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Time at your Current Address
Hi guys Quick question which you may be able to help me with. On loan applications, when you specify time at your current address, is this referenced over the course of your entire life? Reason I ask is because I have lived in the same house since birth, which totals 27 years (all of which spent living with parents).…
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Low interest rate loans
Hi, I have an overdraft debt with a closed account with Natwest of around £600. They have told me that if I give them £400 they will forget the other £200 aprox and write off the debt. At the moment Im paying £15 a month, and around £13 of that is interest. So is it a good idea to loan £400 of someone/something else with a…
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Payday Loans
I have a friend who has taken out a Payday loan. I am absolutely horrified because she received only around £420 of the £500 she borrowed and if she does not pay back before the due date has to pay around 14% and the loan carries over so she will still owe the original £500. This is an horrendous rate of interest. Can it…
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Loan to family member legalities
Hi, An elderly family member has recently decided to move house and has now sold theirs, and put in an offer for another property. The proceeds from the sale of this house falls about £10,000 short of the cost of the new house. Me & my brother in law have both agreed to cover the shortfall, (£5,000 each). This is to be…
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Reclaiming PPI. Does this letter sound ok??
(Name + Address) (Date) (Name + Address of Loan Company) Dear Sir / Madam Re: Account number: ********** I purchased the above policy from you on ********* but now believe that I was mis-sold this policy for the following reason: Having recently looked at the paperwork for my loan I now realise that I have been paying for…
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Career Development Loan - approved then declined - WHY? Already enrolled on Course
Hi everyone – I’m desperate for some signposting or advice regarding Career Development Loans (CDL) After working very hard towards his degree my son achieved a First so decided to stay at his University and do a Masters. After signing another tenancy agreement for a year (60 miles away from the family home) and getting…
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1000% per annum interest. PLEASE HELP!!!
we took out loans secured on our cars. we keep the cars and drive them whilst they hold the log book. the rate is over 500% interest over a 6 month period. it is less if you repay it in 2 or 3 months. if you dont, you pay a smaller amount and the body of your loan plus 500% gets rolled over to a new loan over another 6…
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RFS PPI given the runaround!!
Hi i took out a loan from Renault Finace Services RFS almost 5 years ago and also a PPI. I am sure this was misold as i was self employed. They also said i couldnt have the loan without it! Just phoned the finace company and they said I have to contact the insurance company about it (st andrews group) so contacted them and…
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Do I have a valid claim from Liverpool Victoria?
Read the article on reclaiming PPI and just want to make sure that I'm not being dim.* I have a personal loan from Liverpool Victoria (fixed 17k for 6 years@7.0%) started Oct 2004. * I have a single premium policy for PPI, which totals £4k * I have changed the Direct Debt date for payment once. * Nothing else about the…
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Reclaiming PPI on car payments.
Hi all. I took hpi on a new vw beetle in 2001 and i asked to pay £250 a month. When i started paying the payments were roughly £288, cos the sales man had included the payment protection in my payments which was never explained to me, actully i think it was allready agreed on the contract and up to me to read the t&c and…
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Parents loaning 15k
My Parents have just sold there house and offered to pay my debts (I intend to pay them back). I know there is limits to what they can give as a gift, but can they just phone my credit card company and pay? Will they be liable for any tax. Sorry if this is a stupid question. Thanks.
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Student Loans
In an earlier email Martin suggested that it is best to pay off your loan debt before saving except for student loan debt. This is because the level of interest on student loans is low and set to inflation so its more economical to save that money. However, recently the interest rates on student loans has risen from 2.4%…
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PPI & tsb & now i'm a student
hi, ive trawled thru all martin's articles on PPI and cant find the answers i need. I took out a 10k loan from lloydstsb a couple of years ago. The PPI i was told was a compulsory part of the loan. TSB now say that if my loan is changed, eg my PPI is cancelled, they have to cancel my existing loan and give me a new loan…
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Self employed - PPI
Hello all! I have tried to reclaim mis-sold PPI from Capital One and have recieved a reply from them. They say: " You've suggested in your letter that the PPI was mis-sold as you're self employed. You would still be able to claim under the terms relating to employment benefit providing you are paying Class 2 National…
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Is there such a thing as a listening bank lol
Hi everyone, i'm new to the forum, but i can see im not alone with it all, i also have made a start canceling ppi, and am in the process of trying to get back 2.300 from the bank of scotland for bank charges. The question i have, is there a human being out there working for a loan company or bank that i can talk too, my…
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Help required, regarding First Credit & CCJ
Hi everyone this is my first post on here after somebody recommend using these forums to gain help and advice. Sorry if this is in the wrong place. I am a self confessed bury head in sand kinda girl. I owe this debt company about £1500 of which i should be paying £50 a month back. Now for reasons ABCD I have not made a…
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Claim PPI while on IVA?
My partner is on an IVA with most of her debt being owed to natwest - is it advisable or even possible to claim the PPI on the loans she had? Any advice welcome.
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Should I update credit report info b4 loan application?
Hi, I've applied twice for an unsecured loan and been turned down both times. My cards and bank details are registered to my parents address but last year I moved into a new place. I've seen one of my credit reports and it has my new address as a linked address. On previous applications for loans/ credit cards etc I've…
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Wellcome Finance sold loan I had settled
6 years ago, after redundancy from a city banking job I experienced adrenal and thyroid failure which went undiagnosed until this year. As I slept my way through the next 2 years of my life I ended up in serious trouble over repayments for loans and a re mortgage. The loan I am concerned about originated through a new…
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Wellcome Finance sold loan I had settled
:mad: 6 years ago, after redundancy from a city banking job I experienced adrenal and thyroid failure which went undiagnosed until this year. As I slept my way through the next 2 years of my life I ended up in serious trouble over repayments for loans and a re mortgage. The loan I am concerned about originated through a…
