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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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Marshall Peugeot Car Finance ALL CLOSED
Hi, We bought a Peugeot through Marshall Group in Kent and found out today that all the Marshall Peugeot branches have closed. Our local branch has all our service records for our car. I have tried to contact Marshall Group at the Registered office address in Milton Keynes (01908 851000) and they said that they are not…
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Borrowing from friends family
Looking to borrow £10,000 from family or friend but want to give them security and would be prepared to put a charge on property which I have equity in to safeguard their money. Can anyone advise
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Borrowed money from sisters and not sure what is fair for all parties?
So I purchased a properly recently and in order to pay for the deposit, my two elder sisters sold their gold and gave me the funds. nothing was clearly defined initially, but the middle sister said she wants the money back at the market price of gold. At the time, gold was about £60/gram and my middle sister gave me…
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Help Needed, Long-Term Finance Agreement Possibly Mis-Sold by Tool Company, Asking for advice
Hi all,I’m looking for some advice and insight into a long-running finance issue I’ve uncovered with a well-known tool company. I’ve worked in the motor trade since I was a teenager and have been using their credit options (Extended Credit, EC, and Rolling Account, RA) since around 2011. Between 2017 and 2019, my dealer at…
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DMP and credit union
Hi all Im just starting out my self managed DMP journey. I stopped paying for all credit 3 months ago 3 loans I credit card. I didn’t realise my one loan was a credit union? My community finance? I’ve been getting letters about it defaulting and then a formal notice. Nothing on credit file yet. Am I wrong in thinking I…
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Business loan
Not completely sure if this is the right forum but open to recommendations where to post elsewhere. Can anyone suggest a reputable provider for a £50k Business loan? Our bank, Santander, apparently doesn't offer busines loans at the moment. Also have tried Funding Circle but they didn't like the fact that our bank account…
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House repair
My father is in his 80's, lives alone and is housebound with disabling arthritis and other problems. My concern is that the outer fabric of his house is in need of urgent repair. The rendering is cracking all over, with a deeper crack into the blockwork on the front elevation. the guttering and facsias are in very poor…
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20k house repair - loan advice?
Hi All, just looking for some advice please. I have a 20k essential house repair that cannot wait. I have 20k in savings but no more savings. Should I use this or get or a loan? Or combination of both? I don't want to remortgage and I don't have any other assets. I work full time and have a steady job so can start…
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Help - Court date in 2 weeks
Hi Hoping someone can assist. The court case is set for a couple of weeks time...I'm in a real state :( Last payment made was Feb 2018 Both the DNs they have sent are invalid. I have already made the point that they are and that they cannot issue a 2nd DN for the same debt (which they have done), but I have just come…
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New MSE car refinancing guide
Got car finance? Test our new guide & tool to see if you can refinance to save £100s or £1,000s? We're testing a new guide, to see if people on PCP or Hire Purchase deals can save by Car Refinancing. It's brand new territory for us, so we wanted you to go through it, see if you understand it, whether you think the guide…
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Loan vs Morgage
Me and my partner bought a house together with help from my parents so we have no mortgage. Me and my partner are listed equal on the deeds and have a verbal agreement that should circumstances change any sale of the house would pay back my parents first and foremost. Now I need to pay my parents back as circumstances have…
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PCP CAR FINANCE SET UP WITH WRONG MILEAGE
I bought a car from Kia dealership using a 2-year PCP Finance with Hyundai Finance when it had 22,000 miles and was verbally quoted a monthly repayment amount which I agreed and few days later signed the contract, where the finance finishes October 2025. I recently changed job which my nearer where I live and no longer…
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Can you overpay PCP finance?
Example. Car is 20k Deposit 5k 10k over 48 months GMFV 5k Effectively over pay by 9k, have 1k on monthly payments over 48 months and know full well I have the option of returning the car or keeping it. Will this reduce interest to hardly anything and payments which are minimal monthly amounts over 48 months?
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Title Deeds
Hi everyone, My mortgage with the Nationwide has now been completed / paid off but I received a letter from Nationwide stating that there records show there is a second charge registered on my property with Endeavour Personal Finance. Nationwide are stating "If this charge has already been paid off or isn't applicable…
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£50K loan -- looking for advice
Hi, we're a husband and wife with no debts, no real savings and a high-value house. Looking to borrow £50K for a home improvement. Probably over 5 -- 7 years. I work full-time, wife works part time. 3 kids no child-minder/nursery costs. We feel we could comfortably afford monthly payments equivalent to what our mortgage…
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Funding Circle personal guarantee
Hi all, This is my first post on the forum after doing a lot of reading so a big hello to you all. My little problem is that Funding Circle are activating their claim against the personal guarantee that I signed when taking out a loan as part of a now dissolved limited business. As the business folded due to health issues…
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Loan payback now I'm unemployed
I took out a loan with updraft (£4k, £159 per month to pay back) because I was in full time work (£30,975 per year) and my partner was also in full time work (£28,000). I've now had major life changes with losing my job and my relationship has ended. I have recently started contacting all of my creditors including updraft…
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Misleading Interest Rate Quotes
After hovering around looking for a loan and seeing nothing below the 12%-15% mark for a while, a couple 5.8% loans appeared on this site and we went for it. We were approved, but with an interest rate of 13%. I understand that to be able to advertise at a certain rate, very few customers actually need to be offered it.…
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Best Option For Someone With Bad Credit? (Dental Work)
Hey guys, my credit score is basically horrible like even the worst payday loan sites won't give me money just to give you a picture. Anyway I currently undergoing treatment for dental implants for my front teeth via a private dentist (as NHS have done me more harm than good) and currently I've paid for the extractions…
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Capquest letter regard debt that was paid
I recently had a letter from Capquest telling me I have an outstanding debt regarding a loan from the Royal Bank of Scotland that has been assigned to them. I have a letter from PRA, dated August 2017, thanking me for paying off the debt in full, and referencing it was for the [Halifax] Royal Bank of Scotland. Should I…
