Resolved Question

The hypocrisy of mortgage lending in the UK?... any advice?

I am currently trying to get a 4/5 year fixed rate deal on a remortgage on £179,00 but I have been told by a mortgage broker that for an individual earning £30,000 I can only get £150,000 meaning that we cannot get a mortgage of more than £150,00 anyway. What are our options apart from staying with our existing lender which is a variable tracker mortgage in line with BOE interest rate movements. Are you in a similar situation. If so, I would like to hear from you. I am so stressed because I am worried rates will go up and we will be forced to take drastic measures for our family.

Best Answer - Chosen by Asker

Tell you mortgage lender that you wish for your existing mortgage to be on a fixed rate asap. You need not remortgage just to do this.Talk to your mortgage lender if you have problems on your mortgage that is you right as a customer.

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Resolved Question

Premium bond or cash isa?

In this and the next few years, which is the better for up to £6000 per Year.

Best Answer - Chosen by Asker

I'm afraid I disagree - interest rates on ISA's are dreadful and just another way of the banks making more out of us at the moment - I advocate premium bonds - but spread them around in blocks - for the short term at least - chance to win without feeding greedy bankers. If rates start rising then put into an ISA other than that - put it under your bed until the banks get their acts together and start treating customers as their owners rather than leeches.

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Other Answers (5)

• The maximum you can pay into an ISA per tax year is £3600 & that is obviously tax free! The amount will increase to £5100 form April or it already is £5100 if you are 50 years+. I don't know an awful lot about premium bonds but I have an ISA & it's a great way to save.
• ISA is by far your most profitable route.

  Source(s):

• Premium bond, don't think this is a good time to tie up cash in an isa as interest rate too low and about to go up.
• Isa with rates going up soon
• 6

Resolved Question

Retirement pension Would you be brave enough to opt for the income drawn known as SIPPS?

given the state of the stock market or would you play safe and buy an annuity with your pension fund? Applies to UK only.

Additional Details

Great answer great wolf

16 hours ago

Sorry Greywolf....Ooops!

16 hours ago

Best Answer - Chosen by Asker

SIPPS are only suitable if you are not dependent on them - you need to have enough income from elsewhere to pay the bills without any drawdown while the stock market is down. And there is a minimum worthwhile investment of between £150,000 and £200,000. You need to hold a SIPP for a minimum of 5 years to get anything out of it. Changing your mind would be expensive.

If you are deciding about your whole pension pot, a SIPP is probably unsuitable.

Watch out for pressure selling of SIPPs by your financial advisor. I know someone who got screwed that way.

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Resolved Question

British pounds £££ promise to pay bearer on demand - I demand to be paid - what happens next?

on British banknotes the is a guarentee which says "promise to pay bearer on demand" does this mean that if I took a five pound note to the bank then they would have to give me five pounds worth of gold - after all thats what the promise means they promise to pay you the amount of gold that the note is worth
would I have to take it to head office to be paid

Best Answer - Chosen by Asker

My banknote doesn't mention gold - just 5 pounds.

The gold standard was suspended at the outbreak of the war in 1914 ... a variation on the gold standard was reintroduced in 1925, under which the currency was fixed to gold at its pre-war peg, although people were only able to exchange their currency for gold bullion, rather than for coins. This was abandoned on 21 September 1931
http://en.wikipedia.org/wiki/Pounds_ster…

I think you might be about 70 years too late to claim gold instead. Anyway, with current high gold prices, five pounds' worth wouldn't weigh down your pockets too much.

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Other Answers (1)

• Technically yes, although these days we tend use coins instead of gold.

Resolved Question

Is pay pal safe? or a bad idea?

i was thinking about buying some clothes online with my remaining christmas money but found out you need paypal to order the clothes, i asked my parents if i could sign up my bank card with paypal but point blank refused because my cousins lost over £17,000 using paypal, is there anyway to convince them that it is safe?

Best Answer - Chosen by Asker

Paypal itself is generally safe, however you have to know what you are doing, know the rules, know when it is a genuine paypal communication & especially know when it is a phishing scam. This is nearly always where it goes wrong, it's fraudsters pretending to be paypal. Never click a link in an email from 'paypal' or supposedly from rather, (or any place you have account/password details) you should open your own new page each time & sign in that way. Otherwise you've likely just passed all your bank/card details straight to the fraudsters to do with what they will. Paypal will always address you by your name. The fake paypals probably wont, & the real one wont send you links to click & ask you to verify details or passwords or threaten to close your account if you don't act quickly.. the fakes will. Always log out of your accounts properly too, don't leave them 'open'.

When using sites that use paypal like ebay, you have to know their rules too & know the risks involved especially when selling.. & use your settings accordingly to prevent certain potential risky buyers.

Make sure your internet connection is secure too for making financial transactions, you never know who could pinch your card details from that (i.e if using wireless)

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Other Answers (7)

• From your point of view as a buyer, paypal is safe. However, I have read many stories of sellers whose accounts were frozen and their money effectively "stolen" because they could not access it, and often there was no explanation offered, just their money kept by paypal. Is it any wonder they are making millions of profit?
  
  You could ask the sellers if they will accept any other form of payment - money orders, postal orders, bank drafts etc.
• PayPal is very safe to use for online transactions.
  PayPal offers a system where if you do not receive your item, or the seller will not give a refund for whatever reason, PayPal will sort it out for you and ensure that you get your money back.
  And only the PayPal user can transfer money to other accounts, there is no way to take money out of an account you do not own.
  
  Have a look on the PayPal website. It should tell you some useful information of how they keep your money safe.
  
  If your cousins lost a lot of money using PayPal, it was probably their own fault. I doubt PayPal would have caused them to lose that much money.

  Source(s):

• ouch! That's a pretty bad sum of loss money. Paypal for the most part is very much safe, it's just one needs to use it wisely and perhaps your cousin got a virus on their computer which made a hacker see what their card information was? Other than that paypal is highly safe. I have bought many things over the years but it's mostly been items i could not really find in my area or for cheaper. Personally, i would not ever use a card to purchase clothes over the interest unless it was a absolute 100% must (which is highly rare). Go to a regular store to buy your clothes and it's way better to use cash anyways.That's my advice. You don't want to get into the habit of using paypal for everything on the internet, i made that mistake years ago because i forgotten about certain purchases that didn't his my account yet n so forth but again...i wouldn't refuse your parents advice. If it was for a book you needed then yes i'm certain they may say ok to that but clothes? not really..go to a regular store for clothes
• PayPal is risky.. I almost lost $1000 on it a few months ago trying to sell something. The "buyer" had hacked into someone's account and used their money to pay me, and then things went south. PayPal took the money back from me (which I hadn't even received, so they took $1000 from my bank). It took almost a month to sort out.
  
  It's not the best way to pay online.
• Ive used it for years and never heard any bad reports till you said that. Personally id use it.
• well, my friend used pay pal and they totally got screwed and their money was stolen... so i'd say no.
• Until I read your question and answers i had never heard of anything bad
  
  Thanks for that

Resolved Question

How to save money...like a plan. Attempted to write one, is it any good?

I have a job in a supermarket but i just blow my whole wage as soon as it comes in on basically a load of s h i t e that i dont reallly need but think i do. then when i have no money left i use my £500 overdraft and when thats all gone i use my credit card. Next wages comes in. It pays off a bit of my overdraft, i take some out to pay off my credit card and the cycle begins again. I never actually reach above minus figures.
Student loan went in and i dropped out of uni so i have to pay it back but not till im earning a right amount (which im not at the moment) so i have plus £500 now.
I get paid end of the month.
How can I save money so i dont end up back in that cycle again, because if i dont make a plan for myself (im clueless) i probably will end up back there.

So, heres my attemptive plan money plan.
£360ish wages per month (once tax gets sorted, currently its like £280 or something because they are wrongly taxing me)
I need £70 for bus/metro pass (monthly one)
I dont pay board/rent.
I need money for going out (every friday night, 2 nights during a week (to the pub))
Money for cigarettes, £5.75 a pack give or take 30p. About 60-80 a week.
Makeup is also needed...and hairdye....and haircuts. so about £70 since i dnt need to replace all makeup every month. if i did i'd be too broke for even cigarettes.


I really dont know where the rest of my money goes. Pocket money to myself i guess for spending on the rest of the crap i dont need. How can i save...should i put money in a tin or something because seriously i cant keep it in my pocket or in my bank, i just spend it on anything and everything.

Additional Details

Clothes i dont even count in that because i dont know how much i spend on them i just impulse buy constantly. im also addicted to internet shopping for anything and everything using my credit card. must be about £200 a month though, easily.

Pub...i havent actually ever added up how much i spend in the pub.
approx...erm...oh god this is shocking to say but approx £40 a week in the pub...on a very good minimal week.

2 days ago

Best Answer - Chosen by Asker

I think it's more to do with financial management than planning to save, but both works lol

it's great that you put things in monthly terms; less hassle and more analysis:

Btw, if you can, get an annual bus pass - cheaper by £60 I think.
I don't think 60-80 cigarretes a week is helping your finances or your health. Self control is really an issue for you isn't it?

Wages: £360

Pass: £70

Cigarrettes: 20 a pack so you need 3-4 packs a week which makes it 12 -16 packs a month
that means you spend £69 - £92 a month

Make up is £70 a month

So far, you are looking at:

Wages: 360

Costs:
Pass: 70
Cigs: 92
Make-over: 70

What you have left: 128 (that is somewhat more than you spend on cigs, bravo)

Ideally you should be saving 20% but a minimum of 10%
In other words, £72 - £36 goes into the kitty
that leaves you with £50 - £92 to go out

If you do go out, you are realistically looking at £5 spending money (which is less than 2 pints, but a couple of drinks is fine), or £10 per week.
If you are serious about saving money, then either go out once a month (£40 per occassion) or cut back on your spending and go out twice a month.(£20 per occassion)

that is, if you don't spend it on the 'crap' you don't need.

With Nationwide, they pay 4.75% post tax on their 5 year e-bond and charges you if you take money out (tbh, a 2 year e-bond would probably be more worthwhile if the bank rate increases within that time). If it's really a bother, then invest the money in glits or something so you wouldn't get your hands on it.

Hope this helps

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Other Answers (3)

• DRINK MORE BEFORE YOU GO OUT TO SPEND LESS AT THE PUB, OR JUST GO OUT LESS.
  
  SMOKE LESS.
• Well - how much do you spend in the pub? There is a big gap between your income and the expenditure you listed - so the money is going nowhere.
  And I notice that you don't have any plan for spending on clothes, and they don't come cheap.
  Have you got a bike? Maybe you could cycle to work, if it's not too far as transport is expensive. But you'd have to think carefully about that as you may end up spending just as much on the bus/metro to go out as you do on the monthly pass now.
  
  You certainly need some discipline in your saving. So, maybe a jar would help. However, if you save loads of coins DON't then put them into one of those counting machines in the supermarket as they really rip you off. You should be able to pay coins into your bank account - or open a savings account which you can't access through a hole in the wall.
  
  Just a few ideas to help you.
• You have started to do the 'right thing' .. working out where the money is going is something that many people are too stupid to ever think of ..
  
  Having seen where it's going I'm sure you can immediately spot some area's where you are being less than clever ..
  
  Smoking is something that only rather silly people do these days .. . next time, instead of buying a packet of 20, why not set fire to a £5 note ???? It will be good fun, cheaper (by 75p) and less damaging to your health ..
  
  You may feel that you have to keep going because your 'peer group' (friends / hangers on) all smoke .. well, perhaps it's now time to leave them behind....
  
  People who run up debt are only slightly less silly than those who smoke .. so that should be your next target (no more Credit Card).... get a Debit Card, cut up the Credit Card (they work much the same, but a Debit Card deducts straight out of your bank account == and if there's no money the Card may 'bounce' - after the first time you get told at the till 'Sorry your Card has been Refused' you will learn not to overspend ..
  
  Once you have eliminated your CC debt, the next step is to eliminate your Bank Overdraft ... after you have paid it off, ask the Bank to reduce it to £100 .. and then to £0.
  
  
  Once your finances are on a sound basis you need to start thinking about your future ..
  
  Look around at work .. are there any OLD people working at the same job as you ????
  are they happy ??? do they look 'well off' ???
  how do you think you will like it, in 40 years time, if you are still working at the supermarket ???
  
  It's a pity you dropped out of Uni (this is a very good place to meet the sort of people who can help you in the future .. rather than the sort of smoking drunks who will only hold you back) .. it's going to be very difficult (but not impossible) to get promotion / better job without some qualifications = see if the Supermarket has some sort of Training Scheme you can get onto .. and perhaps you could take up Evening Classes ?

Resolved Question

Can I still get a mortgage?

Me and my partner are first time buyers, I have been in remission from Hodgkin's Lymphoma (Blood cancer) for roughly 3 months. I'm just planning my future for the time being but wanted to know what I can plan for. Insurance for myself (such as travel) has increased greatly since I was diagnosed but I wanted to know if it would be the same for mortgages? could I still get an affordable deal? or will banks be reluctant to give me a mortgage based on my medical past?

Best Answer - Chosen by Asker

Your medical past is not questioned nor a past of a mortgage. I sure hope you are doing ok.

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No other answers.

Resolved Question

Uk paypal money not in account?

ok so i sold something on ebay back in december on monday i took the funds out of my account. But on paypal it is completed but it is still not in my bank account and i went on my online account and not in the payments recieved and deducted. Anyone know what the problem is? It says it was completed on Wednesday on paypal

Best Answer - Chosen by Asker

Paypall can take a long time for payments to clear. I bought something off ebay but sent it to the wrong Paypall account. I took it back from that account after clarifying with the person that it wasn't theres and it took a longggg time for it to come back into my account. I was afraid for a while that it wasn't coming back :S just stick it out, if it's not back in a week or so then maybe you can contact them

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Other Answers (2)

• When you sell something on EBAY and the buyer pays you in Paypal, the money stays there. It does not transfer to your bank account unless you request it.
• No, but try contacting paypal i'm sure they can help

Resolved Question

Paypal money help, many thanks everyone - withdrawl?

Hi everyone,
I wondered how long my paypal withdrawl to my bank account will take. i clicked the withdrawel button on the 14/1/2010 around lunch time and it says it will take 2-3 days dependant upoin bank (im with barclays) how long should this take to get into my account? will it be in my bank for monday or tuesday?
many thanks and regards in advance

Best Answer - Chosen by Asker

PayPal state: Withdrawals take two to three business days to post to your bank account

You cant count Thursday as that is the day you requested it and you cant count Saturday or Sunday

So day 1 will be Friday day 2 will be Monday and 3 will be Tuesday

So I would expect it to be in your account Monday or Tuesday....

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Other Answers (2)

• I wouldn't expect it until Wednesday or Thursday of next week.
• mine takes five days but all banks are different,im with halifax

Resolved Question

What is the cheapest and most legal way to draw up?

a will , thank you

Best Answer - Chosen by Asker

You can buy packs in stationery shops which contain all the legal stuff you should need. If you will is even ever so slightly complicated though, just go to a solicitor and get it done there. This obviously isn't as cheap, but it's legally more secure. The thing is, if someone has a dispute with the way your will is worded or there are any ambiguities, then the will could be declared void. This obviously won't worry you at the time - you'll be dead! But therein lies the problem - you can't explain what you "really" meant once you're dead. That's why going to a solicitor could be a much better idea. Ring around a couple of solicitors and ask for a quote. It'll probably be £100, which might sound a lot, but at least it'll be right!

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Other Answers (2)

• Stables Office supplies and they have self made wills
• Go to http://www.legalzoom.com
  They might have some inexpensive forms for you

Resolved Question

Student Loan - is it worth make additional payments?

I have a student loan of just over £10,000. Is it best to make additional payments on top of those that automatically come out of my wages? At the moment the amount that comes out of my wages is slightly less than the interest added to the loan each month, so I'm thinking I should make additional payments to clear it quicker.

But then again, I don't know whether I am better off just putting that money into my ISA account where I can gain greater interest. I currently have £12,000 in my ISA so I get quite nice returns on my savings.

Additional Details

I have no other debts - no credit cards, no mortgage, no car, etc.

3 days ago

Best Answer - Chosen by Asker

Pay more on the loan. Interest rates may be low now (which gives you a great opportunity to get the total debt down faster) but if they change, they will only go up, and perhaps skyrocket. When that day comes, you will be very relieved that you had paid upfront and your loan will be smaller (or gone altogether).

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Other Answers (3)

• It really just depends on the interest rate you pay and your overall financial situation. If you have higher-interest debts, it's better to pay those first. For example, my student loan APR is less than three percent, so it makes more sense for me to put additional payments towards my house or credit cards.
• The interest rate on your loan is probably better than that on your bank account. Pay down the loan.
• try money expert.com.. he has a comprehensive info on when it's best to make additional payments etc. I heard this on the radio, i think he said not to, as they are the cheapest loans around

Resolved Question

Trying to de-clutter - How long to keep old bank statements for?

I am a part-time working mum so I am in receipt of some benefits, so how long do you think I need to keep my statements for (should there be any queries from DWP)?

What about credit card statements

Additional Details

Hi derulz, I think my bank charges for back copies of statements though, so if i want old copies I'll have to pay (if i remember correctly)

4 days ago

Best Answer - Chosen by Asker

Around two to three years. Make sure you shred them, and ideally put the shreddings in a compost bin for safe disposal.

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Other Answers (6)

• Disagree completely with previous answers.You should keep both for at least seven years. That is because of the Statute of Limitations Act, which, among other things, means you can be chased for any debt which is less than six years old. Same with queries.
  In business, we kept all bank statements and invoices for ten years. In retirement I do the same with bank statements and keep credit card statements for seven years.

  Source(s):

• I haven't received either type of statement in the mail for years. I do all my financial transactions on line. My bank allows me to go back about three years to view anything that's happened to my accounts, and I think it's an easy matter to request information from them that goes back even further than that.
  
  If you worry that the bank's Web site might somehow suddenly shut down and lose all your data, then just download and save a copy of your financial records onto your hard drive on a regular basis. There's no need to have any of those pieces of paper in your home.
• To be honest, you don't need to keep them at all.
  They are there for your reference. I look at mine, then rip them up and throw them away.
  If you ever need a statement with a list of transactions and stuff then you can request one from your bank at any time.
  No need to keep any of them.
• Most businesses keep their financial records for 7 years, but personally, I shred mine every three/four years.
  
  I think it just depends on how secure you feel about disposing of them.
• I dont even get bank statements delivered anymore - I do all my banking on line and if I need one for reference I just print it off.
• DWP have everything on file so get rid of the clutter

Resolved Question

Paypal has got my wrong credt card details. what can i do? i cant buy anything bacause of this.?

every time i try to buy they have all my details right but the last two numbers which are shown of my credit card do not corespond with any that i have ever had.

Best Answer - Chosen by Asker

You should be able to go in and add a new card. Once you've added the correct details you should be able to delete the wrong one or select the new one as your primary card.

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Other Answers (2)

• when you login the 'MY ACCOUNT' tab will be open with the 'overview' tab under that on the far right of that you will see 'profile',
  when you hover over 'profile' you will see the option "add or remove card",
  first add your correct new card details and then remove your old ones!
• Go into your account and change the card details.

Resolved Question

Anybody else had their appeal against being taken off Incapacity Benefit accepted?

Anybody else had their appeal against being taken off Incapacity Benefit accepted?
Hi, just wondering if anyone else has ever had their Incapacity benefit appeal accepted. My wife and I just had our appeal accepted by a Doctor and a Lawyer at a local Tribunal. We are over the moon and I'd just like to tell people that its well worth the effort if the same thing happens to you. Apparently its happening to a lot of people lately and it appears to be a government "witch hunt" of sorts. Many people are telling me that benefit payed medics are basically writing people off their Incapacity benefit and blatantly giving incorrect information on medical forms (as was the case with ourselves).
However, after six months of being messed about unnecessarily, we are back on incapacity benefit.
(ha ha - nice try assholes)
Anyone else had a similar experience?

Best Answer - Chosen by Asker

nice one, GB Limited 0 The People 1

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Other Answers (1)

• Well done you and your wife - you've been tested at tribunal and found to be right - so you clearly deserve your benefits and you're right to share your experience.
  
  However - I make no apology for a system that tests people that are in receipt of benefits long-term. I am sure you are aware that for every genuine case such as yourselves there's someone freeloading and swinging the lead - and I'm paying for it. It also means there's less money in the pot for genuine claimants such as yourselves.
  
  I don't think it is a witch-hunt, more of a case of kicking the backsides of those who are taking the mickey out of the system and seem to think that the money they are "entitled" to is conjured up from nowhere, probably because they've never paid any tax in their lives.
  
  (again, this isn't you, by the way, your case is clearly genuine and good on you for proving it!)

  Source(s):

Resolved Question

Why is is costing money to withdraw cash from atm machines (UK)?

i have a debit card and recently i wanted to withdraw some cash from an ATM / hole in the wall

it said that it costed £1.80 per transaction which i had never had to pay in the past.

Is this some sort of new rule? and does it only happen with some machines?


10 points for the best answer!!
Thanks x

Best Answer - Chosen by Asker

The major banks/building societies don't charge a fee for withdrawls, even if you are with a different bank. However, there are various independent operators who operate cash machines, usually found in places such as pubs, small shops, petrol stations, hotels, etc. who do add a charge for using their service. All cash machines will warn you if they charge.

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Other Answers (5)

• Some ATM's are not affiliated with a specific bank as such and are a private company therefoe they charge these fees as there business. However all ATM's let you know if there is a charge first and lots of the better ones(attached to a bank) advertise on the screens no fees. Its just worth getting used to which ones you can use fee free and which ones you should steer clear of.
• Watch out, there are more charges about! I bank with the Ulster Bank and they have already informed me that I will be charged if I use an ATM that is not affiliated. It is typical! Banks can tell us about their unfair charges and we have absolutely no say. They are helped by government "watchdogs" that are about as much use as sick puppies.
  Banks are gloating over their extremely narrow victory in the Supreme Court at the moment, watch this space round two is coming up shortly. Confused? Visit www.moneysavingmatters.com and read all about what people are doing about it.

  Source(s):

• Which did you use, a bank one or the ones in the shop?
  
  The ones in a shop always charge, bu the bank ones I have never been charged.
• Some banks allow use of only ATMs in their own branches free, and some charge for the service anyway. Ask at your bank, and make a mental note of which ones are free.
• If the machine is not part of your bank network they will charge a fee. It should tell you on the atm if there will be a charge

Resolved Question

Is it illegal to open someone elses mail...? UK?

in the UK is it illegal to open someone elses mail, regardless if it is delivered to the wrong address. and what if it has Private and Confidential on?

Additional Details

also if it is illegal what is the penalty?

4 days ago

Best Answer - Chosen by Asker

Yes it is illegal to open other peoples mail.

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Other Answers (7)

• Definitely,it's illegal to open any one Else's mail, private and confidential or not. You should write return to sender or not at this address on the front of the envelope and put it in a post box.
• Probably not if it was necessary to ascertain a forwarding or return address.
• It's illegal. Return it to the post box marked 'delivered to wrong address'.
• the question is: will thy find out?

  Source(s):

• if not ilegal its immoral
• Yes I believe it is, and not a very nice thing to do either.
• yes it is

Resolved Question

Hey,any of you guys,used or had dealings with a finance company by the name of `Loanfinder?

Please just informative replies,positive or negative,Im just after some input regarding reputation and service,or if anyone knows of a legit A+ lender for a fair credit rating (not high street) loan.
Dont need telling off about risky loans. There not the answer and all that jive.I know.
Thanks.muchos muchos.

Best Answer - Chosen by Asker

I understand Loanfinder to be OK but you have to understand that they specialise in providing solutions for those with a bad credit history and unsecured loans at that which is not easy in this current climate but I believe they do it pretty well.

There are many alternative unsecured bad credit loan providers you can find most of the main ones (including Loanfinder) here: http://www.badcreditloansdirectory.co.uk/

As you have a fair credit rating then, good or bad, perhaps Loanfinder is not right for you - as I said, I believe their speciality to be bad credit loans.

Have you looked at Real Personal Finance, Yes Loans or other brokers specialising in unsecured loans - http://www.badcreditloansdirectory.co.uk/Unsecured-Loans.php

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Other Answers (3)

• I am Mrs Mary Kent,currently living in New jersey city,USA.I am a widow at the moment with three kids and i was stuck in a financial situation by may 2009 and i needed to refinance and pay my bills.I tried seeking loans from various loan firms both private and corporate but never with success,and most banks declined my credit.But as God would have it,i was introduced to a man of God a private loan lender by name Mr Mikel Locke who gave me a loan of $50,000USD and today am a business owner and my kids are doing well at the moment.So dear,if you must contact any firm with reference to securing a loan with low interest rate of 3% and better repayment plans and schedule,please contact Mr Mikel Locke.He doesn't know that am doing this but am so happy now and i decided to let people know more about him and also i want God to bless him more.You can contact him through his email at mikellockelendingfirm@gmail.com
• loanfinder will charge you £59 to look for a loan and you may not even qualify. They will set up a direct debit to your account. Don't give them your details
• I highly recommend Payday Relief. They have the lowest interest rates in the nation.
  
  Check them out:
  
  http://tra.kz/loan
  
  Cheers!

Resolved Question

Have you had problems with Western Union?

I wanted to send money (£160) from Switzerland to England. The receiver's address was on an e-mail. The woman at the desk warned me (I'm a little old lady) that I should be careful when sending money requested by e-mail. OK, fair enough, but I said it's my money and it's my risk. She refused to make the transaction.
This is not the first time I've had problems with Western Union in Switzerland. Since it is probably the most expensive method of sending money in the world, I would normally avoid it, but sometimes it is the quickest way.
A friend, who went abroad before his salary had arrived gave me power of attorney to withdraw money from his account and asked me to send it to him via Western Union. I was asked if it was 'my' money and I truthfully answered, 'No. It's his.' On this occasion they also refused to send it. The next day I asked a friend to send it, warning her to say, 'Yes, it's my money.' No problem.
On another occasion a Turkish friend wanted to send money to his wife in South America. Western Union refused to do the transaction (about Swiss Frs. 1000). I said, 'OK, then I'll send it.'
'We can't do that.' 'Why not? The money is in my handbag, not in his wallet.' After a long and somewhat heated discussion, they agreed that I could send the money.
Is this a Swiss problem or is it a general Western Union problem?

Additional Details

I am well aware of the risk. My point was that it was my money and I was prepared to take the risk.

4 days ago

Best Answer - Chosen by Asker

Yes, I have had problems with Western Union but not the same as yours. Someone else, not the intended recipient, collected the money and I suspected the number code may have been advised via Western Union itself. I wanted to know who collected it, and what ID they presented (preferably with a photocopy) but they refused to assist in any way, saying these details were protected by Data legislation. I have never used their service since.

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Other Answers (2)

• Western Union is often the method of payment scammers request, perhaps they are being cautious.
• I have a piece of land called the Pacific Ocean I'd like to sell you!

Resolved Question

If you found a bag full of paper money 1,000.00 notes would you keep it?

if you found a bag full of paper money 1,000.00 notes would you keep it? and it has no ID with it. what would you buy?(from the states)

Best Answer - Chosen by Asker

I'd turn it into the police. If its not reported in a crime and no one claims it, in so many days they will give it back to you. That way I won't be in any trouble and maybe if someone does claim it they will give me a small reward.

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Other Answers (4)

• no
  every single $ has a number
  You are going to go to the bank deposit the money
  how about if they have the numbers of $$$$$$$ recorded somwhere that they were stolen ?
  They going to put you to #### or you will have a lot of expl to do

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• Yep, I'd put it all in my bank, but give loads to charity to make up for it. lol. I know that's wrong, but no lie.
• I'd take it straight to the US Treasury or FBI seeing as they haven't been legal tender since Nixon signed off on them in 1969. So anyone trying to pay them in would be arrested straight away.
• Ever wonder how people end up in prison?
  
  This is how to do it.

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Resolved Question

Can a mortgage lender,ask your bank for details of your earnings ?

ie.ingoings/outgoings, or must they except your word ?

Surely a bank can only answer to you ? unless it was a Police matter.

Best Answer - Chosen by Asker

They cannot ask without your written permission. Whether they accept your word or not is entirely up to them.

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Other Answers (4)

• 1-the only info teh bank will able to provide is your deposit amounts, not your gross pay - how would anyone besides you or your employer have access to your payroll information?
  2-most mortgage companies require you to provide a couple of recent bank statements,anyway, which would have the exact same info as they would get from a bank, as well as requiring you to provide a month's worth of paystubs
• most mortgage lenders will not ask for income confirmation from your bank, but they will ask your employee, in which what this really means is that you will have to provide a letter from your work that indicates how much you a make, or a recent paystub.
• They can ask you anything that they want.
  
  You can refuse to answer and they can decline the loan.
• Of course they can ask that info!! They do not have to ACCEPT your word for anything.

Resolved Question

Could this plan work to make me a multimillionaire by at least age 30? Please help advise. Thanks?

Currently I am 18 years old, I have £3,000+ and going up all the time. I have practice and live experience with trading Spot-Forex and have returned as much as 507.45% within 1 month with my practice account but with my live account, I think I can handle the emotion anyway and can do as well. I have also read many books on investing in the stock market also.

If, say, I trade spot-forex and make money that way, perhaps a few thousand every so often, and invest that money into stocks I've researched thoroughly and that have very high growth potential that are most likely sure things to invest in and it grows from age 18 to age 30 and I repeatedly do this over and over again for the 12 years from age 18-30, also if I become an internet entrepreneur and grow them using some of the spare money I make, could I become a multimillionaire by age 30? Is this a realistic plan?

Best Answer - Chosen by Asker

I have dallied with Forex and commodities, both spot and real, 500% a month is an unrealistic target, but 50% which is reasonable will make 3k change into 300k in around a year.

however, the bigger the investment, spot will no longer be feasible, since you will run into tax issues and become a market maker.

if you choose to pocket some aside and invest it as you said, 2k a month* 144 =300k with an incremental investment rate of say 10% in a decent growth stock collective. will mean more than a million in 12 years. See what you should understand is 2k a month from 4k in spots sounds easy but form personal experience it takes 10 hours a day, which means you wont be able to hold a decent job, or a decent education. however a million in 12 years is as good as 730k now more or less

10% growth monthly, for a year = 3 X original investment
20% growth monthly, for a year = 9 X original investment
30% growth monthly, for a year = 23X original investment

my suggestion is wait for a few months, look at the market. keep working it see what you end up with and then rethink your options. life is about continuos learning not about fixed plan

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Other Answers (8)

• If there was an 'easy' way to become a multi-millionnaire by the of 30, don't you think that there would be a lot more millionaires around ??
  
  The thing to remember is never risk more than you can afford to lose. If you want to risk and possibly lose your £3k, then go ahead a take the risk... If not, stick it in the building society
• Anything is possible. However, with any investment you should never invest more than you can afford to lose. Many have fallen from a great height with stocks and shares. With high profits come high risks. You just need to bear this in mind. Good luck, I hope you make it, but it comes with hard work, not dreams.
• never heard anybody that make it, stocks is risky business...you could be millionaire or a bum by 30.
• i am going to steal your plan :) and do it before u coz i win!
• Trading live is very different to trading with real money. You might think you have your emotions under control - but you won't know that until do it for real.
  
  It also takes you average trader about two years before they consistently make money and about 85% of people that try, don't make any money at all.
  
  It is theoretically possible to make millions trading FX, but very few people do, largely because of the psychology behind trading.
  
  What is more realistic is that you could plan to make a reasonable income from trading FX, if it turns in to millions great, but a steady return with controlled risks is much more achievable.
  
  I doubt it any trader would make 500% returns consistently. 5-10% per week is much more realistic.

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• Taking risks for real is a lot different than taking risks for fun it is also a lot harder when you are gambling your own money rather than that of a banks clients and customers .Huge gains can be made trading stocks but also huge losses .Don't forget the entire banking network nearly collapsed and that was down to over ambitious gambles by the banks.
  Gambling and winning when all you are losing is £3000 is fairly easy but it gets harder when it becomes £30,000 and stress levels really become mountainous when you start gambling £300,000.Then you get to 29 years of age and decide on one more sure fire gamble and end up losing £3,000,000 on the fickle hand of fate and the stock market.If you are half as good as you think you are you could work for an investment bank and be a multi millionaire by the time you are 21 just by pocketing your commission and bonuses and there will be no risk of you losing all of your own money.
• The Internet is a great place and full of opportunities if you know how to use it. you can have everything you want in life, if you will just help enough other people to get what they want ! so i would like to share this with you. because i just join and i have earned USD36.00 for less than 2 week. i will stop my full time job once i get my passive income. dont worry , it is not scams as many people already join the program.
  
  http://e-income.ws
  http://my-money-online2u.blogspot.com/
• Sure, your plan is feasible. It'll take a high level of discipline and some luck though.
  You may want to adjust some of your goals and plans to reflect a bigger picture of long term wealth. Being a multimillionaire by 30 would be great, do get me wrong, but there is life after 30 and if you make a few quality decision between now and then you'll be able to have monthly income without lifting a finger even if you aren't quite the multimillionaire you'd hoped to be.
  
  Keep in mind that at some point you'll want to diversify your investments. The stock or commodity markets will not always provide great returns. My suggestion would be to build enough wealth to buy an investment property. If you can pay the mortgage/loan payments with the rental income you're building equity for free and once the property is fully paid for you'll have that monthly additional cash flow. This is called passive income -- income that you don't have to work for. It's the best kind. And real estate is nearly always a good investment over the long run. Despite the fluctuations in the real estate markets recently, homes are still selling for 100X (or more) what they did 30 years ago.

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