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Redundancy & 50k Loan
Hi Forum, I've recently been made redundant at work, and have settled at circa £50,000. I also have £20,000 in savings of my own, plus an additional £150,000 to be gifted from family. Thats £230,000 total. I need to keep a float of £20,000 so have £200,000 to spend on a property. I obviously cannot get a mortgage now…
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Ratesetter
I am looking to borrow 5k to replace my aging Volvo (I hate spending money on cars so would never buy new) and wondered about the lender Ratesetter. It seems to have a competitive APR and this is currently advertised as 4.10% (fixed) I wanted to borrow the money over 36 mths and should have no problems meeting the…
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Need advice on getting a load
We have a house in Fulham, London with a lot of equity in it. The house is currently worth 2.2 million pounds and we have a morgage of 250k pounds. Whats your guys best advice to release equity from the property. We're overseas landlords and the house is currently rented for 1200 pounds per week. What we went to do is try…
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Loan amount received in error!
Hi, I recently called my bank and inquired about a personal loan of 25k (on 13/07/2015). This was approved on the phone and I advised the lady that I do not want the money until I have found the car I want to buy. She advised that the money will not be paid to me until I have signed and returned all paperwork and that I…
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Should I apply for a loan myself or as a joint applicant?
My wife and I currently owe around £20k on outstanding loans and CCs...(I owe £11k whilst she owes £9k) we're both decent earners but would save a lot in monthly payments by consolidating into one loan over 5 years, so I'd like to apply. Trouble is, I have an "excellent" credit score - 999 out of 999 with Experian, whilst…
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Refinancing loan advice
Hi All, I'm currently weighing up the options as to whether it's worth taking out a new loan to refinance my debts. Current Situation Bank Loan £1600 outstanding Overdraft £2250 As I'm currently stuck in my overdraft, this is costing me £35 per month. My loan repayments are £225.18 per month and run until April 2016.…
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First Plus Loan
I have a first plus secured loan which has been running for the past 8 years and I have never had a yearly statement from them. I was wondering if anyone knew if they should be sending me a statement. They have said that they don't have to.
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Mistake on online form
We have applied for an online joint loan and realised my salary is £1k less on the form than it really is. It's with the underwriters am I ok to call an explain that my salary is actually more than stated on the form? I work part time and my OH worked it out on less hours than I actually work. Many thanks
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Loans v's Mortgage
Wondering if you could help me? I have a loan of £5,500.00 ata rate of 8.9% I am looking to buy my first home in the next five months (Ihave a deposit of £30,000 but I am not able to use this money to clear theloan) I pay £175.00 per month on my loan. I do have savings of an additional £1,000.00 which I amhappy to put…
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Unregulated Picture Loan
Hi, I am after some advice please. Firstly, I don't need any keyboard warriors getting all hyped up and judgemental. If you have nothing constructive to say move on to the next post! Secondly - yes I was naive and stupid enough to sign up to this loan 10 years ago & no there are no arrears or missed payments on the…
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Season ticket/interest free loan from employer
To pay for rail annual ticket. Does this attract tax, ni and student loans or would there be a saving? For example, £800 loan paid back over 10 months - would my pay be £80 less liable to tax, ni and SL?
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Closing unused credit affect loan application?
Hi Just wondering, if I closed a credit card whilst a loan application was being processed (the balance had been transferred to a 0% previous to the loan application) If I called to let them know would this positively or negatively affect my application? Many thanks
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Can i switch my loan to a more favourable interest rate
17 months ago I took out a loan with my bank for £25k over 5 years I still have £19k on this loan at 9% interest rate. I haven't missed a payment with this loan or with any others but have noticed loans at much better interest rates and was wondering if I would be able to swap to one of these loans instead, my current loan…
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Bad credit loans
Hi All! When I was young and stupid I got behind on a payment and had a dispute with my bank which led to 2 defaults (2011 and 2012). When I was in a position to pay them back a couple of years later I was advised that there was no point as my credit file was already ruined unless they could be persuaded to remove the…
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Does your partner's income count for student loan repayments?
I am helping a friend. To cut a long story short she got married to an American and moved there a year ago. She had no idea she needed to inform the student loans company about this so she is now filling out all the necessary papers so they know her whereabouts. She is an unemployed housewife, her husband supports her. We…
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MSE News: Payday lender Cash Genie to pay £10m redress for 'serious failings'
More than 92,000 customers of payday loan firm, Cash Genie, are due a share of £10m in redress... Read the full story: Payday lender Cash Genie to pay £10m redress for 'serious failings' Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…
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Dealer not yet settled old finance
Hi All, So I purchased a car on Monday last week and traded in my old one. During the sale it was agreed that the new finance deal which was set up (cost of new car + negative equity on trade-in) would be used to settle my old personal loan with Tesco bank. I've had the car a week now, the new finance was confirmed as set…
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Halifax Loan
Hi. I was wondering if you apply for a Halifax loan and are a paperless customer would your loan paperwork get posted to you (loan agreement) or be available via the online message inbox thing?
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Interest free or credit card purchase
What is better for me for a £1600 purchase? Apply for a new credit card with the post office or the company is offering 12 month interest free credit? I can afford the repayments over both durations. Which is best option? Is there any benefit one over the other or does one effect my credit rating more than other? Any help…
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Loan application whilst working as a temp
Hi, I would appreciate any advice anyone can give me: My brother has asked me if I would take out a 3K loan for him which I am seriously considering. I bank with Lloyds and my classic account has been fine for the last 20+ years however my current job is long term temping (3 years and still ongoing) so would they…
