting it from my gross salary - is this right? or should it be from the net salary after tax and pension?

crackaman

I got a time share loan out with my ex 2002 and in 2005 we split and I was left with the debt but I could not afford the the full repayment amount so we agreed I pay some and since then I have been struggling because they have been adding interest, so the loan was for 12,000 it is now up to 16,000 I spoke to them 2 yrs ago and they will not freeze the interest, so I will never pay off the Debt Please can anyone help me its getting to me.

[Deleted User]

was the loan in joint names or just yours?

dpase

I am in this exact situation....what did you do???

BigSaver wrote: »

How would I go about transferring a £4,000 personal loan to a credit card and occurring no fees or the lowest possible?

Thank you