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Quick quid
Has anyone received money yet? I have email. For an update no replies for week now When I ring number cuts off after message I know money we get back will be lower than claim. But every atm we can all agree would help. If anyone has received money please let me. Know as giv eme hope mine arrives. Please ty Hope everyone…
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Is it worth paying off a personal loan when inflation is rising?
Hello. As the title says. Is it worth paying off a loan early? A smallish loan I must add. Around £3500 left. As far as I am aware I am qualified for cash back offer if the loan is not settled earlier. However if inflation is so high and looks like it hasn't stopped climbing the debt effectively shrinks in terms of real…
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Best way to borrow £25,000
I’m looking to get a loan for home improvements, ideally £25k to £30k. What’s my best option please, cost wise? My thought was a loan at 2.9% approx (probably over 5 years) and repay it as normal. Is there a way of taking the loan and the shifting some/all of it to one (or 2) 0% BT cards? Would that be worthwhile doing? I…
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Student finance
Hi, my daughter decided to leave uni in February, 1st year, and change her course starting at a new uni in September. She had to pay 50% of her tuition fees and rent for spring and summer term. Her flat has been filled and so she is not being charged rent for the summer now. However she has received her student finance for…
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Allocation of an Overpayment
Ok this was also posted on my salary finance thread but may have more visibility here. I made an additional payment on top of my monthly repayments, of £500. I didn't see a change in my payments so contacted the loan provider. Here's the response: They are saying my overpayment will go towards the end of the loan term and…
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Over 30,000 247MoneyBox borrowers to receive redress for mis-sold loans this week
Over 30,000 247MoneyBox borrowers, who were mis-sold payday loans they couldn't afford, are to receive refunds of some of the interest and fees they were charged by this Friday (15 April). But they'll get back less than 10% of what they are owed. Read the full story here. And if you haven’t already, join the forum to leave…
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Is this a scam?
Hello. I’m a newb just looking into the forum after hearing/reading lots of positive feedback and needing some guidance on behalf my geriatric parents. Who many years ago did an equity release. All good and done and dusted with the loan paid back after a downsize (again years ago). Fast forward to yesterday when my poor…
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Is the % increase on EXISTING Student loans balances? September 2022
We are debating repaying in full my husbands outstanding balance on his student loan. This has cropped up several times over the years when we have regularly reviewed our finances. Since qualifying my husband has gradually increased his income and is now earning over 50K. So far, in terms of managing our money it hasn’t…
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Family member loan
Hello! My dad has very kindly offered to lend a family member some money (less than £1,500) Is there any paperwork he can give to be signed to say that the loan was given and the repayment terns? Would it be binding? (Ie, if they don't repay and dad goes through small claims would it be sufficient) It's not a huge amount,…
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Provident confirms payouts for borrowers
Provident borrowers who were mis-sold loans they couldn't afford will receive refunds of some of the interest and fees they were charged this July, it's been confirmed. But they'll get back less than 10% of what they're owed. Read the full story here. If you haven’t already, join the forum to reply.
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Advice with a credit union
Hi everyone this is my first post so be gentle! I'm quite a bit I'm debt and am finally taking control. I am reaching out to all creditors to reach agreeable payment plans. One of the lenders is planesaver credit union and is salary deducted, I have reached out to them and asked for payments to be reduced over a longer…
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Car finance on mat pay
Hi all! I bought a car two years ago with Arnold Clark and in 6 months I need to pay the full amount which is 9k or return the car. I’ve just started my maternity leave and I’m going to get my salary at 90% for 3.5 months(£2000/month), then it’s the pay from the government (£600/month) so by the time I need to pay the car…
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car finance
i have a car on finance that I got in may 2020 and and have 3yrs left to pay it (just over £4k) it has now broken down and needs a new engine (cheapest quote ive had is £1100) which i just cant afford. when i bought the car i was married and the £145 a month was affordable as there where 2 wages coming in now I am living…
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Loan rejected despite ideal circumstances - help
Hi there I recently applied for a loan with Tesco Bank on the basis of an MSE search saying 95% of people in my situation are successful. I applied for £6700 to pay for a course I'll be doing later this year to upskill and support my career. For context, I am in my early 30s, earn 50k+ (my partner c. 60k - we both live in…
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Equity Release/Mortgage
Hi, not sure where the best place to ask this is, but I’ll give it a whirl. I’m under 40. I have no mortgage. I need a LOT of work doing on my house. Is there any way to do an equity release type thing? From what I can see, you can only do that when over 55. Any idea of the best way to release money so I can get things…
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Bounce Back Loans and Separation
Hi, I am asking for advise for my sister. Her husband has his own buisness for which she was a shareholder. They have separated and sold the house and agreed he would pay a figure to buy her out of the buisness which has now money has transferred. Apparently she has found out that he took out a bounce back loan for…
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Timing of personal loan for car purchase
Hi, Quick question if people can help, I'm planning on taking out a reasonable size personal loan for a car purchase (likely 2 year old car from a car dealer). Happy on rates, repayment etc, and it just means not needing to change current investments. Would you typically take out the loan in advance so it is sat in bank…
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Car Finance cash back, how does it work?
Hi, my friend had a call from car shop saying that she could have 3k cash back as her car has 2k left to pay on it and they say the car is worth 5k. Can anyone explain to me how this cash back system works? Are you just adding another 3k to your existing car finance? So in turn giving yourself more to pay off again, thus…
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How will taking out a loan affect my chances of buying a house?
Hi everyone. I don't really want to go into the why's and wherefore's, but I am considering taking out a loan for £7000 at 3.3% over 2 years. The crux is that my wife and I are hoping to buy a house in the next 12-18 months, so I will probably have paid back at least half the loan before we start mortgage applications but…
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Ikano loan
Hi I was hoping for some advice. We purchased a hot tub last year for £5000. Initially we placed a £2500 payment down. The outstanding balance could then be paid at any time over the next 12 months interest free. It then accrued interest after this period. The 12 months ended on the 12th March and I paid the balance on the…
