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NatWest loan approval process
Hello! We applied for a joint home improvement loan. We were sent the electronic agreement yesterday and we both signed it and it asked my partner a couple of questions about his address history. No questions for myself. We both signed it online. Im just wondering if anyone knows what the final checks are and what they…
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Not getting offers with very clean file
My bankruptcy recently fell away from my credit files, yes have checked all of them, and its now super clean, have paid all my cards religiously for 6 years as well as phone bills etc.. naturally all the ‘scores’ went through the roof once the BR fell away but i’m not getting any offers from a couple of searches..in fact i…
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PCP or buy outright?
I'm in the process of looking for a replacement for my car as it's getting more expensive to keep running. I intend to keep the car for a number of years, well past the duration of any finance deal. I'm trying to decide if it's better to buy it outright up front, or to take advantage of dealer contributions (£1k-£2k…
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FOS High Interest Loan Complaint
Hi all, Just looking for some community opinions. I recently had one complaint for a High interest loan upheld by the FOS so I decided to make another one for a second High Interest Loan taken out around 4 weeks before the upheld one. This one has not been upheld by the adjudicator and is now going to an ombudsman. One of…
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Statute barred loan
Hello everyone, I'm looking for an expert opinion on an old payday loan I had from MyJar. On the 15th August I recieved an email from MyJar about an old loan I took out with them, (which I defaulted on many years ago, they went into administration in 2020) and a followup email from the debt collector on the 25th August…
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Guarantor for loan
A family member has asked me to be a guarantor to enable them to get a loan. What are the risks for me if I say yes. Thanks
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Klana - no discount alllowed
Two different retailers have told me the instore or online discounts can’t be applied if paying for goods via klana. Why is this? It doesn’t feel right that people needing to spread the cost over longer are penalised and need to pay more than someone who can pay that day. As if that’s the case it’s not really interest free…
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Equity Release Heartbreak
We lost our dad just over a year ago and as our mum has dementia we took over as power of attorney. In May mum had to be moved into a carehome so we have put her home up for sale to cover carehome costs. We found out that in 2005 our parents took equity release with Scottish Widows of just under 35k and the repayment for…
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Paying off one loan at a time?
Hi everyone I have a few loans that I have been paying. It occured to me that instead of paying small amounts to each loan and gradually pay off. Doesn't it make more sense to pay off a huge chunk off one loan each month quickly getting rid of the smaller loans to allow even bigger chunks to be gradually paid off the…
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I need to borrow £100 for 6 days. Which is the best payday loan provider to go through for this?
I have looked online and many of them seem fishy. Thanks.
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Early Settlement question
Is it always the case that if you take a out a personal loan (for a car, home improvements, debt consolidation etc) is it always the case that the lender has to offer the option of an interest rebate if you pay off the loan early, and if so, are there rules as to what percentage (or whatever) of the interest they have to…
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Very Quick Loan Calculation Question
My MBNA CC is offering a money transfer to my bank account of 4.9%PA for 36 months. I am looking to buy a car and have been offered a loan of 19%APR What does 4.9%PA work out to be for a £6,000 loan? Thanks!
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Car PCP. Can I avoid the fee at the end of my agreement ?
My PCP finishes in three months. I want to pay the final lump sum to own the car. If I wait until the end, I pay the payment plus a fee of £200. If I settle early, do I avoid this admin fee ?
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Is this legal? Possible problems with loan interest.
Hi, This is a bit of a long one I'm afraid, but if anyone can get to the end and offer advice, I'd be eternally grateful. My son trained to be a pilot. We didn't have the money to pay for the training, so the flight school agreed to lend us part of the fee. This was to be paid back at a rate of 5%, with payments commencing…
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Can I take a loan out on a life insurance policy?
Hi, I’ve heard of this quite a lot coming from America and I’m not sure if it something that you can do here. I was wondering if someone can help. Can I take a loan out on a life insurance policy? Thanks in advance.
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Paying off loans - effect on credit score
Hi I have two loans. One 10k one 7k. I plan to pay off the 7k one and then reschedule the 10.5k at a lower rate. I've built my credit rating to Excellent with Experian and via MSE and Good with TransUnion via Creditkarma Next year I plan to take out a car on lease. I're read that paying off a loan can affect my credit…
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Exiting a PCP finance deal
Two years ago I bought a new motorbike on a three year PCP deal. I would now like to exit the deal early and give up the bike but I'm feeling trapped. I can't sell the bike privately and use the proceeds to settle the finance because I'm not the owner, the finance company is. They have provided me with a settlement figure…
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First plus secured load to Elderbridge
we had a secured loan with first plus taken out in 2007. we paid this regually then suddenly they stopped taking payments. we inquired about this and was advised that first plus had folded and the new company would be in touch. it is now 2022 and we have heard nothing since we recently applied for equity release and it…
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Is Now A Good Time To Take Out A Loan?
I have a few credit card debts currently on special balance transfer 0% rates that will expire early 2023. Normally I would just apply for other 0% credit cards to transfer them to, but the offers and suitable credit limits available to me seem to be dwindling, so I’m thinking of taking out a loan to pay them all off. My…
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When are my student loads written off?
I have 3 student loans: 1 with Erudio, which started in November 1999 2 with Thesis, which started in April 2001 I started University in September 1995, took out loans with the SLC over a number of years which have then been transferred to these companies. Not sure of the actual dates of the loans but I was a full time…