Q. Question?
Been authorised a loan for Home Improvements but now wish to use the money to buy and investment flat, i intend to rent out is this ok?? Do i have to tell the lender ?? in UK!!
A. Best Answer: It's quite unusual to specify what the loan is to be used for, UNLESS it will add to the lenders 'security' in some way .. so I ASSUME that the lender has agreed to lend against the FUTURE value of your house, AFTER THE IMPROVEMENTS ????
If so, you have a problem :-)
Q. Question?
IN the last 5 years i have had 3 credit cards,a store car a £2000 loan, an overdraft of
£1500 which hasn't been used for 18 months, and regular bills i.e sky, mobile.
i have never missed a credit card payment,loan, or any other. in the last year i have finished paying my loan, and payed off all 3 credit cards! last week My girlfriend and myself have just purchased a house with the help of some inheritence, ( £40000 deposit on a £160,000 house) when i applied for a loan of £8000 for home improvement i was turned down flat (not even offered a higher interest rate) and now i have been turned down for finance at Harveys furniture store?!?! I am in full time employment and my incomings do and will exceed my outgoings! i really do not understand why i suddenly won't be touched by lenders? any help would really be a help to this confused 25yr old man! thanks
So in my opinion seeing as the lenders were willing to give me a loan and 3 credit cards in the first place, and i have never missed a payment since and all outstanding debts are paid my credit history should be fine. i have checked and my identity has not been stolen..so im mystified!
A. Best Answer: ?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - buildcredit.ifastnet.com
Q. Question?
i have a loan which i took out in jan 09 .
the loan was for home improvements, at the time i was working in the construction industry and was earning very good money.
the loan was for £20,000 but with the interest it is now at £22,000.
i was made redundant in april 09 and have paid my monthly loan payments back with my savings as i have not been able to find any work.
my payments have been £485 per month but now i have no savings to pay the loan payments and i only recieve £256 per month , which is for job seekers allowance.
once i pay the gas , electric, water rates , tv licence , i only have £75 per month for food etc so i am now not in the position to make a £485 payment , i have tried to talk to te bank but they said i have to make the payments.
how can i make the payments , you cant get blood out of a stone, i would try to pay them £30 per month, as i am not trying to avoid the fact that i borrowed the money.
the loan is with the hsbc bank and i never took out insurance for redundancy as i was in a great position with work and could never of imagined that my company would ever go bust.
what will happen about the payments with the bank as i am being harrast and the next payment is due very soon.
it is not secured against anything but i want some advice on what to do , how can they expect payment , and also they will take my next payment out of my overdraft which is not what i want them to do .
any help would be great ,
thank you
i have tried talking to them and it just doesn't seem to sink in , that i am out of employment ..
if they take me to court the court will see that i am trying to make payments even though they may only be small
A. Best Answer: Your situation is like millions of people all over the world. The problem is that the banks don't have leeway to allow you not to pay, even when they know you cannot. They are required by the written agreement, and the structure of their companies to require payment, and when said payments are not made timely, they are then required to take the matter to court. Yes, the court will recognize that you are unable to pay the required amount, but will likewise agree with the bank is not required to take any payment amount less than the agreed amount. Unfortunately, you will have to manage with the income you get and then make any payments you can to the debt.Hopefully things will improve, and sorry I didn't have better news for you.
Q. Question?
little info first. Im on jsa and living in Southampton, hampshire UK! so please NO none UK yahooers answer! only UK residents allowed to answer!
Question 1: How can i contact a Train Operator Company?
Question 2: How do i go about getting the training I need for the career?
Question 3: if i need any GCSE's, which ones, and can i take them at the age of 24?? since i didnt get the chance to take them when i was at the age of schoolage. i was home educated, after the age of 12/13. so i didnt get the oppertunity to take them.
Question 4: How much is the funding for the training?
Question 5: Can i get the funding paid for me?
Question 6: (Q5: If yes), Where can i get the funding, I have a debt under £1,000. and My credit Rating is rubbish atm. so I wouldnt beable to get a loan specifically for career improvements etc....
Thanks, for answering, i may have forgot some other questions, so if you have any other experience or answers, please add it to your answers, would be much appreciated. thank you :)
A. Best Answer: 1. Write to their Head Office. Find out who is Head of Recruitment and address your letter personally to them.
2. You will need to pass the interview(s) and any in-house exams that may be set.
3. You can take GCSEs at any time, possibly get evening classes at a college near you. You will certainly need English and Maths. If you are on benefits you will either not get charged for the course or the BA will pick up the tab, as you are taking qualifications with a view to finding work they will want to encourage you anyway.
4,5,6. If you get accepted as a recruit by the TOC they will arrange your training.
Other points: are you willing to work unsociable hours (e.g. night shift)? Are you willing to travel away from home? Do you have a current First Aid Certificate, because as a rail employee you will need one. Also be aware of random drug tests.
Also your eyesight must be 20:20 and no colour blindness as you will have to read signals at a distance.
Good Luck, it's a worthwhile career.
Q. Question?
I am 21, full time employed and have little credit history. I have a loan for my car but no credit cards or overdrafts.
I have been trying to find a loan of around £1500 over 2 years for home improvements and to pay off my council tax annual bill, but have had my fingers burnt with a broker whom i paid £50 to and got guaranteed a loan only to find the lender needs a guarantor which the broker promised would not be required.
I would like to go direct to a lender, but only seem to be able to find brokers via google.
I have an experian credit score of 757. Do you know of any lenders who have a smooth process?
Many thanks
A. Best Answer: Normally the best place to start is with your own bank.
They are able to assess how much is going in and coming out and very ofter you'll have a better credit rating with them than with anyone else.
Your own bank is usually more personal and if there are any difficulties with repayments are generally more open and flexible...unlike loan companies who can become demanding despite any difficulties you may have.
What you have to watch out with loan companies who deal with "Not so good" credit ratings is your interest rate...Do you really want a rate that is 29.9% and sometimes even higher???
Some of these companies can repair a dodgy credit rating if it's not so good...Other companies will look at how your managed with such a high interest and if you've managed to repay the loan without defaulting..It usually makes you a stronger candidate for a future loan with not so high an interest rate.
One thing to think about though when looking for a loan is how often you apply.
If you apple to different companies for a loan in a short space of time, it makes you look desperate and lowers your credit rating even further...applying to often lowers your rating too..so if it's not too good, it could get worse.
Q. Question?
I am living in the house both jointly owned by myself and my husband. I have a grown up son living with me but he is severely disabled and he can't work. (my son is from my first marriage to my late husband) I work full time and my husband works full time. My husband moved out of the house because of working away long distance. I tried to save the marriage but my husband told me he wanted a separation because he does not love me anymore. We have been married for 4 years and bought the house 4 years ago. From the minute we got bought the house, we both decided that he pays the mortgage and I pay the bills. I took out a home improvement loan of £8,000 to replace the windows and doors with double glazing which adds value. I am paying off the loan which will take 8 years to pay off. He said that I should move out and he takes over the house and puts tenants in the house instead. He is offering me £5,000 to move out and to sign the house over to him, which will make him sole owner and I lose the ownership of house because he pays the mortgage and I never have. I can't get a lawyer because I can't afford legal aid because I work full time. Is this fair offer he is making? I am a honest and reasonable person but don't want to be taken for a fool. Should I move out and sign over the house ownership to my husband for just £5,000? He told me that he does not have to pay me a penny for the house and that he being generous offering me £5,000.
A. Best Answer: You both purchased the property, therefore if both your names are on the Mortgage and deeds, then half the property is yours - full stop end of story!!!
Do not settle (as everyone has mentioned) for the £5,000.
Your husband is being less than generous, and he knows it!
As you work full time are you able to take over the mortgate yourself?
If not speak to the mortgage company and get advise on what you are able to do. They may be able to help you get a new mortgagee and lower the payments by adding a number of years to the end of the mortgage. OK your mortgage payments will be longer, but at least you will have the house.
Another alternative is to look at various house buy schemes, you may not fall into the category but they may be able to point you in the right direction or offer some advice. For example www.ownhome.co.uk.
Also talk to CAB (Citizen Advice Bureau) see if they are able to offer any suggestions? Talk to your local council!
DO NOT GIVE UP - IT'S NOT YOUR FAULT!
Ask your husband since he doesn't want to be with you, why doesn't he move out? If you have the room, you maybe able to supplement your income by having a lodger live in the house.
There are lots of alternatives available, be proactive and positive!!
Good Luck!
:o)
Q. Question?
Hello people,
My name is Alex, I come from Germany and need any helps in revision of my home work.
I learn English and have to make a home work for morning.
As I have a lot of problems with English grammar I would appreciate if anybody can do a correction of my text. And here is it: THANKS A LOT IN ADVANCE:
File F Writing Practice
Write a letter from Glen Christian to the First National Bank of Delaware after the meeting on 15. February. State what progress has been made in fulfilling their conditions for new loan and how you intend to tackle what remains. Don?t forget that you need the money urgently.
Dear Sir or Madam,
Hereby I would like to inform you on behalf of the Management Team of Elliott Industries, that the most points of the condition precedent have been already fulfilled.
To give you a more exact picture about the current situation in the buyout running, I would like to point out the following positions with the indicated progress reports:
Pos.1.0_Improvement of the current finance situation
Progress report: The finance management has been strengthened by the appointment of a new Finance Director.
Pos:2.0_Reducing of negative costs
Progress report: Part of the DIY Division has been sold and the remainder wound up for a book loss of ?350000,-
Pos.3.0_Comprehensive data processing and management information system
Progress report: The new data processing system is being installed but not fully operational.
The vital stock control program will be operational in two weeks time.
Pos.4.0_Alternative source for the key raw material
Progress report: Rudge Pressings Ltd. is ready to go on the market and an offer must be made soon.
As you can see, the improvement process defined under position one?Pos.1.0? and two ?Pos.2.0? have been done completely.
At the present situation we are concentrating on Pos.3.0 and Pos.4.0, because these items are currently open yet.
To save more precious time during the establishment of new data processing information system we decided to implement a new system in stages. This could give us a good opportunity to have a short reaction ways in the fall the system will work wrong. Therefore we created a time table for the project called ?Implementation of data processing information system in stages?, which I enclosed to this letter.
In relation to Pos.4.0 of condition precedent we need urgently your finance intervention.
In effort to provide our company with an assured supply of the key raw materials and to create a financially sound grouping we certainly have to go ahead towards acquisition of the Rudge Pressings Ltd. Therefore I would like to ask you to give urgent attention to arranging the bank loan, as Rudge Pressings Ltd. is already on the market and we are not in position to loss any time.
Based on the current situation creating a reaction finance force I would like to invite your bank?s representatives to visit our company in two weeks? time at latest.
I would like you to come prepared to outline your suggestions to the meeting in relation to the strategy development of Rudge Pressings? acquisition and arrangement of the further bank loan.
To arrange an appointment with us, please, fill you free to contact to my secretary Mrs. Pope.
I am looking forward to seeing you.
Your faithfully
Mr. Christian
Managing Director
Elliott Industries
A. Best Answer: I have the perfect oppertunity for you, I was the same as you at one point, wanting to work from home and stop working for "the man" lol.
Its so good working for yourself.
Visit this blog to help you start working from home.
Hope this helps :)
Q. Question?
I am looking to get a personal loan. Can anyone tell me what activities they won't offer loans for? I'm just curious. I want it for home improvement, but it just got me thinking about it.
ALSO can anyone recommend a low cost loan from anywhere?
A. Best Answer: Home improvements are fine ie kitchen , bathroom or extensions , car loans are harder to get from the bank .I have always found Royal bank of Scotland to have some really good deals .
Also many kitchen and bathroom outlets have their own finance deals , just shop around .
Lots of companies are offering good deals to actually get you to spend your money , you only have to look at DFS and Dreams they are giving interest free with no payment for 2 years .
Q. Question?
I run a home improvement company in the UK. We are so busy at the moment that I'm refusing at least three jobs a day averaging £3,200 a job. I have bad credit due to being made redundant from my previous job and loosing my home so i'm finding it impossible to get a loan. I need a loan to take on more staff, vehicles and tools. Customers will only pay 20% up-front so need cash injection to take on more projects. PLEASE NO SCAMMERS- GET A LIFE
mrsmary it states no scams but still you try???
every person on here that has replied offering a loan is a scam. how pathetic
A. Best Answer: This will get loads of postings from conmen trying to charge you to apply for non existant loans.
If anyone can advise on how to get loans in your situation it will be the citizens advice bureau.