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Business start up
Hi, Wonder if anyone can help. Wasn't sure which forum to post this in. Is there anything you can do if you want to start up a business by buying a franchise and need a loan to buy it, but have poor credit rating? My friend and I have found a franchise we want to buy that we are sure we could make work. The cost is £9000,…
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can i reclaim GAP insurance back?
im not sure if this is the correct part of the forum to post this in. a few years ago i got a car on finance and had GAP insurance for the car which is if i have a crash and the insurance doesnt pay enough for the car the GAP insurance cover the difference. ok it cost me £450 but that was added to my finance so for 3 years…
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Best Loan for merging debt
I have a 7 year loan with the AA with 2 years 2 months to run, owing approx £3,500, for which I pay £169 per month. My bank has advised me to reduce my overdraft which is £1,500 and merge the two, but I don't want to extend the life of my loan too much and I can't afford huge payments either. I could extend to 3 years 6…
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Refused a Loan - What Now ?
Hi, We applied for a loan to clear all our debts with yourpersonalloan.co.uk and have been rejected. (should have read up a bit more on that company). We have a good credit rating with no missed payments but have got 3 credit cards that we would like to get rid of. I've checked our experian reports and my DH has good…
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advice for someone overseas please!!
okay, i am new to this board although i've been reading a lot for some time so here it goes!! because of mounting debt, i decided to teach english in asia to cut my outgoings and so far, it is working which is good. however, i really want to cut my monthy outgoings down further. last year, i took out an a+l loan at a poor…
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Car on HP
Sorry it's a bit of a long post, but I thought I'd try and provide as much info as possible. If anyone can help I'd be really grateful. I bought a Ford Focus about 18 months ago on finance, which is run by ALD Automotive. I'm paying £217 a month, but would really like to give the car back as I've recently moved to London…
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Getting out of loan agreement?
Hello, I am trying to get my debts in order and think i am am going about it the wrong way.... I owe a total of £14.000 in debts in bank loans and credit cards, i can manage it but i would like to get it all sorted out in one payment. I have bought my parents council house....the morgage is £30.000 and the house is worth…
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PPI reclaiming from HSBC
I'm still fairly new on here, but have been browsing for a little while. Last week I sent off my letter to HSBC to reclaim PPI charges which are on my loan - I was told at the time, that it was necessary to get the loan. On average, how long does it take a bank to respond? I know it's only been a week, so i'm not sure how…
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paydayuk loans
Do these type of loans get applied to your credit history file with Equifax, Experian and Call Credit?
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Loan for travel
Hi Basicly i ave just graduated and am itching to spend the next year travelling Unfortunately having been a student for the past 3 years i am skint I want to be in Australia by october but i dont think i will be able to get the money together before then I have been considering getting a Loan to fund it I was wondering if…
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Joint loan with EX partner
Hi there, I'm completely new to this forum but could really use some advice. I took out a joint loan with my ex-partner about 3 and a half years ago (the money goes out of a joint bank account). We split up 2 years ago and agreed to keep paying the loan between us as my ex was unable to get a new loan to cover his half. I…
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Survived for a month with beans on toast without borrowing money!
Thanks Foreign Correspondent, I've survived after a month of living on beans and toasts and this friday I'm getting paid from work. The greatest thing is that I will be able to pay my bills and save some money beacuse I didn't borrowed any throughout this month. The sacrifice of living with no money for a month was really…
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[FP]PPI Misold confirmed but can I recieve a refund by cheque or only refund to acct?
Hi all, Im new to the board and saw Martin's tv programe a month ago on TV about reclaiming mis-sold PPI, I was sure I was missold in 2006 since I wasnt told that it was optional and required when taking the loan when I took out 2 loans with firstplus. So I spoke directly with the fiancial combusman who logged a complaint,…
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Moneyback Bank
I'm after a £3k loan to consolidate my finances. I was going to try Abbey but after phoning them, they offered me one with an APR of roughly 14.8% instead of the 7% they quote on their website. I have just looked on here and saw Martins recommendation of Moneyback Bank. Has anyone tried them? I saw they're linked with…
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balance xfers for credit card
Hi, I have a Natwest Credit Card, with a debt of £6,800, which I wish to pay back. I pay the minimum at the moment which is £150 per month. I have reduced my interest rate by half, which will be up for review in July 08. Before my account is to be reviewed, I wanted to know which is the best credit card for a balance…
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My loan repayments are crippling me - can I reduce them and pay over a longer period.
Hi there I currently have a loan that's at a really good rate, and am paying it off over 4 years and have another 2.5 to go. Since i took out the loan my financial situation has changed for the worst, and i would like to re-evaluate what I pay each month over a longer period. Is this possible? Will the bank allow me to do…
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NEED HELP NOW with old loan
Hi i am new to this site so i would like to say right now if if this is not the correct way or place to ask this question could someone please show me the correct way. My Question is regarding a bank loan i have had running for a while now.The story goes like this.I got a loan from the Bank and after a while i got into…
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Are there any rules about interest rates on defaulted loans?
I'll try to keep it short. In Sept 06 we had to default on an overdraft because of financial problems. We set up a standing order with our new bank to start repaying and managed to obtain an interest rate of 4% because of our low income (after a lot of phone calls etc!). In sept 07 we changed our payments to a slightly…
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Black Horse Finance - problems....!
Hi there, I have a secured loan with the above which, however on trying sell my house to avoid repossession there's not enough equity to cover my secured loan, I offered to pay the loan as an unsecured to allow house sale to go through story, wrote BH Finance a letter proposing this, otherwise if repossesed little money…
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I have been made an offer to settle a PPI mis-selling claim, should I accept?
Hi I recently wrote to Freedom Finance to complain about about a PPI policy I was sold along side a secured loan. I used the template from MoneySavingExpert and 12 days later I received an offer for £2,000. The query I have is that I was a little surprised to receive and offer so fast. The policy I was sold had a premium…
