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Equifax "Outstanding Debt" search query
Not sure where this should go, but.... Equifax keep a separate list of "Outstanding Debt" searches as well as the normal credit search, I believe these remain on file for 2 years not the normal 1, however if a search is carried out by a company such as Mac Hall/Aktiv?Lowells AFTER the debt is actually statute barred then…
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Driving Down the cost of my loans
So here is my situation, Currently have a £25,000 loan with Barclays bank and a £10,000 loan with egg, I also have a Gold Barclaycard with a £5,500 limit (currently around the £1,500 mark) and an egg card with a £4,000 limit (currently at the £2000 mark). I pay £380 a month to Barclays loan £185 a month to the Egg loan Min…
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Post Office
Can you still cash personal cheques at the post office?
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New Car Loans - what to do?
Hi all, I am looking at ways to get a new car as I fancy a bit of a change. I am with HSBC and have a current account with no overdraft (dont believe in living in them!). Now, if I was to apply for a loan with HSBC, would they analyze why I don't have loads in my account at the end of the month? We tend to spend what money…
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HSBC Managed Loan
Hi All, I'm a long time lurker, first time poster that would appreciate some advice. I have been successful in reclaiming several £ks in PPI and bank charges over the last few years (thanks to this site) but one issue still remains - a managed loan that my wife had for a number of years which has since been converted back…
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Fos has refused to uphold my complaint
Hello everyone A little background to my story: I took out a loan from my bank to pay off the previous loan and then use the balance. PPI had been applied to my previous loan which I was not aware of. The PPI on the previous loan was paid back. I requested for copies of all my loan agreements which my bank failed to…
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Impact of inheritance on student loan
Recently I inherited a reasonable amount of money from my Grandmother's estate. I currently have a student loan but my income is less than the threshold where I have to start paying back and the loan is currently deferred. Does the inheritance count as income that would trigger me having to pay my student loan or is it a…
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In need of some help
Hi – I am new to this site and am in real need of some advice from you all please. When my husband and I bought our first property, my parents took out a mortgage of £45,000 on their property to help us on our way, which we pay for each month. Fast forward to now and we have our own mortgage of £105,000 on our house, plus…
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consolidation loan yes or no?
Hi, I have a loan with tesco 8k and 3k left on my hsbc bank (high apr) already, i want to get rid of them and my credit cards and overdrafts etc, but should i get another loan to pay off these, so i have 1 loan rather than all the other debts? or extend my tesco loan? (which is good apr) i dont have a brilliant credit…
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Need some loan advice please (Graduate)
Hello all, It's been a long time since I last posted my own thread, first time in the Loans board, I had never really considered a loan until now, now I'm employed. I've recently purchased my own house in Cambridgeshire (following my start of work in September) it is a repossession so needs a fair amount of work to do to…
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No longer need a car
Hi there Hope this is in the right place. We have a car on a 3 year finance deal. The one where after 3 years you can either pay a ballon payment to keep the car or hand it back. Basically in the past 18 months my husband has had his d/l revoked due to medical reasons and therefore it has sat on the driveway for nearly 6…
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Help need small loan after berevement
Hi MSE Could someone advice me plz ,i need a small loan of £500 as my father inlaw died suddenly.With christmas opon us i have nothing spare,already have bank loan and overdraft used up,i need something thats not going to high interest,money is needed just to get funeral clothes and just so we have something and not have…
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Loan vs Credit Card when applying for a mortgage
Hi all, Firstly apologies if there's a thread or response to the below already posted, this is the first post I've made. A friend has advised me that if I was in a position to apply for a mortgage in the next 2/3 years a mortgage company would not include or class a credit card as a debt, whereas if I took out a loan to…
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Omg apr 2356%
I have just seen the advert onthe telly for quick quid pay day loans and thought t here was a misprint on the screen and that maybe they had missed out the decimal point and it should have been 23.56% OH NO check the web site and it is 2356%:eek::eek::eek::eek::eek: What is this legal loan sharking ? I can't believe it
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Settlement figure 2 quick question.
I have a 5 year tesco credit card loan. 12000 at 8.3%. I have made 8 payments of 242.30p. How do you work out the settlement figure. I know I get charged 2 months interest. overall cost of the loan is : 14538 8 payments is : 1938.40p I believe but not quite sure is that I pay 42.30 interest. My working out therefore is :…
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Car loan at age 22. How?
Hi all, I'm looking at buying a new car. I'd need about 3500£ for this. My problem is where to get it. I am aware that car dealers interest rates are, shall we say, not the best, but I'm thinking it might be the only way. Apparently, I could get a graduate loan from my bank (HSBC), but they only list interest rates for…
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loan refused?
I called into my bank today to apply for a £6000 loan for a new car but the loan adviser told me the bank wouldnt give me it because although my account history was very good there was something on my credit history. They then told me they couldnt tell me what it was and that i should get a credit report using 'experian'.…
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Handing car back
Don't know where to post this, so hope i am in the right place. Been thinking about part exchanging our car which is currently on finance 2 years into the 4. So rang our company for a settlement, then rang the broker we went through 2 years ago about another application for finance, who told us to check our agreement as it…
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Overdraft to pay for car?
Basically, is it unwise to purchase a car using an overdraft to finance it? For example, using a 2500 overdraft to pay for the car. Thanks
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Payday Loan Muddle
Hello everybody This is my first post, so please be gentle with me! I am usually o.k-ish with budgeting, I am a single mum to a young son, have a mortgage (£456 pcm) and a loan (£134 pcm) but I am lucky enough not to have to run a car and I don't have any credit cards or store cards. I live a very long way away from my…
