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MSE News: Wonga warned over aggressive debt collection
"Payday lender Wonga has been ordered to stop aggressive debt-collection tactics or face a £50,000 fine..." Read the full story: Wonga warned over aggressive debt collection
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Override credit check
Hi Over the last 10 months or so I have came into some personal and financial difficulty with a gambling addiction, resulting in a £2600 credit card and numerous pay day loans. I am slowly but surely recovering from this and now starting to get my finances back in order, I still owe money to a pay day loan company and have…
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Finding an unsecured business loan for £15,000
Sounds simple doesn't it, but I am having a complete nightmare! I have an opportunity to buy a small business, that has unbelievable growth potential. I have produced a business plan, and contacted both banks and other lending institutions and a number of companies offering grants in my area. (Sadly, there are no funds…
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Debt after death
Hi, My father recently passed away and he owes money to a company called CL Finance Ltd for the value of just over £9,000. He never had any savings, by which I mean in his bank account all he had was £1,700. He didn't have a car or anything because he was disabled so he didn't really have anything. Anyway, there was no…
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Interest applied at start of loan?? Is that correct?
Hi all I am looking for some info on loans please. I took out a loan for 10k over 5 years in Jan 2010 with Tesco bank. I have been making overpayments now for the last few months with the understanding that if I get the amount low enough and let the last payment clear by DD then I avoid the early repayment charges. I know…
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MoneyShop early repayment block shock!
Saturday 12th May I did what many people dowhen they have temporary finical difficulties. A trip to one of the many highstreet lenders that offer payday loans, in my case “The MoneyShop” My situation slightly different to most, in that I hadrecently one a PPI claim, with a substantial pay-out, but was informed it couldtake…
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best early settlement offers
Hi, i need some advice asap. My plan is to get the loan, do the work and re-mortgage in 2yrs and clear the debt. i want to borrow around £15000 to do up a house i have just purchased in which i am certain will be worth around 40 grand more than i paid for it in about 18months or so. how do i get reasonable monthly payments…
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Narrowboat finance options
I'm hoping to be able to sell up and move onto a narrowboat in a little while, but have a logistical problem I'm struggling to resolve in my mind.... I will have to sell the house, to release the money for the deposit.. and as far as I am aware, it is only then, that I will be able to apply for a marine mortgage. Added to…
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Personal Loans and Savings
Hi all! I am looking to apply for a personal loan for 7.5K. I'm wondering whether I would be more likely to be approved if I apply at the same bank that I hold savings. I have two savings accounts with this particular bank, with a total of 10K in them. Would it make any difference to the likelihood of them approving the…
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Bankruptcy precedent for student loans?
I'm currently in the process of declaring bankruptcy as I'm seriously struggling and I am aware that student loans can't be included in any bankruptcy amounts, but wondered if there were any extenuating circumstances in which they would be? I'm never going to be in a position to pay them back (on long term incapacity for…
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There is so much bad press...
Reading through posts on here it makes me wonder what people think pay day loan companies and guarentor loans - like FLM/Amigo, are there for. They are filling a gap in the market which is getting mre and more people in the situation that means they need to use them. I do have an FLM loan, I do have bad credit and was…
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Car Loan
Hi All, I am about to get a new(ish) car, and PX my Astra 2.0T Twintop, due to ridiculous road tax(over £530 a year!) and am wondering how to get the funds for it. My astra would get around 5K tops and im going all sensible(yawn) and looking at Diesel Insignia's at around the 10k mark. I have no outstanding credit cards,…
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Best Personal Loan
I am planning to take a personal loan for my home improvements. Can anyone please recommend a bank which will offer me personal loans in cheap rate? Thanks, paul
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Employment status has changed...need a loan.
Hi, I've recently become a sole trader and this seems to have thrown me into a void when it comes to trying to get a personal loan to consolidate my personal debt. I have an excellent credit rating and also excellent rating with my bank...yet as soon as I declare being a sole trader APR on a loan goes from about 7% to 16%!…
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Loan advice
Hi I'm just looking for some advice with regards to a loan which I am currently paying off. Although I am managing to meet all my basic financial payments every month such as rent, utilities, food etc, I am finding that the monthly payments on the loan are leaving me with very little to play with each month. So much so…
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is a 15k unsecured loan possible?
I am in need of about 10-15k to clear up some debt and get a decent new car. I currently rent so I'm not a homeowner and I'm unsure what my credit score actually means the last time I checked I was within the 800 rating but I do have a default against my rating which I believe has another 2years to go... I have applied for…
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dread the red
i took up the red driving school 35 mths and i lost over 4000 pounds as first test i took cost me another £70 pounds which i should have got back but never did and tried to pull out but got stuck in a trap as they did there finances through barclays which means your not there problem any more and i spoke to a couple of…
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Template needed.....
Hi all, Is there a template letter anywhere on here stating something along the lines of 'you have 7 days to pay what you owe me' type of thing. :think: Thanks
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Car - best way to finance?
We have a real dilemma on our hands at the moment, as I have taken a new job that means I lose my company car, a benefit I have had for 8 years plus. The new job however is a significant salary increase, so that combined with a much improved tax code means I am confident we can run the new car. I am looking at needing…
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Help! being chased by debt collectors
Hi - I'm currently being chased by two debt collection agencies for money on a loan that i believe has been paid. 5 years ago i got into serious financial difficulty with loans, credit cards and store cards. with the aid of the consumer credit counseling service i paid them all off - or so i thought. I was given a…
