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🎓 Got a student loan question? Head to our Student MoneySaving board
For discussion of everything to do with student loans and student finance, please head to our Student MoneySaving board.
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New to the Loans board? Start here
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…
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Loans - Important links - please read
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…
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Family loan and investment
I have already sent £95k to my son to purchase a property for me in Dubai as I'm not currently there. His girlfriend has a work permit and with her income is able to get a mortgage with my money. All this has happened already and I sent over a very rudimentary document with salient facts but I was wondering if somebody had…
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Lantern Chasing an Amigo Debt
Hi, My partner had an Amigo loan which I guaranteed, back in 2018. In 2019, I entered into a DAS (Scotland) and was advised at the time that I had to include this amount in my scheme as I was ultimately responsible for it. Fast-forward to 2024 and Amigo upheld an affordability complaint and discharged the loan from myself…
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Loan to pay off car HP - Have I done my sums right?
I owe £19,667.01 on HP car finance which runs until November 2028 then the car will be paid off and will be mine. I got a settlement figure which is currently £17,131.97 - a saving of £2,535.04 in interest if I paid it off now. I think the agreement is 12% APR. I've been pre-approved for a personal loan of £17,000 over 36…
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Finding old loan details - elderbridge/firstplus
hi dies Anyone know how I can find old loan details from firstplus taken out around 2008 (ish). I’ve had a letter from elderbridge saying I’m due a refund, however I keep failing the security check as I don’t have the full details of the firstplus loan. I settled everything around 2015 and have since cleared out all…
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Moved: Help after gambling
This discussion has been moved.
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Early repayment of car finance
Hi I’m about to buy a nearly new car from Audi (6 months old). I’m in the fortunate position to pay cash but the dealership have offered money off and a free 2 year service plan (saving approx £1100) if I sign up for a finance plan. I know it seems sneaky but I fully intend to pay this off within a very short time 1-2…
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Loan settlement and improved credit score
My 25yr old son is selling his car to settle his finance early, with a view to him buying a cheaper car (to run and purchase), using a personal loan. We’ve checked the loan eligibility calculator and the only loans he would be accepted for are 40% apr 😳. Will this improve once he’s paid his finance off and if so, how soon…
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Loans for Home Improvements
I am borrowing from my mortgage provider to pay for a new roof, using a 16 year loan at 4% (fixed for 5 years). My quotes are coming in at between 8 and 12K. Do people normally borrow a bit extra in these situations to have access for contingencies and also just to have some extra cash to spend? I've been approved for 15K…
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Creation Finance not changing payment amount as requested.
We took out a small B&Q account with Creation to buy a bathroom on 0% finance. We were given a £4500 limit but spent around £1000. We've been paying it off for around six months so six to go. This is fine, we can do it no problem. However we have a little spare mid January so I paid off a bit more, it offered me the choice…
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Is it wise for me to move my Zopa PCP to a Tesco Loan?
Zopa PCP Currently £74 a month and a balance of GMFV £9750 in August 2029 9.9% I overpaid to get it to £74 (The monthly interest on 9750) I also pay £25 a month for a service plan. Tesco Loan Offered 5.8% for 12500 £240 for 60 months. Going to use the 2000 to pay off my 4 year service plan which is also running alongside…
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Inheritance tax loan
I dont lose sight of fact that medium term i an probably grateful for most likely inheriting a bit of money, but short term -causes major headache as no money to pay inheritance tax which has to be paid 6 months post death and before can receive any money from the estate ,which is probably 12 months hence only choice seems…
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Loan repayments from my partner and tax
Evening all, I will be lending my partner £20,000 to pay off debts. I have researched how to create a loan agreement and carefully considered whether to go ahead after lots of frank conversations. My remaining questions are on how to organise the repayments of £350 per month over 5 years. Could someone confirm I will be…
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NatWest loans and mitek
Hi all, has anyone experienced issues with uploading ID to mitek after signing loan agreement? I was told to email my id to yourapplication@natwest.com on the 27th Jan. which I have done. Advisor on phone can only confirm “ in progress”
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brother offering to buy the remaining shares of our shared ownership house for us
My brother and sister in law have come into a substantial amount of money. They have no debts or mortgage and have said that they'd like myself and my husband to have the security of owning our house outright. We are 58 and 74 so cannot have a mortgage even though our income is pretty healthy. (4000 a month) We currently…
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Clarification on interest treatment for partial early repayment on fixed-rate personal loan
I’m looking for clarification on how interest is treated on a UK fixed-rate personal loan when making a partial early repayment, as I’ve received mixed explanations and want to ensure I fully understand my position. Loan details (summary): * Lender: M&S Bank (Marks & Spencer Financial Services plc) * Loan amount: £13,000 *…
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Elderbridge (First Plus) Interest Rate
Hi Everyone, I know this has probably said before but i am looking for some advice with regards to the never ending farce that is Elderbridge, i am just looking for a bit of advice on how i can see the end of this never ending loan, my wife and i took out a loan of £25,000.00 in 2006, the balance of the loan just doesn't…
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Personal loan to avoid losing ISA allowance
Dear all, I have finally paid my mortgage and I used about £40k from my cash ISA account. At the moment, the ISA provider is showing me that I can put back £40k however I will lose this opportunity when the new financial year starts (06/04/2026). I was wondering of borrowing some money, likely a personal loan, just a few…
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Voluntary Termination
I terminated a hire purchase agreement on my car………there are no arrears or other outstanding moneys……the lender has informed me they will mark my credit file that I voluntarily terminated the agreement and returned the car ……….can they do that ? Theres no mention of this in my hire purchase agreement
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TSB Loan Settlement (0% Credit Card)
I had a £20,000 loan that is now down to around £13,500 and is 12% APR. I have a couple of credit cards where I have been offered 0% on cash transfers to my bank with a one off 3% fee for 2 years (most of it would be paid off by then). If I pay my loan off I would save around £1,800 in interest and it would only cost me…
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Car Finance Company Check Evans Halshaw
Hi, I bought a car on finance through Evans Halshaw Vauxhall in Borehamwood. I know the registration of the car but can't find any documents on the finance agreement. Does anyone know what company they used for their finance back then or any way to find out? I wrote to my bank for old statements but they said they didn't…
