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Anybody ever had success with early settlement on First Plus secured loan ?
Hi, I have been going through the threads and noticed that lots of people have had same problem as myself when trying to settle a First Plus Secured loan, ie extortionate early settlement figures. We foolishly took out a loan for £50k with First Plus in June 05 and the PPI of £12,245.00 (which I now think may have been…
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first plus payment protection
last year in sheer desperation me and hubby had a £50k loan from First plus. We chose them as they said they were part of Barclays and Carol Vorderman was doing the avderts on tv so we thought they were a reputable comany. I have recently asked for a settlement figure on the £50k which came in the post as being £62k. We…
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loans vs add to mortgage
i wish to borrow 4k over 4 yrs, but wish to over pay to get rid of loan. I have a mortage with nationwide where you can over pay by £500 per month with no penalties. Am I right insaying that if i get a loan from Northern Rock at 7.7% i will pay the interest at the start of the loan and so repaying quickly will do me no…
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Career Development Loan
Hello. Three years ago I took out a CDL so that I could study for a Masters degree at uni. The loan was for 5k and i am due to start repayments in december. However, I have deferred the final year of my course - at first this was due to work commitments and was only supposed to be for a year, but I am now pregnant and the…
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Norther Rocks 'personal circumstances'
Hi there, I have applied for a Norther Rock loan but have just received a decline letter stating that I don't meet their 'personal circumstances'. I called them and they said that they have not even done a credit search on me because of the personal circumstance issue. They could not divulge information as to what these…
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Have they broken terms and conditions
Hi, We have a large secured loan with a company who advertises frequently on tv. We want to settle this loan early and asked for a settlement figure. We were shocked at the settlement figure they gave us and went to see citizens advice. They advised us to seek legal advice. As we are already in debt we can't afford to do…
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Credit Report
Looking for some advice I am paying off a loan that I had defalted on so it was passed to an agency, when I checked my credit report it is not showing the payments i have been making it's sitting at £3460 but the report is shown as £3882 when I called the company to ask why they are not updating my details they told me…
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northern rock vs asda
due to the recent moneysaving email, i have checked both northern rock and asda loan for a comparison. £20000 is the money i was looking for. For 60 months deal asda's 5.9% cost per month £388. But northern rock's 6.2% costs only 387.21 per month. I was stunned to see it. How can it happen?
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Insurance on loans - is it compulsary???
Hi all, My mum took out a loan with M+S for £5000 - they said because of her age (60) she had to take insurance. Can a bank force someone to take out insurance?? Many thanks in advance
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Fuming...just Bought Car And Apr Changed Without Informing Me....is This Legal
Bought a car from a famous car supermarket today. ( will tell you if you message me...) Deal was £9299. They then tagged on some compulsory service charges (e.g. years breakdown at £89, number plates, but NO TAX...hmmmmmm) which made grand total £9470ish Gave me £250 for my old car. Unfortunately I could not use credit…
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car finance
hi, new to these forums just a quick question my car finance company (Close Brothers Group PLC) has just levied a £50 charge because i missed my monthly payment (£102). :mad: can i redress this, it just seems a bit excessive?
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Mortgage loan fiasco
This guy shuts done scam website and reports mortgage abuse. http://www.thetruthx100.faces.com
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Joint Loan
Hi, back in 2004 when i was married i got a loan with AA finance, i was the main name on the loan but my husband was on it also (jointly) therefore a joint loan. The money was for him to buy a car(but i think at the time we told them it was for the home) but when we got the money he got a car in his name. This was took out…
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0% Finance for car purchase
I'm looking to change my car and visited a large multi site franchise and found one I was interested in with £9999 on the ticket. They are offering 0% finance over up to 5 years on the car, however I have already sorted a loan at 6.2% over 4 years to finance a purchase. How are they able to offer 0%?, where are they making…
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Sainsburys car purchase scheme
http://www.sainsburysbank.co.uk/borrowing/bor_carbuying__dri_skip.shtml Has anyone used this scheme or know anyone who has? It looks interesting, but I can't help thinking there's a catch. It's not for me BTW - I can't drive.
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HP Dilemma
Here is the background to my dilemma: I recently bought a new car on hire purchase. I have now got a new job where I walk to work and therefore I never use the car anymore as we use my fiance's car for general use. To continue to pay for the car seems like a complete waste of money, and we are getting married in September…
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Scholarship programs For Student Loan
Check out the scholarship programs page at www.edfed.com. Great way to look for great scholarships programs. I wish you good luck!
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Hire purchase same as a PCP?
Hi I am needing to buy a car for business use and have approached VW to buy a car on a finance agreement. I want to finance a vehicle over 36 months and 15,000 miles per annum (45,000 total contract) The VW salesman tried to convince me that the "VW Solutions" finance package is akin to a Personal COntract Purchase pack' I…
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Advice Please re Loan
Hi, I currently have a loan for my car, original APR 21.0% Amount borrowed was £3895, with a total amount payable of £6813.12 I have had the loan now for 6 months (the 6th payment will be coming out on Tuesday), and monthly repayments are £161.56 I am looking at buying a new laptop, as mine is past it, have seen one I want…
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business loans pt 2 and diplomas
we want to enquire for a business loan soon. I was reading through some home learning stuff and noticed a start your own business diploma course. Would something like that look good to the bank when i apply for a business loan knowing that i have looked into it and have a slight knowledge about starting the business up…