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Paid off loan when offered reduced amount: annual statement shows balance increasing
HI can anyone explain why this is happening. Quite some time ago, my wife and I took out a loan (joint) with Alliance and Leicester. I lost a full time job , and although we had a reasonable income, were not able to keep up the full payments. After some time making reduced payments, we were offered a settlement figure,…
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Cancelling loan effects credit rating?
Firstly, Hi :) I placed an order for a new iPhone using the finance option with Barclays. I've since regretted the decision and after being told I have to wait two weeks for delivery I decided to cancel. The Apple advisor told me that cancelling could affect my credit rating! I can't understand why? Plus I've not…
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MR lender roller over
Hello all . Firstly i applogies for my poor literacy skills i am heavily dyslexic So sadly i had to use mr lender for a short term loan of £300 with £90 interest . There was an option to roller over the loan for another month and pay just the intrest of the loan for the 28th OCT and then the rest of the loan 28th of this…
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MSE News: Wonga: Payday loans 'do wonders' for your credit rating... really?
"The reality is often the opposite as many lenders view the fact you've used a payday or short term loan as a negative..." Read the full story: Wonga: Payday loans 'do wonders' for your credit rating... really?
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Workout Loan How Many Months Are Left?
My wife has a loan and we cant check the balance without ringing up and asking and we got all the details in October. I was wondering if you know how to work out how many payments are left. I cant seem to find the sheet with the details on. Loan October 2012 Min Payment £418.87 Total £10,375.83 APR 19.5 Thanks andy
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Help for a friend in a terrible mess
Hi, Im posting on behalf of a friend who has found himself in an awful situation. He is classed as a self employed courier but is subcontracted to a large comlany. . He has a van which he is paying for monthly. He had an accident (his fault) in the van whilst working. He is in a bad financial mess to start with having 2…
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Lloyds - Statement of Personal Details
I have to make a call to Lloyds tomorrow and wonder if someone can give me some advice so I am better prepared. Unfortunately I had to close down my business about 18 months ago leaving me with a Personal guarantee of around £90k to deal with. The bank had taken a second charge against my house when I took out the business…
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Advice needed please!
Hi guys, sorry this is a long one. Right - I need some advice reguarding loans. Me and my partner have tried and tried over the past few days of getting a loan with fail. I either have loan brokers phoning none stop (really would avoid these as I paid £70 broker fee for Yes Loans before and got a £300 payday loan!!) or,…
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Loan Question
Hi I'm after some help with regards to applying for the right loan or some advice about what to do So a bit of history. My wife and I are about to move into rented accomodation out of the area that we currently live in. This is so that my wife can live closer to where she works which we are currently paying £400 a month in…
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Car Finanace from OH Credit Card
Hello all, I have Car Finance with Santander Consumer and I want to pay it off with my OH's Credit Card (she has a great 0% deal), but they won't accept the card unless it's in my name. I understand the security around this, but surely if we can provide documentation or a letter - even a copy of wedding certificate to…
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I had a catalog account with Very.co.uk...
I ordered around£500.00 on BNPL and am yet to clear this. I am now unable to log in to pay my balance. Bearing in mind they do not have my correct name and stated previously I was not able to place an order until I sent in copy of my passport and utility bill. Therefore it sounds as if they don't have proof that it is…
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new help
hello everyone i wanted to ask has anyone heard of a company called YOUR LOANS? i have tried everywhere to get a loan due to my partners history i cant! these people seem to offer loans according to their web site to people that are even unemployed, has anyone heard of them ?
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newsnight doing payday loans report on now
bb2 now.. worth watching
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Loan for New Business
Hi all I've posted on another forum re redundancy so am considering setting myself up in a small business (basically running what I do now - a small retail outlet). I have some equity which will come from me selling my car (releasing £10k) and parents contribution (£5k) I don't have enough equity in my house for any more,…
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MSE News: Payday lenders face OFT crackdown over debt collection
"The watchdog has opened investigations into several payday lenders over aggressive debt collection practices..." Read the full story: Payday lenders face OFT crackdown over debt collection
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Amigo / FLM Loans - Guarantors Please be careful!!
I just got a pack through the post from Amigo Loans. The pack opens with something that looks like a bank statement with £4,250 Paid In on it, saying ‘Authorised for Payout’ and “BACS Transfer Credit”. Also, on the front page: “I’ve set up an account for and put £4,250 into it. Before I can give you access to this money,…
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Loan or HP
looking to get a loan for a car over 3yrs of £10k bank total loan would be £11296.garage is offering HP total would be £11363 difference of £67 But the garage is saying that HP would be better if after 2yrs we wanted to pay off the HP would be a better settlement.Is he right or just sales patter? In the past we have always…
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Loans to pay off Credit Cards?
Hi just looking for some advice! I have about £17k worth of debt on credit cards, one store card, overdraft and a loan, overall I pay about £500 a month to the various places. I just wanted to know if i should try getting a loan to pay all of these things off to then cancel everything and just have a lump sum payment that…
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Borrowing money from Family
Hey folks, I'm about to buy a new car for which i need to lay my hands on around 5k. I have an option of getting a c.card or a loan to fund the shortfall but i also thought about borrowing from my Dad who has some spare savings knocking about. My theory is that if my Dad works out how much he is likely to earn from his…
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Richmond Group
Hi, I have been looking at loan sites and Richmond group have taken over a thousand pounds from my account even though I have not agreed to anything to the best of my knowledge. I only wanted to see how much the re payment was if I took a loan. Has anyone else had any experience with this group?
