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Guarantor for someone who has stopped paying!
Hi I'm hoping someone can give us some advice. 2 years ago my husband agreed to be a guarantor for his friend for an Amigo loan. He did this previously & his friend always paid. However he has now suddenly stopped paying. We have tried everything to contact him, His phone number is no longer recognized, we have no address…
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funding house extension
Hi,looking for some advice re: funding a home extension. I have inherited a property worth £150000 with a £15000 interest only mortgage outstanding. I have had plans drawn up for an extension costing £45000 I currently live with my partner of 20 years in a property with a valuation of £130000 and an outstanding mortgage of…
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Car finance on benefits
Hi all, wondering if anyone can help me out. A few weeks ago I had a horrible ordeal. Basically I am sick of costly second hand 10 year old cars. I managed to get a desposit together and looked at newer cars with low milage, I found that one of these new cars on finance would of saved me over £700 a year compared to what…
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Redress refund
Hey all, Hope your all well and staying safe! Just wondering if someone has a calculation on how a redress offer is calculated? We've been granted a refund on an amigo loan (silly idea to take it out originally I know) original loan amount was for £10,000 with the standard interest rate of 49.9% over 5 years. We've made…
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Looking for grants for new business
Not sure if this is the right category but I'm looking for a grant for my new business. Anything good out there? Thanks.
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Loan help
This might sound a bit odd, but I need to lend 5 grand, however if I lend 7.5 grand I can get lower interest rate, this seems too simple so probably a stupid question but could I lend that and pay 2.5k back straight away? And be on a lower interest rate for the remaining 5k?
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Letter Re: Northern Rock
Hi all, I would appreciate some advice as I have received a letter today completely out of the blue. It states it is from PRA Group ad that I owe £8435.86 to them which was initially owed to Northern Rock (asset management). They have provided an account number. I had a mortgage with Northrn Rock in 2003 and a loan with…
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999 credit score - but always refused loans?
Hello, I've have, what Experian deem, a perfect score (999) for well over 8 years. I've never missed payments, have a mortgage and earn a well above average wage for the area i live in. Other than my mortgage (which i'm currently paying additional monthly payments off) and a credit card with just over 4k on (which has come…
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Marsh finance... not a clue!
In 2012 I brought a car with finance from Marsh finance. In 2012 I lost my job resulting in me failing to make payments and the car was repossessed. I was told it was taken to auction and sold, I have no idea how much and was never told. I was advised to carry on with payments but ended up losing my job again. I was taken…
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CCA Fee?
Hello everyone, Please see the settlement fee breakdown my partner received from one of her creditors: Settlement Figure Template Variable Data Date of request 08/07/2020 Balance as at date of settlement request 1892.14 Annual interest rate 64.46% Annual insurance interest rate 0.000% Number of days since last accrual to…
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How long should I give the bank before taking other action?
Bit of a long story, sorry. I took out a joint loan with my ex-husband. It was in joint names, but I was the one paying for it, as it was used for something I needed at the time. I paid off a fair amount of it. Then we got divorced. He wanted me to take over the loan and have it just in my name. I phoned the bank…
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Is borrowing for house renovation a good idea?
Hi All, I was wondering if it will be cheaper doing some renovation on loan now vs saving up and do in future (original plan was to do 1.5 years from now). Expected spend is going to be around £5000. Any pointers on whether this is good or bad idea will be helpful. Cheers T
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Not able to contact Student Loan Company-they have closed phone lines for loan repayers due to Covid
I am trying to contact the student loan company regarding repayments and the website says they have closed their phone lines for loan holders who are repaying. They are saying this is due to Coronavirus. This was understandable in April and May, but it seems remiss that they haven't adapted to provide continuity of…
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Bounce back loan credit checks
I'm being credit checked for a bank account before I'm able to apply for a bbl. My business is profitable and has very good credit but I have a personal IVA so I'm being rejected before get the chance to apply. What can I do? I had applied through my bank which is tide but they have stopped offering loans. What they are…
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Bounce back loan
Hi everyone! im a sole trader but I did not register my company yet but I have started my trading June 2019 it’s real turnover is around £90000 - £100000 then I have successfully open my business account from Lloyds bank before 3 weeks and I applied for bounce back loan 45,000, money was credited to my account next day…
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Paying off car balloon payment
I have a car with SEAT on PCP due to end in December with a ballon payment of £4000, I’m also pregnant with my second child so looking for a bigger car. I can’t afford to do a PCP on a larger new car, so want to look into a older car and established that it would be cheaper to do so with loan or credit card. My car is…
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Re: Amigo Loans Irresponsible Lending Complaint
Following on from a formal written complaint to Amigo regarding a suspected issue of irresponsible lending, they have now issued me with this response. I had three loans with them over the years the most recent of which formed part of my Bankruptcy in April 2019, and the outstanding balance was settled by my guarantor.…
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Natwest Personal Loan Digidocs
Hi all, Just looking to see if anyone had experience with Natwest personal loans? I'm been with Natwest for over 20 years with my personal account and 10 years with my business. I'm in the process of taking out a personal loan (which has been painfully slow) I applied last Friday and didn't hear anything on Monday so I…
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PCP - car purchase
Hi, I am in the process of buying a new car. It will be a PCP purchase (deposit, monthly payments & final payment). The final payment will be made in three years. My question is relating to VAT - do I sign this month or wait until August when VAT changes? (I'm not sure if car purchases done this particular way will be…
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Debt Consolidation
Hello everyone, I have read an awful lot of negative comments towards the idea of taking out a loan in order to consolidate debt. For the most part it makes sense to me, if you borrow money at a lower interest rate, you will still probably pay more as the term likely wouldn't justify the reduction in interest. In my mind…
