Success with future finance

Watch
Peace24
Badges: 13
Rep:
?
#1
Report Thread starter 1 month ago
#1
Has anyone had a positive outcome with future finance? And do you know of any organisations similar to it?
0
reply
vicoria86
Badges: 9
Rep:
?
#2
Report 1 month ago
#2
(Original post by Peace24)
Has anyone had a positive outcome with future finance? And do you know of any organisations similar to it?
following hope you dont mind
1
reply
Peace24
Badges: 13
Rep:
?
#3
Report Thread starter 1 month ago
#3
(Original post by vicoria86)
following hope you dont mind
No problem at all😊
1
reply
Final Fantasy
Badges: 20
Rep:
?
#4
Report 1 month ago
#4
(Original post by Peace24)
No problem at all😊
Can you elaborate on what Future Finance is exactly, that way I can let you know if I've worked at similar organisations. I've worked in a lot of different sectors so might be able to help.
1
reply
GabiAbi84
Badges: 21
Rep:
?
#5
Report 1 month ago
#5
(Original post by Final Fantasy)
Can you elaborate on what Future Finance is exactly, that way I can let you know if I've worked at similar organisations. I've worked in a lot of different sectors so might be able to help.
It’s a “private student loans company” with about a 20% APR.
You pay smaller amounts when studying and then larger amounts once you’ve stopped.
Last edited by GabiAbi84; 1 month ago
1
reply
Final Fantasy
Badges: 20
Rep:
?
#6
Report 1 month ago
#6
(Original post by GabiAbi84)
It’s a “private student loans company” with about a 20% APR.
You pay smaller amounts when studying and then larger amounts once you’ve stopped.
I see. I've done Scottish Widows, Black Horse Finance / Lloyds but these didn't involve student loans. I can discuss it from an IT / engineering perspective - I don't think it really differs with the systems in place as these are just classed as different 'products' internally, but not sure what the OP is actually after.
0
reply
Peace24
Badges: 13
Rep:
?
#7
Report Thread starter 1 month ago
#7
Yeah I am looking at taking a loan but from none government organisations
0
reply
Final Fantasy
Badges: 20
Rep:
?
#8
Report 1 month ago
#8
(Original post by Peace24)
Yeah I am looking at taking a loan but from none government organisations
In that case, not really sure. If I was approaching this from your perspective I'd probably do a lot of research and look at the official websites, what they have to say etc. and then check out independent reviews to get a better idea of their service.
0
reply
Peace24
Badges: 13
Rep:
?
#9
Report Thread starter 1 month ago
#9
(Original post by Final Fantasy)
I see. I've done Scottish Widows, Black Horse Finance / Lloyds but these didn't involve student loans. I can discuss it from an IT / engineering perspective - I don't think it really differs with the systems in place as these are just classed as different 'products' internally, but not sure what the OP is actually after.
Are the companies you mentioned government based?
0
reply
Final Fantasy
Badges: 20
Rep:
?
#10
Report 1 month ago
#10
(Original post by Peace24)
Are the companies you mentioned government based?
No, they are not. I've only worked in private.
0
reply
Peace24
Badges: 13
Rep:
?
#11
Report Thread starter 1 month ago
#11
(Original post by Final Fantasy)
No, they are not. I've only worked in private.
Ah ok thanks. Sorry I missed where you said that they don't provide student loans... I will have another look at other companies. Thank you
0
reply
Final Fantasy
Badges: 20
Rep:
?
#12
Report 1 month ago
#12
(Original post by Peace24)
Ah ok thanks. Sorry I missed where you said that they don't provide student loans... I will have another look at other companies. Thank you
They certainly provide loans to students, but it's probably different to the ones provided by the government.
1
reply
bradleyadamson
Badges: 3
Rep:
?
#13
Report 1 month ago
#13
(Original post by Peace24)
Yeah I am looking at taking a loan but from none government organisations
Why?
1
reply
bradleyadamson
Badges: 3
Rep:
?
#14
Report 1 month ago
#14
(Original post by Peace24)
Yeah I am looking at taking a loan but from none government organisations
Why?
0
reply
Surnia
Badges: 19
Rep:
?
#15
Report 1 month ago
#15
Read this:
https://www.google.com/amp/s/www.thi...ng-double.html
0
reply
ReadingMum
Badges: 18
Rep:
?
#16
Report 1 month ago
#16
ouch!
0
reply
Jack22031994
Badges: 21
Rep:
?
#17
Report 1 month ago
#17
I wouldnt go near them with a barge pole
0
reply
ch0c0h01ic
Badges: 18
Rep:
?
#18
Report 1 month ago
#18
(Original post by Peace24)
Has anyone had a positive outcome with future finance? And do you know of any organisations similar to it?
Avoid at all costs.

APR of 19+% and other product fees means that you will repay double what you originally owed (if not more) over a 5 year period (eg; you will repay £20,000 for a £10,000 loan - can you really afford that?).

Interest rates are at historic lows - you should be able to secure a far better deal elsewhere via a high-street bank or building society. If not cut your costs, borrow from a family member and/or get a job.
1
reply
Final Fantasy
Badges: 20
Rep:
?
#19
Report 1 month ago
#19
(Original post by ch0c0h01ic)
Avoid at all costs.

APR of 19+% and other product fees means that you will repay double what you originally owed (if not more) over a 5 year period (eg; you will repay £20,000 for a £10,000 loan - can you really afford that?).

Interest rates are at historic lows - you should be able to secure a far better deal elsewhere via a high-street bank or building society. If not cut your costs, borrow from a family member and/or get a job.
I don't understand why they can't just apply for student finance instead? That's what I did and after I started working I barely noticed the amount coming out of my wages.
0
reply
ch0c0h01ic
Badges: 18
Rep:
?
#20
Report 1 month ago
#20
(Original post by Final Fantasy)
I don't understand why they can't just apply for student finance instead? That's what I did and after I started working I barely noticed the amount coming out of my wages.
It depends on parental income, where you're studying and your standard of living.

If you don't qualify for full funding and you're studying in an expensive part of the country, then your maintenance loan might not cover your rent (let alone living expenses).

I can remember being left with £5/week for bills and living expenses when I was a student (some years the picture was far worse) so you had to use your savings, 0% student overdraft, borrow from family, get a part time job, etc.

However there are also a lot of students that live beyond their means with flashy phones/laptops/cameras, out drinking and socialising multiple times per week, etc.
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Following the government's announcement, do you think you will be awarded a fair grade this year?

Yes (489)
51.69%
No (457)
48.31%

Watched Threads

View All