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Something seems dodgy about this?
Hello, I need some more advice and would be grateful if anyone could help. Without giving too much detail, my DB took out a loan for £19k ten years ago with exp. They since split, exp has new child and zero financial acumen - but they are stuck paying off this loan together and they do so religiously in fairness. However,…
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overpaying loan
hello, please help with my math, I have 4000 owed for 30 more months at 12.9 % ,my monthly is £167. what would happen ie how much would I save if i over pay 200 a month, regards
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FYI - FOI releases on student loan repayment threshold policy (retrospective changes)
There are now 2 extremely insightful freedom of information releases on how the policy on this developed with the pre-2012 threshold (notably hardly anyone seemed to acknowledge prior to me raising it that retrospective changes to thresholds and policy intentions occurred with the pre-2012 threshold). There was much…
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Loan to a friend
I am in an unusual situation - I own a maisonette leasehold but the Freeholder to the property is - shall we say difficult. We just had a huge amount of building work on the property which I paid for. She will only now pay the builder and not me. Meanwhile the builder had a financial problem as one of his employees…
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Skye Loans
Hi I'm after some advice please. I took out a loan with black horse in 2006 which was for 120 months. I this loan was sold by BH to Skye Loans in 2015 a letter was issued advising us of this and other than a couple of months payment break at the beginning, payments have been made on time every month. I contacted Skye Loans…
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Advice request
Good evening, Im just after some info regarding loans and acceptability etc I am after a large personal loan, i am transgender amd dont fit the criteria for the NHS's strict guidlines for surgery so the only option is private. The quote i got was £33k for all the surgery!!! I am a father and huaband and my wife is behind…
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Personal Loan - Worth Applying for Home Improvements? High rate offered
We've only taken smaller loans for cars in the past but we are considering borrowing £20-25k over about five years for home improvements. We probably have enough cash in savings but want to keep about £20k "just in case". We have a decent household income (40% tax) and low mortgage so we have been able to save quite a lot…
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equity loan help to buy pay off
right... i need some advise please on a plan i have to see if it's a good idea or not, me and my partner want to buy a house with a help to buy equity loan scheme, house price roughly £200K so our deposit will be £10K and the government will provide us with £40K, so the plan is to save £200 a month for 5 years (the…
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Homewise.
We are looking to slightly down size and move to be near the sea. We think we would have around £240k to spend and are mortgage free. We have come across this scheme, "Homewise." which helps you get "more house for your cash" and is only for over 60's Seems as though the pay back is very high Has anyone any experience of…
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CreditMatcher - Excellent Credit Score but 10% match on most loans
Hi all, I am looking for advice before applying for a car loan. I work part time with a decent salary as well as having my own business (which I don't really earn from at the moment). I would like a car loan of around 10k which is less than 50% of my part time salary, my experience rating is very good at 983 yet when I…
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loan interest rates
Most banks charge less interest for larger sums borrowed. If I only want a small loan say £1000 pounds, borrow say £10000 then pay back £9000 in the next month would the rest £ 1000 still be at the lower interest rate? gus
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Applying for a PGCE student finance after working abroad and now I need HELP!
Hello all. I graduated with my bachelors in 2012 and aftr spending some time working in dive bar I decided to spend a year teaching English in China before returning home where I then became bored after 9 months and went back to China again for another year. I've recently come back after making my mind up to get a PGCE and…
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Where to get easy loan besides from bank/zopla
Hi guys, Got a friend who needs a loan to study a course but she isn't a British national. It's also difficult for her as she is a nanny so the job doesn't pay so great or if particulary stable or guaranteed income from a bank persecptive even though its fine of course as she is paying rent etc... She has been looking at a…
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Loan payment confusion :(
Hello, Myself and my girlfriend took out a loan with Barclays for £13,000 with an APR of 4.9% We currently pay £244 a month which over 60 months will result in a total payment of £14,640. Resulting in £1,640 in interest. If I am not mistaken this means we are paying 12.13% interest? I'm going to be honest I thought we…
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Applying for amigo loan
Hi all I'm looking to apply for a loan with amigo for debt consolidation. My credit score is very poor at 526. I have been out of work previously due to ill health and to stay a float I've had to use payday loans which has affected my credit. Although amigo loan rate is high it's still better than where I am at with payday…
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Interest only mortage
Hi, I live with my brother and his family. Their interest only mortgage was taken out 1994, so only a couple of years now before the capital needs paying. The problem is, they don't have the money, which is £50,000 and to make matters worse, they were made bankrupt in 2006, so this would make re-mortgaging difficult. They…
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Spectre of Redundancy
Boom times are great aren't they? I've had it good at my work place for the last 16 years however, things have changed, we are over staffed 3-1 and there is a likelihood of redundancy on the horizon. Whilst all my credit cards are paid off in full if and when I use them, I am worried about the unsecured loan of £10,000…
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RBS Loan help....
I have got a loan with RBS and the balance today is -£3475, I gave RBS a call earlier to ask for a final settlement quote as I have just come in to a little bit of money. However the final settlement they gave me was £3560 as this includes the 58 days interest that I would be required to pay for an early settlement. The…
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Loan or Finance?
So I'm going to be getting braces from YourSmileDirect UK, they offer finance, but I'm not sure whether to use finance from them or get a loan from Sainsbury's. I've been working at Sainsbury's for 3 years and I heard they just take it out of your wages each month? Hope I can get some good advice, sorry if this is in the…
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Bad credit car loan for purchasing lease car
Hello MSE users, I have had a lease car with NHS fleet solutions for over 2 years, and the contract is coming to an end this summer. I would like to purchase this car at the end of the contract, but do not have the full amount of £7k. I have saved up a few grand, but a few grand short. I am on a DMP, have CCJs, and a bad…
