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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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Admiral Loan….accepted….but
Just want to check any ones experiences with Admiral for a personal loan, I have had a loan accepted by Admiral today and I have an email saying funds will be in my account by next week. I did it through MSE after the loan calculator. I haven’t had to give any form of ID or anything so far, they’ve done a hard search and…
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V12 finance loan fraud
Came to light a loan had been taken out in husbands name as part of goods interception fraud..requested rar under dpa and what kyc checks they do and their processes....all they seem interested in is retailler, affordable golf picking up goods. They have failed to arrange this. V12 have only said the loan was isssued on…
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TSB Loan Settlement (0% Credit Card)
I had a £20,000 loan that is now down to around £13,500 and is 12% APR. I have a couple of credit cards where I have been offered 0% on cash transfers to my bank with a one off 3% fee for 2 years (most of it would be paid off by then). If I pay my loan off I would save around £1,800 in interest and it would only cost me…
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Car finance query
I paid MG 2500 deposit fir just under 3 yr old car. Its had un 1st month,new starter motor new gear box then gear box now playing up again, jumps out of second when turning corner. They said in 1st 6month 10 yr warranty for engine mechanical failures wouldn't cover but then then fixed as gesture if goodwill. But now doing…
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brother offering to buy the remaining shares of our shared ownership house for us
My brother and sister in law have come into a substantial amount of money. They have no debts or mortgage and have said that they'd like myself and my husband to have the security of owning our house outright. We are 58 and 74 so cannot have a mortgage even though our income is pretty healthy. (4000 a month) We currently…
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Merged: Brother offering to buy the rest of my shared ownership house
This discussion has been merged.
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Clarification on interest treatment for partial early repayment on fixed-rate personal loan
I’m looking for clarification on how interest is treated on a UK fixed-rate personal loan when making a partial early repayment, as I’ve received mixed explanations and want to ensure I fully understand my position. Loan details (summary): * Lender: M&S Bank (Marks & Spencer Financial Services plc) * Loan amount: £13,000 *…
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Personal loan question
Hi My cooker and fridge have both died on me so was going to get a personal loan from nationwide which I've had a quote for and I can easily afford the £60 monthly repayment but I also read about interest added daily so will the £60 quote monthly repayments include interest or will my monthly payments be more?
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Would you move a 9.1% PCP to a 5.8% Loan?
PCP - 44 Months left £74 monthly £10k balloon payment (9.1% APR) Loan - Accepted with Tesco at 5.8% 12.5k over 60 months. A couple of friends have said do it because I will only be taking the loan out anyway if I keep the car in 4 years and also, I will 99% not be handing it back anyway and will be valuing it at more than…
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Big Motoring World £750 EV offer
Hi All I purchased an EV from Big Motoring World with PCP finance to take advantage of the £750 offer they have. T&C here https://www.bigmotoringworld.co.uk/news/make-the-jump-and-go-electric-with-this-limited-time-offer/ I'm happy with the car, but only took the finance to get the discount. This was a few days ago so I'm…
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Settlement interest 'rebate' fee??
Hi, I recently requested a settlement figure for a loan. I paid the figure on the same day and presumed that was it and I owed no more. There was no mention of anything extra during the call. A week later I received a letter demanding a 'rebate fee' of £66.35. I have no idea what this is for. Why I wasn't advised of this…
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Want to hand loan back
Hello all I applied for a loan this weekend and money was received in my account the same day. I’ve since changed my mind and want to send the money back. My question is does anyone know how this will reflect on my credit record? I don’t have the greatest credit record and am trying to rebuild it by using and paying a…
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Is it wise to pay off my PCP (9.1%) with a Tesco Loan (5.8%)
PCP 9.1% expires Aug 2029 (4 Years) GMFV - £9870 Monthly Payments - £74
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Irresponsible lending
im not sure if this counts as irresponsible lending case. I have bipolar and was unwell at the time of taking out a loan. I was given a £6000 loan with £8200 to pay off including Interest. I was a monthly payment of £339 over 2 years. I managed to pay 3 months of this but ended up in Korea debt using credit cards etc. they…
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Loan offer in place need advice
I have a loan offer in place which I wanted to accept today but can only do via post as the website has malfunctioned. Would it be possible for me to apply for a loan from another lender whilst I have a personal loan offer from the current lender. Basically can I apply for a loan whilst I have an offer from a lender…
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Tesco bank loan timeout
So I applied for a loan from Tesco bank on Sunday. Very simple process which was helpful, was informed I have 30 days to complete I thought that is great. So I went back today to find the website timeout when i wanted to log in and it informed me I could not complete online. I since called and was informed quote "the…
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Help Advice please Personal Loan
Hi sorry this is long. Would really appreciate some advice. We need to get a personal loan for a new boiler by yesterday really. I don't know who to apply too as we only have 2 years clear credit history. Arrears on.mortgage from financial difficulty during covid . Recapitalised and set to normal Sept 2023. No existing…
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Credit Union mess up
Good evening, I’m really looking forward to some advice. About 5 years ago I took out a loan with my credit union I do regular savings with them for the last 15 years so would occasionally take out the odd loan. For this one all paperwork was sent out including payroll for funds. Last August I contacted them to ask if the…
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Travelled with a friend who hasn't settled expenses
Hi everyone, I travelled with a friend in December to Asia and she has not settled her side of the expenses. She told me when she gets back to London she will be moving house but I don't know her new address - she's been ghosting me ever since. Total amount £350. I have the splitwise app which shows how nuch she needs to…
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Stellantis Finance
Has anyone on here had a CCA regulated agreement with Stellantis recently? I took out finance when I bought a new car in 2023. In January this year I repaid it early. I never received a statement from them at any time. Under CCA regulations (S.77A 1) firms have to send regular statements (usually annually) to borrowers. If…
