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Student Loan - Almost Paid Off - Should I hold fire to save for potential higher refund?
Hi there I have just 2 more months whereupon I will be paying for my Student loan. My last payment will be during my October pay packet - leaving me with an over payment of £103 - Nice! I can claim for a refund and smiles all round :) My question follows: What if I choose to ignore the fact I have paid off my loan? Can I…
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Loan with Short Term Finance Ltd
I recently applied for and received a loan for £100 from Short Term Finance Ltd. The repayments are for £10 a week for 16 weeks. The APR is 2131.77% and the Annual Rate is 195.54, to repay a total of £160. The problem I have is that the first payment was taken by debit card the following day after receiving my loan. Now I…
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BW Legal chasing a payday loan from 2013
Hello this is my first post, if its not in the correct section please move the thread. Details: Received a claim? Yes Issue Date: 8th August 2019 Have you Acknowledged the Claim?: Filed a dispute to the court Total Amount Claimed : £1200 Claimant’s Name: PRAC Financial Limited Solicitors Firm: BW Legal Original Creditor:…
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Quickquid reclaim
Hello, I complained to QuickQuid for irresponsible lending in 2018. They sent a final response to say they don't believe they are in the wrong. I sent my complaint to the FOS but (yes it was my fault I didn't read it properly) it was outside the 6 month time limit so they can't help. I really feel that I am right, is there…
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Repossession: A Practical Guide
My brother’s house was repossessed 6 weeks ago. Lender confirmed yesterday that only offer they’d accept to allow house to be reclaimed would be full redemption of mortgage and this is not an option. Family didn’t know about repossession until last week. I’m trying at this stage to salvage something from all this. My…
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Loan payments not taken?
3 months ago I applied for, and was granted a loan for 15000 with a large finance company. They sent out the paperwork for me to fill in, which I did and returned it to them. I then received the money a few days later and a letter confirming the details of said loan, such as total amount, monthly payments, start date of…
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UK national looking for loan for property in Ecuador
Hi folks! I am a UK national resident in Ecuador. Not resident in the UK. Wondering if anyone knows if there is any way of getting a 20 to 40K dollar loan with an institution in the UK or overseas? I suspect this will be very difficult if I am not a rich person and not tax resident in the UK. It is to finish a construction…
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Help: advice on getting money back from divorcing sister
Hi All, I wonder if someone may be able to offer some advice on this loan problem I have. About 8 years ago I leant my sister and he husband about 20,000 GBP (over 24 months) to help her and her husband with an overseas business. The money was lent while we both living overseas however it was from my UK HSBC account into…
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loan for one payment debt
Hi advice needed here please. I have a unsecured loan with nationwide of £10977 apr 7.1 repayment £190 a credit card with virgin money £3550 0% apr untill march 2021. I have been accepted for a M&S loan of £14500 to clear the debt and just have one payment of £210 for 7 years. i will also try to overpay on this loan to…
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Money from a "Friend"
Good morning 3 months ago a good friend of mine borrowed me £200. I said I would pay it back a couple of weeks later. 3 days before I was paying the money back the person said it was ok and not to pay it back. Things were progressing nicely to more than friends. Now he is asking for his money back asap giving me by the end…
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Email from The Money Shop about Proposed Scheme of Arrangement
I wonder id anyone on these forums could advise my daughter as to what action to take following an email from The Money Shop. Many years ago she took out a number of Payday Loans with Payday UK. All of which she eventually paid off. However this month she received an unsolicited email from the Money Shop in regard to a…
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Multiple loan applications - only 1 taken
Good evening all, I recently applied for a loan of 15k with Sainsburys bank.. They came back with a rate of 8%Apr. So I also applied with 2 other lenders who came back with astronomical APRs. I will be accepting the Sainsburys offer but have I completely messed up my credit profile in doing this. The applications were…
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Never had a loan. Zopa advice.
Hi, I was looking for some advice re a loan I considering. Apologies if it has been asked before, I have attempted to search and couldn't find the answer. I am considering Zopa loan to consolidate my debts. I have never had a loan before. I am a complete novice and admittedly clueless. Previously I was advised it was…
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Paying off Car Finance
Hi, I recently had to buy a new car in a hurry (someone crashed into the last one). I currently have it on a £5500 car finance at a high interest rate. Does anyone know of a way to pay it off cheaper? Am I correct in thinking I can't use a 0% percent credit card?
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Missold Loan?
Hiya, myself and my wife have just joined the forum and hope we are ok to raise this point. We were in a pretty good place financially in 2000 and saved over £10K in around 5 months allowing us to buy and furnish our first home with a mortgage from Abbey National (Santander). Being made redundant and my wifes income…
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Need student loan but have poor credit rating
Hi, slightly complicated scenario. I’m am starting my diploma at Warwick University in September. It’s a part time course while the practical aspect is undertaken at my place of work . I’m taking a lesser wage as my job role is changing to a trainee until I’m qualified. My main question is I will need a student loan ,…
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Student Loan - balance different on paper statement and online account
Hi all I have some confusion with my outstanding student loan balance. When I log into my online account, the amount that shows for 'This is your current outstanding balance, including interest, up to 31/03/2019' is exactly £1000 less than what I received on my paper statement, for the exact same date. Is it worth calling…
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Startup loan vs. personal loan
Hi Everyone! I am planning to have a loan to invest in some camera gear (I want to run a video/photography business) and I've found 2 different loans that could work: - a startup loan - a regular personal loan Long story short: the personal loan have a lower interest rate than the startup loan. It seems clear which one to…
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Student Loan Repayments - Massive Con
I have been recently been having some dealings with the SLC/HMRC etc. due to paying off my student loan in full. I noticed something very interesting (not very surprising either). Firstly, it seems to be very disorganised and a far from optimal setup i.e. communication between SLC and HMRC is dysfunctional and causes…
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Advice neded instant cash loanw
Just wondering if anyone knew about the above company voting scheme. Received s letter to vote in a creditor meeting about redress for people who had loans with moneyshop, payday express payday UK and several others. Letter stated that they think they owe me money following a high court ruling on August 9.
