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Can I use payday loans to rebuild my credit rating
Hi, I had a debt relief order last year which is now ended, but even the local tramp won't give me 5p credit now. I've been using payday loans, scumbags that they are, and have been making sure I repay early or on time. My question is - do payday loans improve my credit rating? thanks.
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Let's talk about the NRAM loyalty rate scam
Hi all I'd really like to explore what can be done about the NRAM loyalty rate scam where they lower your rate from the SVR by 0.01% to avoid having to give you the loyalty rate. I know they are using a get out clause to make it "legal" but I see this as a scam, a con and outright theft. A classic example of the customer…
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Buying PPI on a loan mid-term
This is probably the last question you expect to hear from anyone given the bad press PPI has received, but is it possible to buy a PPI policy on a loan midway through the term, or does it have to be at the beginning of the agreement? You may be wondering why anyone would want to add PPI, but the reason is simple; I was…
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Emergency home repair - bad credit
Hi First post. I'm a single parent, working full time and have a mortgage and don't have any savings. My credit record ought to be fine, all bills are paid on time, but I have a default of £19 ( I've paid it and am trying to negotiate with the company to get it removed, since this tiny amount is ruining my credit rating!).…
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student loans/private loans
hi everyone. my debt situation has got the best of me and i need some advice. the situation might not seem an issue to most of you but it has clouded my judgement now knowing that it is in the background all the time. having read these forums i am aware that some people on this site are quite antagonistic. i would like…
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personal loans
Hi there, any advise very welcome. My son who is now 20 and been in a full time well paid job for nearly a year has been trying to build up a credit rating - as advised to do so by his bank Nat west. Unfortunately, this is proving very difficult, they won't allow him a credit card and he applied elsewhere with no luck. He…
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help with secured loan from equifinance
he has decided not to go ahead with it now THANK GOD
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Car loan or lease options whilst in an IVA
Hi, I am currently in an IVA and have been offered a job which comes with a car allowance. Is there any way of me getting finance for a car or a lease agreement in order to be able to take this job? Many thanks G
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trying to get a loan for home improvements
Hi all---first post so go easy! My partner and I have had a joint mortgage & current account with Santander--house is valued approx £160k--£75k left to pay on mortgage---she works full time and I am self employed for last 3 years with business doing really well. We applied for a loan from Santander £22k for some home…
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How will Credit Union loan affect my credit?
I have poor credit and have been aiming to become debt free over the last couple of years. My last debt is my £2000 overdraft. I intend to get a loan from my Credit Union to pay this off (I have £1000 saved with them). If they will give me this loan will it affect my credit rating? I want to improve my credit so would…
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Loan 18 year old
Now I'm looking to sell my current motorcycle for £1600 add that to my savings of £2000 and i will just about have enough for my new motorcycle and insurance deposit and month 1 payment. Now I'm wondering, would it be possible for me to get a bank loan? I just turned 18 and all my insurance fees etc go through my mums…
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Car on HP, but don't need it now!
A bit of advice please. My son in law bought a car on finance and pays £150 a month, he still has 3years left to pay, he now has a company car, and apart from no longer needing the car is struggling to pay for it as his new job is lower paid. He went back to the dealer who says they won't buy the car back, and he can't…
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Credit score
Morning I owe 800 euros to Barclays Bank Spain The debt is about 4 years old, I took a bank loan out when I lived in Spain. I have been back in the uk for 4 years. I Recently received a letter from Barclays saying if I did not pay the 800 within 60 days they MAY inform the uk credit agencies. 60 days has been and gone i…
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Help everyday loans, advice needed
Hi guys I recently signed a loan agreement with everyday loans as no one would touch me as i have a fair bit of credit but was looking to consolidate. I agreed to a loan to consolidate four different things which had apr rates of 18%, 18%, 29.9%, and 34.9%. With everyday loans they agreed an apr rate of 23.9 so will only…
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Car Finance
My son started work 2 month ago, and decided since he was earning to try and get a car. He applied for finance through Peter Vardy (Black Horse), and was turn down. He has never had credit, and his Experian Credit Rating was excellent. I presumed it was because of the time in his job. Are there any other car finance…
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Overdraft or personal loan?...
Hello I'm looking to loan £5000 over 3 years. What would be the benefits of using my Mrs' £5000 overdraft continuously over the 3 years rather then get a low rate personal loan (in terms of our personal credit files, and we'll be looking to get a mortgage in the next 2 years). Any advice will be greatly appreciated! :money:
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HP approved without evidence of salary
Our local Vauxhall dealership approved a 4 year HP Agreement on a used car for my son without him providing any documentary evidence of his salary. After 6 months, it is apparent that he cannot afford the car and is struggling with his expenses. (We did try and talk him out of buying the car at the time but, being a…
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Urgent – banks are scamming business owners!
I have been working in the banking industry now for many years and getting a business loan is nothing more than a popularity contest. Basically without going into great detail, the more popular your business is the more likely you will get a business loan. What’s crazy is that in addition to that they not only want your…
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Purchased Sofas on credit but no money taken out my account
I recently purchased some sofas on credit and provided my bank details and signed all the paper work etc... I was told the money would be paid over 24 months with the first payment taken out after delivery of the Sofas. The sofas have been delivered (been over a month) but no money has been taken out as of yet. Should I…
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Paying off hire purchase early
Hi, Almost 2 years ago I took out a hire purchase agreement on a new car. I am in a position now where I could pay off the remainder of the debt - is there any possibility of paying off a HP agreement early and is there any benefit in doing so? As I understand it the interest is fixed and I would not make any saving paying…
