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🎓 Got a student loan question? Head to our Student MoneySaving board
For discussion of everything to do with student loans and student finance, please head to our Student MoneySaving board.
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New to the Loans board? Start here
Useful links within the forum * Credit File & Rating board * Debt-Free Wannabe board Useful links to MoneySavingExpert.com guides * Cheap Personal Loans * Loans Eligibility Calculator * Cut Existing Loan Costs * Cheap Car Loans * Short-term and payday loans * Should I get a loan if I have a bad credit score? * Bridging…
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Loans - Important links - please read
Hi folks :) This is the new Loans Board Sticky where links to all current important threads will be kept. Links: This thread is for quick links to threads in this board. IMPORTANT - Problems with debts, payday loans etc? Payday Loan Survival Guide from Govan Law Centre Lending money to friends & family Cheap Credit Card…
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PCP End Balloon Payment-Loan to Refinance
My son has a Mercedes C class now 7 years old. Buy out on PCP now is £10800. He has gone over the mileage over last 4 years so if he handed back would have to pay around £1500 for this which he can avoid if he buys the car. Working out best option I guess maybe a car loan over 48 months to clear the balloon payment at…
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Novuna
I have received a quote for some new replacement windows. Whilst it is a company that we have used for 20 odd years they were taken over a while ago and are now part of a larger group. They provide a 20 year guarantee. I know from previous experience that where any niggles have occurred in the 10 year guarantee that they…
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Loan advice
If you select other when applying for a loan is it always manually reviewed or can the application still be accepted fairly quickly? The use of loan is for home improvements but also for another use which isn't in the drop down menu so unsure on option selection Also are you better off applying via an intermediary or…
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Loan Choice Help please
Good Afternoon, I'm looking to take out a loan to purchase a new family car. It will be a used vehicle with a maximum spend of £9000 - over a 4 or 5 year period. I have £5000 saved already. The options/dilemma i have is do i take a: 1 - Loan for £4000 out at a higher rate percentage (around 9.5%) 2 - or take out a loan for…
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Jacamo perpetual debt
Hi guys, Really looking for some advice here. I've had a Jacamo credit account for about 10 years (maybe longer). I used to make my purchases and then clear whatever I owed each month. As I was doing this regularly Jacamo kept increasing my available credit limit. Like lots of people, I ran into hard times a coupe of years…
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Loan companies
Please no negative comments What loan companies are there to contact / try, in order to use a personal loan towards a property deposit? I know a lot have this as a restriction for obvious reasons but based on our circumstances it suits us and fully approved by mortgage lender too Please let me know which loan companies…
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Help! Credit Spring
Help I took out an account with credit spring for £300 and im meant to pay it back and a £10 subscription fee. I paid it off early and asked for my account to be closed and they are refusing unless i pay more fee's £40 i believe. I wasnt told about any fee's to stop my subscription and I'm going round in circles with them…
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Is it ever worth taking out a loan if you could save instead?
Hi everyone, I was having a discussion with a friend and wondered what people's views are. If you know you'll need to make a fairly big purchase in the next 6–12 months (car repairs, home improvements, replacing a boiler etc.), would you rather save up first, even if it means waiting, or take out a low-interest personal…
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Loan guarantee
Good morning. I ran the eligibility check on the website to see if I qualify for a loan. Got given a 8.4% APR, but I had to click car purchase as an option. Agreed to it, went ahead and on the lender's website, there was an option under 'Other' of 'Purchase another vehicle'. I am getting the loan to buy a motorcycle. My…
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Need a loan from somewhere but not sure which source
Problem: Hi, I am presently in situation where for various reasons I will need to borrow £3500 in the next 2 months to afford middle payment instalment for home improvement (unavoidable). I have paid first (nearly £6000) instalment on my usual (high apr) credit card and will pay that off using savings next month after…
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Consolidation
Hi All I’ve got a good credit rating on the face of it, never missed a payment etc. have a few credit cards but only really have a balance on 1 which is around £3500 I had a long term loan with my bank which was annoyingly high interest so in the last year I took out 2 separate loans at a better rate to clear this and…
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Roof Replacement: Wipe out savings, take out a loan or a bit of both?
We've recently found out we need a new roof on the house we bought two years ago (knew there was a catch for it being at least £20,000 cheaper than the other houses that have sold on the street!) We've had a few quotes and thankfully, the most reputable contractor came with the lowest price. The roof replacement will cost…
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Approved for finance but shop out of stock?
Hi all, I found an e-mountain bike I wanted at a well known bike store, on their website. I checked on the website and it said the bike was in stock. I then used their website to apply for finance. I passed the credit check and the finance was agreed. A week later I've received an email saying they're unable to find the…
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Secured Loan
Hey! Trying to consolidate debts as we are drowning at the minute. The only options seem to be secured loans. It’s a minefield as to which broker/product to use. Any suggestions tried and tested? Secured seems to be last resort. HELP!!
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Car PCP Newbie - Early Settlement?
I've never used finance for a car purchase before, but the new car that I'm considering has a large deposit contribution on offer from the manufacturer (£4k), so I'm thinking of going down the PCP route, with the intention of making an early settlement in full at the earliest opportunity; searching around, some seem to…
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I am genuinely confused, why can't I get a loan?
I have a spotless credit record Clearscore/Experian rates me at 1000/1000 Credit Karma rate me at 659/710 I have a mortgage with £200 left to pay (the repayments are £22 per month) with an attached mortgage reserve facility which currently stands at -£15000 and which needs to be paid off at the same time that the mortgage…
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Unsure whether to consolidate - please advise
Hello everyone, First of all, I can't believe I still remembered my username and password. It's quite a while since I've logged into MSE! Anyway, here are the facts. I currently have three debts I am paying off 1) £5727.54 loan(started at £11k)with Zopa @ 4.8% - I pay £230pm 2) £7568.74 loan(started at £12k in 07/2014)with…
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Loan or cash?
I’m considering buying a car, not necessarily brand new. it’s the first time I’ve had to do this on my own and my question is would it be better to take either the car finance offered, take out a personal loan, use a credit card or pay cash? I can afford to pay off a loan quickly if needed. Is it safer to have a type of…
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Which address?
My friend uses her parents’ address for all her banking but lives in private rented accommodation. When completing an application for a loan, should she use the address that she currently lives at or her parents where her credit is registered?
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65 & unable to get credit
I'm 65 years old & recently tried to purchase an Apple Iphone on their 0% finance scheme, but my application was refused (& has been subsequently refused after trying again through John Lewis, was told I don't meet their internal lending criteria, but no further explanation) I am married, retired, mortgage free, living on…
