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Opinion Request which one credit card or loan and which type?
ok i am considering borrowing £1000 or £1200 max, i bank with Halifax, i have read on here that for this small amount it may be better to get a credit card instead, should i get a loan or a credit card? I haven't had a credit card for 12 years, and that was basically the last thing to show on my credit account, so i am…
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Loan with a default, but hsbc have since given along/credit card
Hi. Quick overview. I had defaulted account against me from cahoot. 100 pound overdraft that they requested paid back but we moved house so didn't recieve the letter etc. It decimated our finances. That was over two years ago when we were made aware of it , the default is probably three years ago on our record. In July…
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Applying for car finance twice
We applied for car finance this week (direct from car dealership), and the plan was to go back and sign the finance paperwork at the weekend. But we have decided we'd like to go for a different deal (different manufacturer, different dealership, cheaper car)... But now that we have such a recent finance application, are we…
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Sainsurys Loan approx 1 year ago - Nectar?
Hi All, That's it; senility has finally got it's foot in the door - took out a top rated loan via MSE (thank you so much boiler for going awol two days after we switched it on end Sept last year!) from Sainsburys a year ago and I seem to recall it came with a whole bunch of Nectar points. However I never got the points on…
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Opinions Please
Hi all To set the scene; I am 8 months pregnant with second child. I am therefore highly emotional and incapable of rational thought. :oo Please help. Current car keeps letting me down. It's 15yrs old with 70k miles on the clock. We've spent c £1300 on it this year so far, and a new problem has cropped up which looks…
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Unsigned Car Finance Agreement?
I purchased a car back in March this year with finance provided by Marsh Finance as I have a less than perfect credit history. The dealership was Evans Halshaw, so a well known national chain. However, they apparently "brokered" out the finance via a 3rd party company called Mann Island. I have recently started receiving…
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Loan before rate rise
Good evening We have recently moved to a new house and need to do a few improvements. We currently have a loan with 6 grand left on it. I have worked out we need another 5 to do everything. I was going to wait until the new year but concerned about the interest rise from BoE which looks like will be in the new year. Should…
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Joint loans
To get a joint loan do you need to be living with the other person in either rented or mortgaged accommodation?
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Debt consolidation Loan
Hi all, I've been looking around for a loan to consolidate all my current debts: Car, credit cards, etc... However I'm either getting turned down or a loan with extortionate montly payments. My question is this: Is there a loan company that takes into account that all the debts you currently have won't be there when it…
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Can you get BMW finance with low credit score?
My partner (who at the moment I think is a complete idiot but that's another story!) has decided he wants to try and get a BMW 1 series. Had a look online and a used one is about £12,000. Last time I looked at his Experian file (who I've been told BMW use to check) his score was in the low 400's. His salary is £27,000 He…
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Was I mis-sold a PCP?
I bought a new Corsa earlier this year on a 3 year PCP, my salesman said, and i can practically quote, "After 18 months you can hand it back and walk away without consequence." This was his primary selling point with me as I have never had a car longer than 18 months - I usually buy second hand and change up regularly. So…
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Moneybarn Car Loan Problem. Advice Please.
Hi All. I had a car loan from Moneybarn in August of 2013. The details are below : Loan Details : Amount of credit : £11,033.00 Total Payable after 24 Months : £17,334.97 Price of Car : £13,000.00 Cash Deposit : £1967.00 Total Interest Owed : £4334.97 I am self employed but my business has a reasonable turnover.…
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Secured loan
Hi, I am hoping someone will know more than I do about secured loans. I have been in a DMP for 5 years and now owe £7500 on it. Since taking out the DMP I have not missed a payment although my circumstances changed and my repayments were reduced after the first year. I am coming to the end of divorce proceedings and the…
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High interest rate bank loan
Afternoon MSE forum, I've had a loan with RBS for a couple of years now and in a recent review I found out it's at some silly interest rate like 20%! So the employee at RBS very kindly did a quick review with me, looking at my credit cards as well so that we can consolidate into a loan with a better rate and clear my…
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front loaded interest
Hi I had a 10000 loan with hfc in 2006 which I defaulted on..they took me to court and put a charge on my property but put front loaded interest on the loan..so I have now paid off the 10k but the solicitor dealing with it tells me I still have another 9k to pay is there anything that can be done does anyone know X
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Car loan - no longer need car. Advice?
Hi All, In December 2014, my wife and I replaced our second car with a brand new Nissan Leaf and took advantage of the 0% finance offer, with the intention of 'handing back' the car after 24 months (to avoid optional final payment), or changing for a different/later model. Our circumstances have changed and so we no longer…
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First time buyer - advice needed
Hi, Any advice would be amazing, I'm a first time buyer, mortgage approved and house finalised beginning of August, I need some home improvements so I'm looking at getting a loan, I am hesitant as I'm not sure if this is too soon to apply as I don't want to be rejected then have to wait for further 6 months or so to…
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family loans
is there anyway i can stop family from obtaining loans ,i no if i pay off daughters loan she will sooner or later go for another loan
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Incorrect Settlement Figure, Erudio Student Loans?
Hi! Having paid off all of my other debts, I am about to finish off my student loans in full, early in October. I rang Erudio (SLC sold my loans to them, like many others) in late August, to get an idea of a settlement figure...and here's where my issue starts. They told me that my settlement figure (including the August…
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Loan for debt consolidation - what am I doing wrong?
Hi all, Ok, so I need a little bit of advice, as my current situation is ludricrous. I have around £15k of debt, spread across credit cards, HP car and other credit agreements. As it stands I fork out around £500/month on this debt through minimum payments. If I was to take a loan out to clear all of this, at 5% it would…
