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SLC/Student Finance advice please?
Hi everyone! I've found myself in a tricky situation. i had an old-style (pre 1998) student loan debt outstanding that ended up getting passed on to a debt recovery service a few years ago, anyway I sent them the standard 'Statute Barred' letter and refused to acknowledge the debt since it had been 7 years since I'd last…
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unenforcable loan
Hello, this is my first post, and I would like to ask the comunity for some advice please. When I was younger (more than 10 years ago) I took out a bank loan to buy a car. The car turned out to be a lemon, and I lost the car after the engine blew-up... I also lost my job (and was mentally in a bad place) The loan came with…
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Family loan gone wrong!
We borrowed money from a family member to buy a house that was a cash sale. There was a verbal agreement that the money would be repaid - partly by a cash amount and the balance by transfer of another property owned mortgaged property by ourselves to the family member. The family member has now had a change of mind and no…
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Calculation of loan via Rule 78 - Help needed!
Good evening all, Hope there will be some brain storming out there in relation to my issue, all feedback will be appreciated and helpful. I took out a loan with Blemain in 2004 - 12 year term - £18,000 loan I settled this loan in 2008. Well in all honesty and to be real, this loan was calculated via Rule 78, which I had no…
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Tuition Fee Loans
I can't find anything on the site so I thought I'd ask on here... After a few months of ringing and applying for student finance, I have only just been told that I will not be eligible for a tuition fee loan for my course starting in september. Even before I left my last course, I asked whether I was eligible to apply next…
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Voluntary termination on car loan
Afternoon all, I have a question around voluntary termination of car finance and wondered if anyone could help. My boyfriend bought a used Ford fiesta on an option deal which he took out in September 2010. He has paid approx 18 months worth of payments. Due to finances he had hoped to sell the car and pay off the finance…
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Nationwide soft search 19.9%
I have applied for £7,500 over 12 months using the Nationwide soft search and was told that the rate of 19.9% would be applicable if I wished to continue my application. I have proceeded, what are the likeliness of this being approved after getting to this stage? I have been advised if you are offered 24.9%+ then thats an…
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Loan Contracts - PPI Claim
I took out a bank loan in 2005, and was sold PPI. i was charged interest on the PPI lent to me. I have refinanced the loan twice since. I remember being told on the phone if i did not opt in to the PPI, i could be refused the loan, and the interest rate could be higher. But i cannot remember if this was when i took out the…
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PCP Voluntary Termination; Can they charge excess Mileage?
Hi I currently have a 57 plate BMW 3 Series through a PCP 'BMW Select' contract. I am struggling with the monthly payments, and with the agreement ending in September I would be left in a massive negative equity position. When I got the car 4 years ago, I wasn't doing too many miles and agreed to I think, 8000 per annum, I…
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Credit Agreement
Hi all, During my financial clear and sort out, i came across a couple of small loans companies on my credit file which i do not recall ever having dealt with let alone agreeing to a loan. If i get the original credit agreement sent to me, what should i look out for to find out wether it is genuine or not. Obviously i know…
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Amigo Loans/FLM
Hi, I'm wondering if anyone can offer some insight on Amigo Loans (formerly FLM) I'm not here to debate the APR etc. I'm just after an honest yes or no answer I suppose. I've been offered a loan from them but requiring a guarantor, a family member has agreed and to give myself some peace of mind that I won't be involving a…
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First Money Direct-Stockport- Now in Liquidation
The infamous loan brokers First Money Direct based in Stockport are now in the process of being liquidated, what a surprise:T:T:T. But the real player behind the orginal company is already working on his next "loan brokerage";););););) You would be very surprised to learn that the asians who featured heavily in various…
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TFS Guarantor (getting my money back)
Stupidly i became a guarantor for my girlfriends friend not fully understanding what being a guarantor meant at the time i had the "love" blinkers on and stupidly agreed to be guarantor for this person with promises from my girlfriend things would be ok and it would get paid every month. I have since learned that the…
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check the interest rate thresholds !
i'm sure this is old news to seasoned campaigners on here, but might come in useful for some folk: when applying for a loan, check at which point (ie at which loan value) the cut-off points are set for transitions to different interest rates example: with RBS today i was offered a loan of £15,000.00 at 10.1%, but was able…
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Nationwide application response time
Hi, Yesterday morning (about 36 hours ago), I applied for a Nationwide loan after their soft-search system quoted me 9.9%. The application status hasn't changed since I applied. When I log into their site, I see the same 'approved in principal' message that's been there since I applied. I'm concerned that they've rejected…
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secured loan or further lend on mortgage
Please can anyone help, i'm new to this forum, We are desperate to finish our house renovation. As is the way we went over budget and due to unforeseen problems we now need to raise 25k. A few weeks ago i approached our mortgage lender Abbey for a further lend, Abbey said we looked good for the loan and offered me a good…
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Advice needed on log book loan
Hi, My boyfriend took out a log book loan 14months ago for £1500 and has had difficulty in the past paying some of the money back, his car has been removed twice and then returned to him once he got his payments up to date (including paying the huge charges to the bailiff). He has been trying to contact the company for the…
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Which companies use which credit reference agencies?
Hi all, Ive checked my credit files with Equifax and Experian in preparing to get a consolidation loan. While Experian gave me a poor score due to my credit cards all being close to maxed out, it does not show any of the troubles I had 2 years ago with couple of accounts. It was some default and payment plans issues but…
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aspire loans???
Hi all. put in for a aspire loan but after the rates they were giving me i decided not to do it. The guy asked if wanted to consolidate all my debts to one single payment saving me money? It sounded to good to be true and probably is,and was wondering if anyone has come across this and had the same thing? He is gonna ring…
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welcome finance chasing non existent debt!!
Hi all advice needed!! Just had a call from wf saying "why have you not paid your debt??". - no hello or anything!!! after saying it was impossible i had a debt (no credit rating in 2008) i was told i needed to prove i didn't have a loan!! after laughing out loud i asked how on earth i could prove it!! I told them it was…
