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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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Money Moral Dilemma: Would it be wrong to borrow from the interest on my sister's inheritance?
This week's MoneySaver who wants advice asks… When our mother died, my sister didn't want her share of the inheritance paid into her bank account as she was concerned she'd end up living off it, so I paid it into a savings account in my name, on the basis that she'd let me know when she needed the money for something. In…
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Letter About Old Loan
I got a letter today from Barclay's about a Career Development loan that I took out in 2004. As far as I was concerned, this was all paid off when I was on a Debt Management Plan between the years of 2012 and 2018. I don't remember hearing anything about it since then. We bought a new house using a Barclay's mortgage back…
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Loan Eligibility Checker
Hi. I've gone through the eligibility checker for a bank loan, I have had two different results come up for the same bank. It comes up as 95% chance with M&S Bank but then below it says a 0% chance with M&S Bank. How can this be the case, which is correct?? Help much appreciated asap before I apply and put a mark against…
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repaying too many loans early
So I have had a year of tight finances with events such as car problems and house issues. This has affected my ability to focus on the right way forward and I have made some mistakes. On 4 occasions, I took out a £1000 loan over 12 months. However I worked hard and paid off the loan before the first payment was due. My…
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Novuna
I have received a quote for some new replacement windows. Whilst it is a company that we have used for 20 odd years they were taken over a while ago and are now part of a larger group. They provide a 20 year guarantee. I know from previous experience that where any niggles have occurred in the 10 year guarantee that they…
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best loans to take
Hi everyone, I'm looking into taking out a loan and wanted to get some advice before I make any decisions. I'm hoping to find a loan with a competitive interest rate, no hidden fees, and the flexibility to make overpayments or pay it off early without hefty penalties. I'd also appreciate hearing about any lenders you've…
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MSE Guide: Lending Money to Family and Friends
This is the place to discuss the new Lending Money to Family and Friends guide. We'd love to hear your thoughts, personal experiences, and general feedback. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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PCP End Balloon Payment-Loan to Refinance
My son has a Mercedes C class now 7 years old. Buy out on PCP now is £10800. He has gone over the mileage over last 4 years so if he handed back would have to pay around £1500 for this which he can avoid if he buys the car. Working out best option I guess maybe a car loan over 48 months to clear the balloon payment at…
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Loan advice
If you select other when applying for a loan is it always manually reviewed or can the application still be accepted fairly quickly? The use of loan is for home improvements but also for another use which isn't in the drop down menu so unsure on option selection Also are you better off applying via an intermediary or…
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Loan Choice Help please
Good Afternoon, I'm looking to take out a loan to purchase a new family car. It will be a used vehicle with a maximum spend of £9000 - over a 4 or 5 year period. I have £5000 saved already. The options/dilemma i have is do i take a: 1 - Loan for £4000 out at a higher rate percentage (around 9.5%) 2 - or take out a loan for…
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Jacamo perpetual debt
Hi guys, Really looking for some advice here. I've had a Jacamo credit account for about 10 years (maybe longer). I used to make my purchases and then clear whatever I owed each month. As I was doing this regularly Jacamo kept increasing my available credit limit. Like lots of people, I ran into hard times a coupe of years…
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Loan companies
Please no negative comments What loan companies are there to contact / try, in order to use a personal loan towards a property deposit? I know a lot have this as a restriction for obvious reasons but based on our circumstances it suits us and fully approved by mortgage lender too Please let me know which loan companies…
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Help! Credit Spring
Help I took out an account with credit spring for £300 and im meant to pay it back and a £10 subscription fee. I paid it off early and asked for my account to be closed and they are refusing unless i pay more fee's £40 i believe. I wasnt told about any fee's to stop my subscription and I'm going round in circles with them…
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Is it ever worth taking out a loan if you could save instead?
Hi everyone, I was having a discussion with a friend and wondered what people's views are. If you know you'll need to make a fairly big purchase in the next 6–12 months (car repairs, home improvements, replacing a boiler etc.), would you rather save up first, even if it means waiting, or take out a low-interest personal…
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Loan guarantee
Good morning. I ran the eligibility check on the website to see if I qualify for a loan. Got given a 8.4% APR, but I had to click car purchase as an option. Agreed to it, went ahead and on the lender's website, there was an option under 'Other' of 'Purchase another vehicle'. I am getting the loan to buy a motorcycle. My…
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Need a loan from somewhere but not sure which source
Problem: Hi, I am presently in situation where for various reasons I will need to borrow £3500 in the next 2 months to afford middle payment instalment for home improvement (unavoidable). I have paid first (nearly £6000) instalment on my usual (high apr) credit card and will pay that off using savings next month after…
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Consolidation
Hi All I’ve got a good credit rating on the face of it, never missed a payment etc. have a few credit cards but only really have a balance on 1 which is around £3500 I had a long term loan with my bank which was annoyingly high interest so in the last year I took out 2 separate loans at a better rate to clear this and…
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Roof Replacement: Wipe out savings, take out a loan or a bit of both?
We've recently found out we need a new roof on the house we bought two years ago (knew there was a catch for it being at least £20,000 cheaper than the other houses that have sold on the street!) We've had a few quotes and thankfully, the most reputable contractor came with the lowest price. The roof replacement will cost…
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Approved for finance but shop out of stock?
Hi all, I found an e-mountain bike I wanted at a well known bike store, on their website. I checked on the website and it said the bike was in stock. I then used their website to apply for finance. I passed the credit check and the finance was agreed. A week later I've received an email saying they're unable to find the…
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Secured Loan
Hey! Trying to consolidate debts as we are drowning at the minute. The only options seem to be secured loans. It’s a minefield as to which broker/product to use. Any suggestions tried and tested? Secured seems to be last resort. HELP!!
