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The never-ending cycle
I had plans to be skint this month and pay off everything I owed in one fell swoop. But that didn't happen as unexpected emergencies arose. Not only do I now owe more, as soon as I get paid, it's going straight out again. I'm at the point of no return. I don't owe a lot, 3k, compared to some, however, it is more than I…
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help needed - fraud?
Hi there, not seen a post that answers this specifically. So, someone with the same name as me, lets say John Smith is both our names, this JS has found out my current address and DOB and has applied for credit cards, bank accounts and at least one payday loan (that has been paid) using my DOB and my current address as his…
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Making overpayments on Santander loans
About six months ago I made an overpayment on my personal loan. The terms and conditions stated that if I made a transfer to a particular account number, and didn't call them about it, then the payment would be applied to reduce the term of the loan. Today I received a statement and the overpayment hadn't been applied.…
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Some advice for a young person
Hey guys, My name's Ross, and 20 years old. I'm currently in an apprenticeship at the moment studying Accountancy. I'm on a steady income of £1000 a month before tax, and have virtually no out-going expenditure other than my phone bill as my parents are fine with my living rent-free. (Occasionally ask for some money…
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Advice appreciated on sons loan please
My son took out a loan for a laptop and since losing his job is struggling to pay the instalments. The loan is due to change to a really high rate of interest if he cannot pay the full amount outstanding by the 18/11/12. The loan was taken out at a lower rate but then changes to the higher rate on this date. Any advice…
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Serious Advice please....My Redundancy has caused me not to be able to pay my loan
Hi Guys, Any advice you can offer me would be great. In a nutshell I took my loan out with Lloydstsb nearly 3 years ago, and I've never missed a payment. I got made redundant back in March, and I've been using every bit of last penny I've got making sure I didnt miss a payment every month. As time has gone by the pot has…
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Agent field force
Hi, Any help would be much appreciated as I don't know what to do. I took out a loan with log book loans in dec 2011. First I was advised that they were taken over by Nine Regions, then by Hermes then by Agent Field Force. My debt management company has now been informed by Agent Field Force that they no longer have my…
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Borrowing more money and paying it off early to get a better interest rate....
Hi, my wife and I have been looking into getting a loan to do some work around the house and buy some of the more expensive bits and pieces for our new arrival due next year. Having looked around the MSE site, we found Sainsburys have the cheapest rates of about 5.4/5.5% for 'medium' loans between £7500 - £15,000. However,…
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Loan newbie after some advice
Hi everyone. My scenario is this: I currently have a car with a value of around £6000. On Saturday I'm buying a car for £11,000. I have £6000 in my account, but I need a £5000 loan to cover the cost of the new car until I sell my current car. I am going to go with Lloyds for my loan as that is who my bank account is with.…
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RateSetter Smart Quote
Hi I currently have £7000 worth of debts - credit cards/overdraft. I am signed up to noddle - I have never missed a payment - no CCJ's or bankruptcy. Noddle gave me a likelyhood of 6/10 for a Ratesetter loan. So i went on their website and could see they perform soft searches so it doest affect your credit. I completed the…
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£2486 "broker fee"?!?
I'm in debt. A lot. So I realise that beggars can't be choosers. But considering that the word "help" is being used all the time by the government ... where is it? My choices are bankruptcy (dumping my debts on everyone else) or taking out a loan and keep fighting. But when lenders know they have you cornered ... they…
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Lending Stream - Literally lying to me ?
So ill start from the beginning... again. I took out a loan with LS for approx £300. everything was going fine then one day i logged onto the website and it said that the full amount to be paid was about 400 and these were dated 23rd november and 26th november... (They changed my 6 month agreement to 2 months and made the…
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Need to consolidate
Hi all. My husband and I are currently in £12000 of debt - on credit and store cards - this is not including the 2 cars we have on finance. Monthly payments for the credit alone top £300, and we have worked it will take the best part of 10 years to pay them off at the rate we are paying now with the interest on them each…
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Can't get a loan due to interest only mortgage?
Hiya, this is my first post! This is a question for my Mum really. At the moment, she has a £1200 overdraft which she keeps going overdrawn on at the beginning of the month after she's been paid, costing her over £100 a month, making her use her credit card too. Both are with Halifax. I applied online for a loan for her…
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Loans suited to a Poor Credit Rating
We are a married couple with too much debt but in the process of dealing with it,(This is the tip of a large iceberg!) however I need a little advice. We need to make some urgent repairs to our house, quoted at £2000, we thought it would be sensible to bundle up some other items, totaling £7000. We went to chat with our…
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18 year old, need a laptop but no chance of getting credit.. Help! (UK)
Hey guys, I am 18 years old (UK) and currently I have 2 credit cards (roughly around £600 debt on them from buying myself a car!) I am in desperate need for a new laptop for studying purposes however I am not on the electrol roll yet (despite registering in August ...) and I am unable to obtain a student loan due to the…
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Debt Consolidation Loan
Over the weekend I applied for a £15000 loan with Sainsbury's, which has a representative rate of 5.5% and was offered an APR of 7.5%. I am looking to consolidate my credit cards and have £9770 on a credit card with an APR of 6.95% and £5030 on a credit card with a APR of 7.8%. I have no defaults, etc. but obviously the…
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House extension financing
I am getting a house extension. I do not have the money to pay for it up front however I am coming to the end of my 5 year fixed mortgage rate deal. Currently I pay 6.09% on my mortgage. My work colleague suggested I just extend my mortgage when it came time to renew to pay for the extension. There are many deals on the…
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Need some insight if you please
Consider this scenario Would you rather be: A: £400pm better off now but £900pm better off in 5 years B: £0pm better off now but £900pm better off in 2 years Thoughts appreciated ;)
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CitiBank to Britannica Metric - to who now!!!
Hi I took out a loan with Citi Bank a few years ago, and when I tried to find out how much a settlement would be i was told it was sold to Britannica Metric. I then received a letter from Britannica Metric saying they now 'owned' my loan. all good so far...... tried calling Britannica Metric, searching for them just now to…
