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Help, need advice on paying loan back!
Hi, I need some advice please? I took out an Alliance and Leicester personal loan ten months ago, £6000 over 5 years, with a monthly payment of £139 and APR of 6.4%. Within this monthly cost is a payment protection insurance of about £25, which I am now in the process of cancelling. I have found another loan, which I would…
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Turning credit cards into loans
Having read about turning credit cards into loans, where the Egg card was used as an example, does anyone know if I can do this with the Intelligent Finance credit card that is offering 4.95% life of balance transfer rate. I only ask as they don't accept balance transfers from Halifax cards of which I have and would like…
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Firstplus
I am thinking of taking out a Firstplus loan for £40000.00 over 9yrs. As far as I'm concerned, I'm fast running out of options and this, on the face of it, doesn't look too unreasonable. I'm secure in my job so don't have concerns there. The APR is 7.7%, and I've told them that I'm not interested in their PPP. Is there…
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car finance
hi all my first post my car finance company is trying to charge me for 3 charges at £30 so £90 in total i got made reduntant so 3 of those charges are late payments i dont have direct debit set up with them on one of the occastions i aked to pay one half one month and other next i got told it was no problem then they hit…
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Loans for bad credit risk
Hi Guys, A few years ago I had a very rough time with CC companies and banks. I never got any CCj's, it never got that far, had some fantastic help from the Consumer Credit Counselling service, got my life back on track, paid off the money I owed and I now don't have to worry about what the postman is going to deliver in…
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should I borrow or spend savings
I am buying a new car and am offered a loan at 3.55% flat- over 7% apr? I have a choice - I can buy it cash but that costs me the lost interest (3.6% net) PA for 3 years. I thought that this would be an easy comparison but I am bamboozling myself. If I borrowed, say £20k, and make the payments from my savings I retain a…
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moeny for home improvements
I want to get a new kitchen and conservatory amongst some other general home improvements. I reckon I need around £15k. There is about 15 years to go on my mortgage and I really don't want to increase this term. I would expect that I will pay back the money in a 5 - 7 year time frame. What is the best option for me to…
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What's the best way of getting 20k for home improvements
I need to have 20 k for home improvements. Is it better to put it on my mortgage or should I take out a separate term 10 yr loan?
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Alliance and Leicester wont let me overpay
I have started snowballing to get rid of my debt. Overpaid on HFC loan. No problems. Loan clear. Today I phoned the A&L to double my payments. I was told I could only change my payments if I borrowed more money from them. It seems I can pay off the balance in full or leave the payment as it is. I will have to get around…
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Can I get a better loan?
Hi first post on these forums but have been reading through a lot of threads and your advice has been a great help. I'll give you a brief overview first. Due to a change in circumstances I have run up debt of nearly £12k in the last 2 years alone. About £3k of this is on credit cards which thanks to this site I have…
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Second loan advice needed`
Hi all, Just wondering if anyojne can give me their thoughts on applying for a second loan. Basically, I have a loan with Northern Rock which I have been paying on a regular basis, but around a month ago I spoke with NR to change my loan repayments to free up funds (as I was struggling to meet payments on credit cards),…
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refused loan need one guaranteed
I have excellent credit scores have seen my files thought i would have no prob getting a loan tried 2 different companies northern rock and direct line both refused. Checked my credit score and has dropped dramatically, I really need this loan for personal reasons and am getting worried i will never get one dont want to…
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Advice on APR situation please
I am a complete newbie to loans so please bare with me :( I am having a new car and have applied for a loan for 15k with Northern Rock. I had the quote online for an APR of 5.6% which was fine. Anyway, the paper work has just come through with an APR of 9.9% on...quite a differnce! I'm not very happy about it but I have no…
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should I pay it off ???
Hi there - was wondering if anybody could give me some advice. I have a loan which has 28 payments of £127.44 left to pay giving a total of £3568.32 outstanding. If I pay off the loan they would need a payment of £3356.36 so that would be a saving of £211.96. Because of a bonus coming to me next week and some other money…
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Need suggestions on financing purchase of 20K parking slot
In a nutshell, I've bought a property but have to pay 20K extra for the parking slot. Its definately worth it as it will increase rental value and re-sale of property so short term pain long term gain. My situation is as follows, I earn 37K pa, I have the following debts: 8K cahoot loan at 6.5% (roughly) 7K loan from dad…
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Voluntary Termination of HP
I have a 2 year old car which is not worth the money I owe by a long way. I have been trying to sell it for 3 months with no luck. I have reached the point on the agreement where I can Voluntary Terminate the HP agreement and hand back the car to the Finance Company. I am being told so many different things regarding my…
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need help but bad credit!
I have bad credit from when I was a student and early days working. I cant get any form of cad now despite earning over 30k a year and not having any debts with the banks. The banks see me as having potential but the old days count against me. I cant get credit because of my record but I cant improve it without getting the…
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Steaming Mad - Can They Do This?
I've just been on the phone to Black Horse Finance about the cancellation of my PPI, that's fine she said, you just have to write to these people. Then she added that it wouldn't decrease my payments by much as they will have already taken most of the PPI already. On the agreement they sent us it says that we will pay 120…
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problems obtaining a loan any help???
hi im having problems obtaining a loan i am not on the electoral register at present so theres the first problem. also i have a credit card which i have not paid or heard from for years and this will undoubtedly affect my credit rating, if i am on the electoral register then would i be able to still obtain a loan? im only…
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PPI - Can they make you have it?
My husband was approved for a loan with Northern Rock today, and due to his good credit rating, he got their best rate (5.6%). HOWEVER, the lady that he spoke to said he could only have the loan if he took out the PPI - if he didn't take it out, she would no loger approve him. Is this right, I can't believe that it is…
