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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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I need a very short term loan
Hi I need a £1500 very short term loan
to cover some DDs going through on Saturday. £900 is going in
tomorrow and £400 on Monday, which is too late. I have several items
for sale on eBay, amounting to £2000-£3000. A £1500 item has
almost sold. I hope to pay down the loan next week. I have no credit
cards and nearly at…
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Advice for credit agreement complaint
Hello All, I'm looking for a bit of advice, perhaps from someone who may have had a similar experience to me, or someone in the know. I have an account with a financial provider, well known, limited company, all above board etc. and Allows me to purchase products and pay monthly over a set period of months, I have used…
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Car Finance - New or Old?
Hi Everyone, I need a new/new to me car. Looking around at the offers and getting a bit confused. Here are my options: Option 1 Buy New 60k Vehicle purchase price / 10k miles per annum 0% interest on PCP £13k downpayment £500 per month Option 2 Buy Second Hand 55k Vehicle purchase price / 10k miles per annum ~10% interest…
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Barclays First Plus Loans interest rates
After 10+ years of campaigning against Barclays FP loan clause fairness the FOS has done a complete U turn and there is now a willingness to find in favour of complainants and for the above to negotiate settlement terms for customers who complained over the interest clause. I have contacted the FOS asking them to review…
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Moneyway Car Finance - Support During Arrears Claim
Hi All, Out of the blue I received a letter from Moneyway owned by Secure Trust Bank to say that they are currently reviewing the support that they offered to customers during times of arrears as they admit that they may not have supported customers as well as they could. A while back I had a £20k car loan eventually…
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Klarna not taking payment after 13 months!
Having an issue with a finance agreement with Klarna. In short I purchased a Canyon bike on a a finance agreement with klarna. The first payment post was taken successfully one month after purchase (1st of August 2024, following purchase on 1 July 2024). However since this date no further payment has been taken. It still…
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Negative equity converted to a loan
Hi, I'm new to MSE but was hoping for some advice/guidance. A number of years ago, I split from my wife and subsequently divorced. We owned a home together with first and second charge mortgages secured against the property. The timing was poor and the combined debt was around £30k above the sales value of the house, so…
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Quid market loans affordability complaint
Hi, I had taken 7 loans out with quid market over a 3 year time frame. The first one was 2020 so within a 6 year time frame. i believe these loans were unaffordable for me and i was on a low wage and already taking out other payday loans ( I was unfortunately by myself with a young child) and got caught in a cycle. i have…
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Letter received from Klarna Final Notice - I've never even used Klarna!
Dont know if this is right place to post mods please move if not! Received a letter stating theyve unsuccessfully tried to contact me regards to an unpaid purchase made in March this year for £124 on pay later credit agreement. Ive made no such purchase and never ever dealt with Klarna, or the merchant (DHGate) before.…
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PCP - Is this the right way to use this overpayment calculator on MSE
£22600, 9% APR, 4 Years, £390 Payment, £9688 GMFV Zopa allow overpayments, anytime, and recalculate monthly every time, and I have checked, if I continued, at some point, it eats into the GMFV. https://www.moneysavingexpert.com/mortgages/mortgage-overpayment-calculator/ When I have inputed the figures and just kept a £250…
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Updraft/ ACI predicament
I had two loans with UPDRAFT one for 20k and one for 8k. I wanted to default on all my credit cards and loans which I decided to do last year. I did receive a default notice from updraft (around May 2024) for both my loans and I had assumed the defaults had been recorded when I started to get letters from ACI. I started to…
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Loaning Money
Hi, I've just sold my house and need to distribute money in several places. I was wondering could I send my children £85k each to hold for a short while until my new house sell goes through...2 months time? I totally trust my children but don't want their to be any implications for them. many thanks
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Help! Unaffordable loan advice
Hello! does anyone have any thoughts on whether my loan should have been approved…. I took out a loan to consolidate some of my debt £25,000 back in September last year with repayments of £711 pm I already had £32,000 worth of debt over other loans and credit cards….( not including my car HP) My income at the time was…
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PCP and car already worth less than final payment
A couple of years ago I decided to get an EV on PCP, this being the first time I've ever bought a brand new car. Even though there's about 15 months left on the agreement, already the car value (according to autotrader) is about £5k *less* than the final PCP payment due at the end. Obviously I can just keep paying my…
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Why Can't I Refinance My HSBC Loan at a Lower Rate?
Hello, I'm hoping to get some advice on my personal loan situation as I'm a bit stumped, especially considering my financial stability. My main goal is to decrease the annual interest rate on my current personal loan. Here's my situation: * Citizenship & Residence: Dual EU/British citizen, living in the UK since March…
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Car HP confusion
If I take a dealer's car HP agreement (with a third party lender) there's a 14 day cooling off period. Online guidance is that cancelling the agreement means I have to return the car to the dealer. Question 1 - can I cancel the agreement, pay the lender in full and keep the car? If I don't cancel the agreement but make an…
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Council bankruptcies and debt
I'm trying to find out some information about what happens when a council is dissolved and a new authority is created and what happens to the debt. So, for example, when a member of the public has a debt with the old council i.e council tax, parking fine, care package - whatever really, what happens to that debt? How much…
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Pay off Hire Purchase Early
I have been told that if I pay off hire purchase of £30000 (£29500) and leave a balance of £500 within 2 weeks of starting the hire purchase agreement that this will prevent early termination fees and that the last payment of £500 (will be technically the first) will end the agreement Is this correct?
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Funding property abroad.
Hello. I'm looking for advice about hot to fund buying a property abroad. Me and my wife are both dual citizens of UK and Poland. We live over 10 years in England, and thats a place where we want to live until retirement (so, still more 20 years), but we are thinking about buying a home in Poland, renting it at a moment,…
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Santander Loan
I had a loan agreed with Santander on the 9th July but still waiting for them to release the funds. They say there was an IT issue but will not give me any indication when they will release the funds. They advertise that funds are released in 2 days once all approved! Anyone else having a problem?
