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Car finance, apr with flat rate?
Hi all Noob question here. I am thinking of taking out car finance. I was approved for it with an APR of 9.7% (not great I know, but better than 25% stoneacre offered before!) With a flat rate of 5%? I'm struggling to work out how much I'd be spending monthly. Is it 9.7 or 5%? What even is a flat rate? I am new to this…
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Loan to a friend - sufficient for court?
Sorry if this is in the wrong thread. Around 4 years ago, I loaned a "friend" the sum of £1,500 in cash when she was in desperate need. I told her to get herself sorted and repay me when able. Over the following 2 years we stopped talking as much and she kept making out was still on the breadline, it turns out however that…
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Payday Loan Complaint - Please Help
Good Afternoon people, I was really hoping for some advice on what is best to do and mainly whether or not I have a valid case and reason to be upset regarding my issue. I had taken a loan out with lending stream a few months ago, not long after taking the loan out I hit a really rough financial patch where my personal…
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Reclaim payday loans for free discussion area
This thread is specifically to discuss the content of the Reclaiming payday loans for free guide: Get £100s or £1,000s back for mis-selling without using a claims firm To discuss or ask a question about the article: click reply
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Help composing an email to a loan company?
Morning everyone. First off, I want to say thank you to the people on this forum who helped me out a couple of days ago. I was in a very bad situation regarding debt and was contemplating ending my life. You helped massively. I have since calmed down and sought out help via stepchange and am waiting to set up a debt…
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help plz with payday loans
Hi, having read todays email from MSE, I noticed we can claim for mis-selling of payday loans. Few years ago I was caught in loop of many payday loans from many companys, living month to month, new loan to pay another. I am now debt free, im proud to say! All fully paid off. I've had a look at the free link on here to…
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Student loan Scotland to pay or not to pay. Moving to America
I'm new here. Apologies if this thread in wrong place or replicated. My son has scottish student loan which is going up quite rapidly. I think it's about £5,000. He left uni about 3 years ago. He is now moving to America to get married very soon. I have looked up he would have to pay about £246 a month once he reaches the…
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Car Finance
Hi folks, thanks in advance for your help. I have been advised that, although my car is £2k in negative equity, I can hand my car back as long as I have paid more than half of the loan, due to CCA regulations, with no apparent penalty. My questions are, 1, is this possible? 2, Are there really no penalties, credit rating…
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Student maintenance loan and Salary Sacrifice
Not sure if this is the right forum for this but here goes. My step-son wants to go to university next year so will be taking out a student loan. My understanding is that he can get a Student Loan for the full amount of the course, £9250/year. However, he will need to live so will be getting a student maintenance loan as…
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Consolidation Loan overpayment?
My partner took a consolidation loan out over 10 years ago to last 10 years paying £130 per month. It was to pay off a 12k debt. 3 months ago he wanted a payment holiday for 1 month and he was told to cancel the direct debit. Unfortunately due some other money issues he hasn't paid it for a couple of months. He's rung up…
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Payday loan reclaim
Morning, After reading today’s email I seen the Collum on reclaims back from your pay day loans. between 2011 and 2014 I had numerous payday loans which ended in a spiral of repayments and taking back out bigger loans setting one company off against another. It was mainly wonga and MyJar but there were others, I have found…
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I desperately need some help
Hi I am in a real situation with my finances and i am hoping someone will be able to give me some advice/ support or just a kind word at the moment. I have a real spiral with payday loans at the moment, I’m borrowing every month and gradually falling behind, i currently have active loans with the following Safety net…
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Declined loan because of past complaints
Hi, I recently applied for a car loan with a company, and my application was declined. I previously had a loan with the company however I complained about the car as the radio stopped working after about 3-4 months of ownership. The finance company said they didn't think they were liable for the fault but I took the…
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Payday loans discussion area
This thread is specifically to discuss the content of the Payday Loans guide: Payday loan best buys? Check cheaper alternatives first To discuss or ask a question about the article: click reply
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Falsly accused of a loan
A friend of mine has had a letter from a debt company who have been instructed by her ex that she owes £4000 plus £13800 in their fees. Upon recieving this she instructed her solcitor to engage them. Shes just had a reply from the debt company and been provided with a loan agreement between her ex and her self (signed by…
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Student loan terminated
Hi I have been deferring my student loan since 2000. I have just received a letter from Erudio saying I have not deferred this year and now the contract is terminated and I have to repay in full in 7 days . They only have one year of my 3 year loan- I don’t know what is happening with the other two years . I sent in my…
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personal loan against fixed deposit
I have cash tied up in a fixed deposit that matures next year but want to find a way of raising money as a downpayment on a house purchase before maturity. There is no scope to prematurely end the fixed deposit even with penalty. Does anyone know of any lender/ product that would allow me to borrow short term against the…
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Payday Loan issue
Hi I noticed that some people are claiming money back from payday loan companies and I am interested in your views on my situation. For the past 4 years I have been able to take out a payday loan with a certain leading company despite the fact I have not worked full time since 2014 and I have been able to just type in what…
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unsecured loans / mortage
Hi , this is my first time on anything like this , and I am a little lost , I want to buy a business but have no collateral in the uk I have two properties for sale in France but lenders won't take them as security , I am looking to borrow about £25.000 can anyone help or have any suggestions please . Many thanks. Angie
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SLC Plan 2 - Wrong interest rate?
I have been repaying my Plan 2 student loan since the 2016-2017 tax year. During that tax year, my average gross salary was £36,000, and so I was expecting a fairly hefty rise in interest rate in September 2017, from the previous base rate of 1.6%. However, having got my 2017-2018 tax year statement, it appears I have been…
