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Old Help to Buy Equity Loan vs current one
Hi all, So I have the original Help to buy Equity Loan (I bought my property in 2020). I have a couple years left on it before I start interest and was just curious and looking into it (forgotten the rates). I understand that there was a new Help to Buy scheme introduced, 2021-2023 scheme. And looking at the differences,…
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Second charge registered
Good morning. I had a second charge registered against my property in 2008 in favour of Egg Finance. I'm trying to sell but cannot get a settlement/ redemption figure. The debt has been sold several times and is now with Cabot but they cannot locate the account. I'm now in danger of losing my buyer. I understsnd that the…
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Overpaying on loans
Hi, i have 2 identical loans over the same term and at the same rate. One is for £80k and the other is for £30k. They were taken out at the same time. Is there any benefit in overpaying on a particular one or is there no advantage gained, can the overpayment be split equally?
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Lloyds loan calculator - how long to process?
So I checked on Lloyds online loan calculator for £35,000 over 5 years and it said highly likey. If I went ahead with this, how long roughly doe sit take for Lloyds to process this loan? I remember a few years ago and asked for £3000 and got it the same day...
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Charge on property question
Hello Asking for a family member There business like many has had to endure hard times. They bought a pub just before covid and got into big debt because of covid and no income etc along the other they bought just before that. They had a 600k personal loan against their home that is worth in the region of 2.77 to 3 mill. A…
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identity fraud hell
My story started with something happy, a cruise, in oct i did the online check in for my cruise through the app like they had told me to, turns out that my details were stolen and during oct someone took out three loans in my name, payed them into the debit account (joint account card used for cruise) and immediately…
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Irresponsible lending-FOS
Hi how many times can you or how many complaints can you put in with the FOS at the same time about irresponsible lending. many thanks
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Which is more important - amount or %
Hi i am hoping you can help me. I have 2 loans currently and a PCP that i am paying off. I am due to renew my mortgage around September time so i am trying to make my affordability as good as possible. One loan is at £8200 and on 2.9%, the other is at £13500 and on 6.9%. I am due to get a payout of £8000 from my car being…
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Best or quickest way to pay off PCP!
I really need a house, but really struggling! I realise my car finance and other money issues (Like child care etc) are getting in the way and I need advice on paying off my PCP as quickly or best way possible. Have around 12K left to pay off on finance, with a little less then two years, plus a balloon payment at the end,…
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equity release
My father took out an equity release in 1999. This is a compund interest of 7.5%. He passed away and now the debt is owed by my mother. There is a penalty for early payment which is tied to guilts. They really new nothing about all of this and now looking into paying it off it seems that as it was a life time mortguage…
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Equity Release
My mum in her 80's has drawn down 2 lump sums of £30,000 to help her top up her pension. She is now telling me it's at a rate of 8%, if this continues, depending on how long she lives, may owe more than her house is worth. Do you know if she can get out of it? She wants to sell her house to down size, at this point could…
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Bridging loans
Hi, does anyone know anything about bridging loans?
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Do personal loan lenders check employer’s credit ratings and/or status?
As per the question really, i’ve noticed, through 3rd party sites and directly with lenders you are asked for employer details, and they often have a search function to ensure they have the right one..do they run a search on this to check whether your job is safe basically? My employer is currently in a CVA, and although…
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Car finance chasing me for a debt I'm not responsible for
I got a settlement figure quote for my previous car on 5/10/22 which was valid until 2/11/22. I sold my car to a dealership on 13/10/22, well before the quote was due to expire, to clear the finance on my settlement. I later found out they didn't clear the finance until 4/11/22, as this was after the quote expired, BMW…
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MSE Club Eligibility Vs Lender Eligibility?
Hi, apologies if this has already been asked / answered somewhere, I did a search but couldn't find anything related. So I'm looking to take out a loan to consolidate credit card debts into one payment and reduce the amount of interest I'm paying. The 0% cards on offer to me at the moment are only short term (6 - 9 months)…
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Experian Credit Score 867 unable to get loan
I realise the Experian Credit Score 867 is only an indication, but I have been decined a 10k load from Tesco's I have credit cards all cleareed and 2 x First Direct loans, First Direct also declined to merge the 2 loans and loan me 10k realise hard but wondering why I can I get credit cards but struggling to get a loan, is…
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Credit Repair becomes downfall???
Evening All, Over the past few years, I have taken advantage of the multiple Credit Cards offered to me under the premise of Repairing My Credit Score.... however, it would appear that in doing so, i have inadvertently reduced my affordability score due to the amount of credit available, even if I have not used it. Am i…
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HELIODOR HELP PLEASE!
Hello I am desperately hoping someone will be able to advise me. I was recently refused a loan. This has never happened to me so I was shocked. My bank advised me to register with Experian, which I did. On my report there was a loan with Heliodor that I had no knowledge of. It has ticks to say it had been paid monthly for…
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MSE News: High-cost credit firms SafetyNet and Tappily fall into administration
Credit providers SafetyNet and Tappily have collapsed into administration and stopped taking on new customers – but there's no immediate change for existing borrowers. Both former and existing customers can still submit mis-selling complaints, though there's no guarantee you'll get anything back. Read the full story:…
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Will they not take direct debit?
I made an overpayment on my loan of a similar amount to my direct debit. This was made before the direct debit amount, but Virgin have not taken my direct debit today (bank says it was due today). Is this due to the overpayment? I had budgeted for both payments, I'm just trying to work out what is going on. Thanks in…
