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Santander loan incompetence
Hi, so I have an issue with Santander and wanted to voice it in case others are in the same predicament and might not be as lucky. I took out a loan with Santander in 2022, it was a 2 year agreement but I paid it off early (2023). At the time I rang Santander to confirm I had cleared the loan. They said no, I owed them…
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Equity Release
Not sure if anyone can help, my elderly mother took out equity release on her property many years ago, we are really worried about the debt she has built up, but she is evasive and gets upset if we bring the subject up. We are just worried that she will end up losing more than her property is worth. She has said in the…
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PCP balloon payment
My balloon payment for £15k is due in a few months and other cars exactly the same are valued at 22k. Im interested in returning it and getting an electric car for £25k. If I hand it back will they take any value from the vehicle to use as deposit or new car from same dealership. Or should I get a loan for £15k and sell…
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Advice on loan
Just over a month ago I applied for a loan with Vanquis Bank. I got accepted and received an agreement number and a loan agreement over email saying the funds will be transferred to my account within 3 working days this was the 9th August 4 working days later and still no funds so I call them worried that I had entered the…
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Getting personal loan instead of PCP
My partner isn't the best with money and I am trying to help her get sorted. She currently has an Audi on PCP costing £280 a month and realises she doesn't need such an expensive car for what she does. She can hand her car back but would owe almost £2000 on it. My thought was that she could take a personal loan out for…
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Personal loan for house improvements - complex arrangement
Hi, a bit of a complex arrangement. * I bought a house with my late wife. * Her sister is in charge of her(late wife) estate in trust for the children (both minors) * She and I do not get on. * In order to remortgage the house, I would need to buy the trust out (They insist) * I cant afford this. * The house is too small…
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Old Car finance checker?
I've taken out so many loans and finance over the years its impossible to recall all of them. I've seen adverts whereby you enter a few details and they show you your history of finance agreements for cars so you can then claim back and mis sold products. Being caustious I assume everything is a scam or nefarious until…
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Least damage possible....
hi all, I've got a 12-24 month requirement for a lot of unsecured cash to complete a holiday villa project. What would be better for my credit score, and leave most options open - get a loan from the bank, then use the Credit card cash transfer offers on my 4 (empty) credit cards currently? Or the other way around... take…
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Personal Loan Settlement?
I'm going to pay off a personal loan next month. Apparently when you request an early settlement the final figure will include up to two months interest on top which will be based on the currently outstanding amount when you request the settlement figure. Maybe I'm being daft, but why bother asking for an early settlement…
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Car finance loan and credit card query
I'm looking at getting a new car, with a £1000/£2000 deposit and costing around £15000. I have read a few places that you can take out car finance with the dealer and then cancel it within 14 days and use a credit card to pay it off - is that right? I have a good credit score and a few offers available to me for 2 years…
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Early Settlement Help
Hi, I have a few questions around settling loans early. I understand if you request an early settlement figure, loan providers can charge up to 56 days interest. I have a couple of questions and please feel free to ask more to help understand them: 1) I've read somewhere that if you are within 12 months of your loan end…
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Buy now, pay later lender Laybuy falls into administration – what it means for you
If you've got a buy now, pay later (BNPL) loan with Laybuy, you need to continue repaying it as normal – despite the firm falling into administration. Failure to do so could still result in late payment fees and it could also negatively impact your credit score... Read the full story: Buy now, pay later lender Laybuy falls…
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2nd personal loan - good idea?
Hi everyone, I’m currently repaying a personal loan for a car and have c.£15k remaining. I may need some home repairs doing shortly and would ideally like to take a 2nd loan out to assist towards this of £1.5 - £2k. I know it’s possible to have 2 personal loans with my bank but I just wondered whether it may look good or…
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Loan / Credit card for car purchase
I wanted to see if I will be able to do the following get a 0% interest on spending card, which give 20 or so odd months to repay off the credit. but also then do a balance transfer as Im hoping to clear the credit over the course of 36 months. I want to try and keep the interest to a minimum. Can this be done? if so, what…
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Helping an elderly lady in debt
Hi, I am an IFA by trade and although I have a good knowledge of many financial
aspects, loans are not something I recommend or deal with. I am meeting a new referral
client, tomorrow who has asked me if I can help an elderly friend of hers. The
information I have is limited but what I have deduced is that this lady is…
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Fortis Lease - Old Debt - Land Registry Restriction
Hello All, Many Many moons ago, i had a company car provided by Fortis Lease, unbeknown to me (didn't check) although a company car, the lease was in my name. So, when i quit my job and handed back the car, Fortis Lease came after me for the difference between Value and the Loan.... circa £5000. It was around 2010 so i had…
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HP car loan
Help!!! I have taken out HP agreements on my last three cars and have been able to return them at the half way point with no further payments to make. My most recent car was purchased this way and over Christmas I had to spend over £2000 in repairs as the car was getting older and had a couple of big problems. I was 40…
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The cost of borrowing changed!
Hi there I took out a loan with Virgin Bank, after running a soft search they quoted me the loan amount I asked for, plus £200 for the cost of the loan. However when they did the hard search on my credit file, that £200 became £450! I feel like I have been misled and scammed by virgin bank. My point is they had all the…
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Applying for two personal loans in quick succession
Hi there. Advice needed please. I recently applied for a personal loan from my bank. I foolishly included in my monthly salary figure a portion of income that I get from self employed income which is outside my PAYE income. They came back to me asking to evidence this for the last 3 months. As I'm not able to do this in a…
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Cant Get A Loan, but not in debt, no missed payments?
Hi,I owned 3-4 businesses for 9 years.Missed 1 payment in my life. Credit Score is Very Good.Had £6k overdrafts on all my accounts and all banks are in positive. Have some savings.I've had loans in the past from paypal £8k was paid before it was needed back.Been with all my banks over 5 years. Born in UK. With HSBC,…
