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Financial Ombudsman - Multiple Complaints?
Hi Guys, I'm looking to make a complaint to FOC regarding multiple loans that I was granted. Can anyone tell me if this must be several individual complaints or should be a combined single complaint? If they need to be individual per company can you still reference the other loan details as they were on file and should…
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Moneyshop
I am currently in the process of rebuilding my credit. However I've found a old debt with the moneyshop on my credit file. I've then realised the moneyshop is no longer trading. How do I pay the debt and remove it from my credit file? Thanks in advance
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Natwest loan refused due to new internal Coranavirus rules
My mother has a loan with Natwest and wants to extend it for a new kitchen. She passed all the credit checks and was greenlighted for it to go ahead, but a Natwest manager then blocked the application. She was told Natwest have implemented a new rule, implemented specifically due to Covid, to say you cannot extend your…
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90% LTV Mortgage
Hi all, Ive been told that banks are not offering 90% LTV mortgages at the moment, is this true? Im not looking to get this myself, but I am selling a house and its slow, very slow, my estate agent says this is the reason for it at the moment, is this true or am i being lied to?
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Equity loan or similar on inherited house, whilst renting elsewhere
Dad passed away recently and I now own his bungalow. Did put on market for reasonable £190k but lot of people making cheeky offers. Did reluctantly accept £165k offer but now buyers are being very greedy and taking more advantage, wanting this and that included etc. Seems a bad time to be selling, but my money situation is…
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Voluntary Termination on car finance (PCF Bank)
Good afternoon. Hopefully I've posted this in the correct section as I couldn't see one aimed at car finance. I have had my current car finance agreement running for around 3 and a half years. When I took out the agreement, my credit rating was shockingly low for various reasons so I have probably paying over the odds in…
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Loan nightmares
Hi, i really need advice on what to do, my son who is 20 has a tidy job, but unfortunately he is a very young 20, he is very easily lead, and i know that his so called friends have taken advantage of his kind nature. Ive found out he had a bamboo loan, satsuma loan and 2 other loans by different loan providers. I could see…
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Post office loan
Just wondering if anyone had any experience of a post office loan. Applied, they sent agreement out signed and uploaded documents to which I recieved an email saying we've received your documents we'll be in touch in 3 working days which was thursday, I had no email but received a letter saying your money is in your bank,…
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What is the best way to finance a car/van when I am not working?
Dear MSE,I need a car or van to start up my own business (very early days yet). I am mortgage free and jointly own my house with my partner. My partner works part time and I left my last job at the end of February but this was voluntary, as I was completely stressed with the role in distribution sales. So wanted to step…
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Representitive rates and credit file
Hi All, I'm looking for a loan in order to purchase a car. When I look at the loan calculators I see loans as little as 2.9% but obviously i'm not gaurenteed that rate. What I want to know is if I go through the application process and then get met with a rate i'm unhappy with will that be recorded on my credit file? I…
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Finance new car
Hi, just prior to lockdown I was in the process of buying a new car through 3 year finance scheme, using my car as a deposit. I signed a customer proposal form via a photo of signature sent to the salesman, I never actually visited the showroom. Then we had lockdown and everything was put on hold, I would like to know if I…
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Can I transfer a car pcp?
My financial situation has changed dramatically and I'm only 18 months into a 4 year pcp with vw. I now need to end this arrangement as I cannot continue with the monthly payments. If I hand car back I still need to find £5k which I cannot manage. I know someone who could take on the PCP. Is it possible to transfer the…
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Car as a gift
Hello I just wanted to check if it is possible to buy a car on finance and then let my wife drive it, in essence she would be the main driver although I would use it too. I’ve seen contrasting reports many thanks
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Taking loan to pay off car loan?
Hi guys, I noticed my APR for a car loan (HP from Black Horse) looks quite high - 13,9% . I have a balance of £11 500 to pay (50 more months) or a settlement figure- £9100. I was thinking of taking a loan to cover settlement figure which would have a lower APR. Does it make sense at all? Any thoughts?
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Cut existing loan costs - have you saved from 'switching' loans?
Hi all, a new thread to capture any successes, savings or real-life warnings from switching loans (for more info, please see our Cut existing loan costs guide). Please share your experience if you took out a new loan at a lower rate, and paid off an existing, more expensive loan. To help inspire others, please let us know…