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Hard/soft searches for loans
Good afternoon mse forummers Again I come seeking advice reagrding hard and soft searches on my credit file when looking for loans. Can anyone reccommend some sites for soft searches as I am still in the research stage and do not want to affect my credit rating by doing too many hard searches! Community bank/ credit union…
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Buy now, pay later protection one step closer
New rules to protect over 10 million shoppers who use buy now, pay later (BNPL) services are on the way to becoming law. However, MoneySavingExpert.com (MSE) founder Martin Lewis, who has long-campaigned for BNPL regulation, is urging people to remain wary until the law changes take force... Read the full story: Buy now,…
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Handing back a faulty/dodgy financed car
Hi all, I’m currently having a bit of a nightmare with a car I financed just under 2 years ago, with still 3 years left on my agreement. It’s come time to service the vehicle (it does very little mileage hence not being serviced last year) and have taken it to an independent BMW specialist to be serviced and take a look at…
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Help with loan
Looking for advice on what I can do if anything, I've currently got a personal loan which with interest in around £10,500 without interest it's £8307, I'm currently paying £188.75 per month with about 50 odd payments left, I took it out in a time of need to consolidate a few debts into one payment, since this 8ve split up…
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Extortionate end of PCP charge
I am normally quite savvy with money and make sure I get the best out of everything I buy. I bought a car 2 years ago with Santander on 0% finance. I have paid on time every month and the deal finishes next month with £400 to pay. I looked into buying a new car and voluntary termination was bandied about. I wrote to…
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IS THIS VERY BAD ?
I got a loan off dad to buy a btl a year ago -£70k I had to tell bank deposit was a gift not a loan So it looks like I am £70k richer than I am I have now paid this loan back from sale of another property I have split from ex wife and I know she will come after this £70k gift !! Could I change accountants and tell new one…
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Car Repossession advice
Hi need some advice - took out finance on a car back in march 2021 with oddly car finance. Car was £28,600 + oodles interest total amount £42,209. Monthly payments were £702 per month. Mid 2023 i was diagnosed with some medical conditions and had to have a considerable amount of time off work (8months). I still kept up…
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VW Financial Services PCP - Negative Equity
I am around 3.5 years through a 4 year PCP on an ID3 electric car. I've managed to save the final payment to settle the finance of around £11,900 but if I value my car on any of the online valuation tools it says I'd get around £9,500 depending on the website. I also went to my dealer to test drive a new car and they said…
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Barclays First Plus Loans interest rates
After 10+ years of campaigning against Barclays FP loan clause fairness the FOS has done a complete U turn and there is now a willingness to find in favour of complainants and for the above to negotiate settlement terms for customers who complained over the interest clause. I have contacted the FOS asking them to review…
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Was this loan apr quote reasonable?
Unfortunately daughters old banger died so she needed to get a newer, reliable car. Went through all the sensible budgeting things and found she could get a very nice little car for £15,000, for which she would need a £10,000 loan. She is 20, full-time employed, no debt at all. Did a loan quote with her bank which came…
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Merchant Financing Loan
Hi, As a small business owner, I was in need of some money to enable us meet some quick obligations and I applied through my bank and a Merchant Financing loan was approved. I have now quickly gotten the money back and looking to refund the loan in 7 days but the company are insisting that I had to pay all the fees. I…
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Swift….ex welcome loan
Swift have been chasing a welcome finance debt that was taken out in 2007. It was a secure loan Last payment made was I believe was when welcome went bust 2011 I requested information they held on us, which they still haven’t sent They are saying last payment was Dec 2014 And now issues court papers for June 26 for…
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First time Car Finance: Figures provided feel too good to be true
Afternoon, I was wondering if anyone would mind having a look at my figures and help me believe what I'm seeing. It all feels too good to be true, as last time I checked, my banks were offering me APRs 12% and above. Friends and family keep reminding me that PCP is more expensive overall, which is what has me confused. I'm…
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Default removal.
Hi, Lendable wrongly issued me a default , they emailed in writing and said they’d compromise and remove within 30 days if I made payment in full which I did. It’s now been nearly 3 months and still no progress . I’ve emailed 3 times and keep getting told they’re liaising with their internal teams. Can anyone advise next…
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Quick £200-£250 payday loan
I am looking for a website probably payday loan where I can get £200 with a credit score of 260 points. I have never had any loans and I know that my credit score is quite low. I have checked many sites but every payday loan refused to give me a loan. It seems to me that these sites exist only to steal personal…
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Template for a loan between friends?
My son and his gf split up (fairly amicably) a couple of months ago however she owes him around £20,000. He feels confident she will pay him back in the next couple of months (bank loan or loan from her parents) but I feel it would be a good idea to put something in writing, dated & signed, ie some form of guarantee. Is…
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Premium Credit email scam
Just got an email from Premium Credit telling me my annual statement is ready, I have never heard of or used them before, is it a scam or is someone taking credit out in my name? I have not replied or clicked on any link as I was immediately suspicious.
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restons hfc hsbc mfdp added high collection charges
HSBC HFC RESTONS I had a loan with HFC bank, When I got into difficulties because of serious illness, it was passed on to restons for collection, Restons added between £4000 AND £5000 to the account, for collection charges, I have read that these charges were illegal and should of been removed by HSBC , I have been getting…
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Loan offer has interest rate much higher than advertised
I need to get some repair work done on my home and I applied for loan that said I was Guaranteed to be accepted at a rate of 6%. But the offer has came in way higher than that amount, its 13.5%. There is no way I am accepting the loan at that rate. I just got an email saying go to this URL and sign the agreement but there…
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Personal Loans Shopping
Hi, Martin Lewis is saying the advertised Interest rate is not what you get. So how do I soft search all the loan providers and will the rates from the comparison search results be the rates I get? If not then that means I have to do hard searches to know the real rate that the loan provider will give me? What it is I have…
