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Disabled parents in their 80's have huge loan
As the title says. My parents Dad 86 mum 82. Dad has dementia, mum has been bed bound for just over three years. I have this weekend found out that that in November 2022 they took out a loan of £18,000, to cover credit cards that my dad had incurred. They are now in a situation where there care and rental payment are more…
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Provident sold my loan to debt collector!
I have two loans with provident and with their company collapsing I was advised to stop payments to them. i voted no to their bail out and in doing so I thought I was also lodging an unfair loan claim . since then I have had a number of messages from a company called capquest who appear to be trying to obtain the…
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"Pre-Approved" Loans not adhering to rates?!
Hi all, I needed to borrow some money so went through the MSE loan eligibility tool and the best option was an Admiral product which was "Pre-Approved" this means that if all checks go ok, the rate, amount and length are all as requested. This rate was 9.8% However I have just got an email asking to submit my ID and…
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Cash needed with short term repayment
Hi.We're recently retired in our early sixties. We own our own home, living in Northern Ireland and have small pensions. We need app £10k cash with a low interest repayment term of 2 to 3 years. What is the best way to fund this need? Is it something like a lifetime mortgage? Any help and advice would be greatly accepted…
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Loan v mortgage
I,m thinking of buying my council house, I,m thinking a need to borrow £25,000, I,m 53 and looking to pay either back after 10 years, but which would I be better with , loan/mortgage
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Applying for a personal loan when an existing loan search comes up?
Hi, I recently put in a credit application for a personal loan from the credit union I save with. I did this as I thought it would be a quick process instead of actually shopping around as their fixed rate is 6%. I think they’re going to reject my application due to the time I’ve been in my current job role (6 months),…
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Creation account query
I took out some credit via "Creation" in order to spread the cost of a B&Q kitchen that we were having installed. I thought this would be a good MSE thing to do as while we have the money in the bank it's earning at 5% whereas the Creation account is being paid off over 4 years at 0%. I have no doubts that we can afford…
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should i issue a SAR
Hi everyone, this is my 1st post. I have an old debt with Llyods bank which i have not had contact with for probably 10 years and no longer have any account with since 2007, the debt has been sold and just recently i have been getting letters at least 1 a week rom a debt agency called - Opos. The original debt was for…
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Loan v savings
Hi Im looking to get a car for 25k, I have that in savings but id prefer to keep that incase other life things crop up, now I can get a loan paying roughly 4k back interest over 5 years at a rate of 6.3% I was thinking If I put the 25k cash I have in savings at the current rate of 5.16% obviously lower than the loan but…
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Help to Buy arrears
I received an arrears notice from Help To Buy on 31 January 24 which appears to be just over 4 months of missed payments. I have an active direct debit set up but no payment has been requested since September 23. In June I received a letter saying my direct debit payment details are changing and I don’t need to do…
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Elderbridge Loan and Separate Interest Account
Hi, So Years ago we took out a First Plus loan, after a while we fell into financial difficulties and fell behind on payments. When Elderbridge took over we were told that interest had been stopped on the main loan so all our payments were paying off the capitol borrowed, after some time we got back on track, we have no…
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Settle Green Deal Loan with no Idea who the provider is?
Hi We recently down-sized and purchased a house which has solar panels fitted via the Green Deal scheme. The Seller provided some details of the loan via his solicitor which included a quoted settlement fee and we agreed that he would reduce the sale price by 50% of the quoted fee and we would then clear the debt after…
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Novuna Finance Not Accepting Credit Card Payments - Suggestions Please!
Hi all, I bought a kitchen in June 2023 using Novuna Finance. I've saved half the money to pay it off before the repayment start date of 06th April, and secured a 0% credit card for the balance of £8500.00. However I've just been told (and it's in the small print!) that they only accept direct debit, debit card or cheque…
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Moneybarn ignoring emails threatening action
Hi. I have absolutely no experience with this so hoping someone can help me. I took out car finance with moneybarn in 2020. Unlucky for me I lost my job due to COVID and couldn't afford the repayments after a few months so I arranged a termination of my HP agreement and moneybarn took the car back from me. Now as I…
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Very BNPL
Hopefully you guys can help as Very customer services unfortunately didn't understand what I was asking. So I ordered some clothes on very BNPL at the beginning of this week, the clothes are no good and need returning. My question is what happens to the refund, I cleared the BNPL this morning before I realised the clothes…
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Barclays - Mortgage Exit Fee
I have a fixed 2-year mortgage with Barclays and have a "Mortgage Exit fee (payable on final repayment of the mortgage and is non-refundable) £80". At the end of the 2-year mortgage, if I repay all the mortgage, do they still charge me £80 for the Mortgage Exit Fee? Thank you.
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Increasing my loan eligibility - how?
Hi all, I've taken a loan eligibility test on various websites, either direct or on here on MSE and basically nobody wants to give me a loan unless it's at an incredibly high rate. * I'm looking to borrow 10-12,000 over 4/5 years (dependent on rates) for Home improvement The only thing I can think as to why I'm being…
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Inheritance tax loan
I dont lose sight of fact that medium term i an probably grateful for most likely inheriting a bit of money, but short term -causes major headache as no money to pay inheritance tax which has to be paid 6 months post death and before can receive any money from the estate ,which is probably 12 months hence only choice seems…
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Experian shows fraudulent loan taken out in my name
Hello, I couldn't find a thread for this, so apologies if it's there. I had 3 attempts to open bank accounts in my name last month which were dealt with through reporting and when I looked at my Experian report today, I saw that there is a loan of over £900 been taker out to 'three' in January. I didn't make this…
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oh dear, suddenly need £50k
capital gains tax was WAY more than I had budgeted for, need £50k on top of the £40K that I'd kept back. I have 3 mortgages with a lot of headroom: one residential, two buy-to-let. I'm waiting for my financial advisor to ring - will they have my interests at heart, or just want to sell me something that gets them the…