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Rejected loans
Hello all, I'm currently having a bit of a struggle financially, things are getting on top of us and my overdraft is getting increased every month and money is going on credit cards. I'm getting quite stressed about it. I've always paid my bills on time and have an excellent credit rating (according to my Equifax report as…
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Help/Advice anything please!!
This is my first post on the forum and I'm hoping someone can help me! I don't know where to start really...I'm feeling really stupid and don't know what to do anymore... I'm not currently in debt, but I am skint! I've got a job, and after sitting down and working it out I've got more coming in than I have going out (which…
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Car Loan Extension???
I might be answering my own question here, but would appreciate another opinion. For the past 3 years i've been paying £366 a month car finance. never missed a payment and this september I will have 2 years left to pay and its finished. Issue is, in 3 months time my wife's maternity leave ends and we have to fund…
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Loaned My Brother and His Wife £4000 to get married
I write this letter with a very sick feeling in my stomach ... Last year my Brother and his Fiance planned to get married , but as the wedding date neared , they realised they didn't have enough money . When they first announced they were to marry , I kind of knew they wouldn't be able to afford it , as they were claiming…
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Bad Credit Rating - Secured Loan
from reading the posting on here. You get some good advice.. I need a personal loan of £7k but its tough trying to find a loan provider with decent interests.. am in full-time employment for the past 3 years and can use £9k worth of share in a uk bank as a security.. i need some direction and advice on two fronts Can I get…
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Sons debt
Hi Would love some advice off anyone.My son has got himself into terrible debt.He took out a same day loan,well not one but several loans ,some time ago.Not sure how long ago he took them out but debt agencies are involved now though non payment.I only found out by accident about all this as he has tried to hid this from…
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Help calculating compound interest for student loan using Excel
Hi Please can someone help me as I have spent days trying to figure this out without success. For various reasons which are too long to go into, I need to check the interest calculations for my student loan. I want to put this into a spreadsheet so I can do it for many years. I have been told the interest is calculated…
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Possible Mis-Sold Loan
Hi all, Just need a bit of advice. About a year ago my wife took out a loan from a company called creation finance, which was arranged through Carcraft to buy a new car. We regretted it almost as soon as we'd done it but we're in the boat now and we manage to keep up the payments. However after recently signing up with…
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if i lend daughter money for higher education will she pay tax?
My daughter goes to do an HNC at uni as a mature student this September, for one year, then - supposing she does well - she will go straight on into degree course. She understands that she does not get a student loan for the access course but will once she is in a full-time degree course. She will struggle to find the…
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Pay day problem
Hey all. I've had difficulties paying off a paydayloan I took out. It's overdue and I tried calling to arrange some kind of payment plan whereby I could make possible monthly instalments. I was told this is possible, however charges of £19.50 per day would continue to be added until it's fully paid off!! That's around £140…
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Interest rates
Hi there, Essentially this is just a question which one of you intelligent people should be able to answer no problem. How are interest rates applied? I have always believed that interest rates are applied to what you have currently owing. But, my boyfriend believes that the interest rate will be applied to the total…
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How is the current student loan repayment via HMRC fair?
I don't get it. I pay student loan repayments every month. However, the tax man holds onto these payments for a WHOLE year, only giving them to the student loans company in April. So wait a minute, I'm paying interest on the amount I've paid the Government in repayments since the PREVIOUS April, every month until the…
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Typical APR % Help
My partner and I are looking to buy a car and rather than taking out a loan from a lender her father is willing to offer us the money and get a return on it at less than the official APR % rate. He is willing to lend us the £££ at less than the typical APR as long as he makes a return on his investment. Any ideas how I…
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Tesco Bank Loan Appeal
Hi all, I was declined for a Tesco Bank Loan a while ago. I appealed on the 20th of April and they sent some of the documents I sent back on the 23rd saying we will get back to you shortly with a decision about your loan. I've still not heard anything so am wondering how long I should leave it before I start chasing it up.…
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Has anyone else noticed?
(I am not sure if this is the right area to post this.) Has anyone else noticed that it is becoming increasingly popular for websites to set you up with a credit account as part of their account. On TV the other day I noticed TWO adverts which said that in order to purchase you would be required to set up a credit account.…
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Lost loan agreements
Hi, I have a loan with llyods tsb which I took out some years ago and I am still paying off. I recently requested a copy of my original signed agreement and they have written back saying they have misplaced the original signed document but have sent me a copy of the agreement I would have signed! the same thing has just…
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Doshdog
I just received an unsolicited text from a loan company called Doshdog (it was sent from a mobile number). Naturally I won't respond as "they" will know my number is active. Has anyone else received this text? I expect this from the "have you had an accident?" brigade, but not from money lenders.
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Think TFS have breached my guarantor loan contract
Hi guys, I'll try to keep this short, but there's some background to my problem. I'm a guarantor on a loan (with TFS Loans) for an ex-friend who has stopped paying the monthly bill. I was a mug when I agreed to it, and would never ever do it again, but that's kind of by the by now. TFS contacted me by phone to make the…
