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Settlement figure more than original loan
I took a loan of £22,600 from Post Office Money in November of last year. I was in a bad position at the time and signed up for the loan with an APR of 17.9%. Since then I have got more organised and saved a few thousand with the idea of paying down the loan or refinancing to get a better rate. I was surprised when I…
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MSE News: Amigo borrowers one step closer to being refunded after High Court approves redress scheme
A compensation plan put forward by Amigo Loans to return at least £112 million to borrowers it wrongly mis-sold high-interest loans to has today (23 May) been approved by the High Court. The move is a significant win for borrowers and follows a previous proposal that was rejected by the Court... Read the full story: 'Amigo…
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Natwest not allowing partial overpayment
Hi all A couple of days ago I used the Natwest app to try to "get a quote" on partially overpaying my personal loan - I was hoping to get new monthly payment if I do this without reducing the term. In the app, above the "Get quote" button, there was an FAQ - Can I make partial overpayments? Yes, you can make a partial…
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Small(ish) student loan
I returned to uni for a year postgraduate course in 2016 and took the available loan for the year (I honestly can't remember how much that was, about 18k?). The balance is now standing at about 15k and my student loan repayments are around £1.5k per year at present, and rising when I move jobs soon. I think this puts me in…
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CCJ with Lowells but orig lender now agreed irresponsible lending
Hi, i have been paying a ccj with lowells for 3 years and fighting provident in the meantime, i have finally had notification that it was indeed irresponsible lending. So my question is, provident say the debts are to be written off and compensation is to be paid to me BUT Lowells have the debt and i have a ccj, where do i…
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Provident refund to be paid to debt collection company
Hi I recently was successful in claiming compensation from provident for missold loans but they are applying the compensation to one of the loans still held with a debt collection company - surely if I was missold the loan I wouldn't still be liable or would I????
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Haven’t received guaranteed pre-approved APR Rate
Hi, I’ve recently been looking for a loan to consolidate an existing loan and carry out home renovations to the sum of 15-18k and settled on a pre-approved 100% guaranteed apr of 3.9% with rate setter over 4years yet when I’ve accepted this, submitted my docs the rate jumped up to 19.8% when they’ve asked for my signature.…
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Newly Self Employed - Help with Loans
Good Morning, My husband has recently changed employment to self employed. For his work he needs to upgrade his van to a larger transit. He is finding it difficult to get loans due to his working circumstances. Based on this - we can either top up our joint loan or remortgage (we have lots of equity). However when…
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Increase of Student Loan repayment from review of UK RPI / Price Level Index for people in Australia
Hi My daughter, living in Australia, has had her monthly repayment figure increased by £41 because of the annual review of the UK RPI and the Price Level Index (which I understand relates UK and Australian costs / prices) In my daughters case this is a 100% increase ! This seems harsh because a) RPI changes are usually…
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Account issues.
If your bank closes your account and the balance reads nil, can they reactivate at a later stage or is it written off?
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Amigo borrowers have until 5pm today to vote on their preferred redress scheme for mis-sold loans
Thousands of Amigo borrowers who were mis-sold loans they couldn't afford are being given the opportunity to vote on two different redress schemes: one that will see borrowers get back an estimated 41p per £1 owed and allow the company to continue operating, and one that will see borrowers get back 33p per £1 owed but will…
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Student loan debt but never attended
This is gonna be a strange question but I thought it’s worth asking anyway. I left college and started Uni in 2011, obviously getting a student loan but I left after a week. Being young and stupid I never officially withdrew as I thought it would’ve worth it to me to keep the grant I got every few months (stupid I know).…
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Student loan pre 2021
I have £3k left to pay on my student loan. Should i pay it off before the 12% increase in September 2022? I earn 40k a year and my interest on the loan atm is 1.5% Thank you!!
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Student finance
Hi, my daughter decided to leave uni in February, 1st year, and change her course starting at a new uni in September. She had to pay 50% of her tuition fees and rent for spring and summer term. Her flat has been filled and so she is not being charged rent for the summer now. However she has received her student finance for…
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Self-Employed Accounts Student Loan Maintenance Application
As a self employed person when submitting accounts to see how much our child qualifies for do I put down Gross Income or Net Profit?
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Erudio student loan deferment taking ages!
Hi All, Just wondering if anyone has had problems recently with their Erudio student loan deferment, as in the amount of time taken to process? I submitted mine online on 25 March and have still heard nothing back, apart from the 'We have received your deferment application' email. Normally, after I've sent everything to…
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Volkswagen Finance > Settled
Hi, Quick question - I had an Audi that was on a balloon agreement through VW Finance. I settled the agreement in full but the account still shows as being live on my credit report, I waited until it showed as being last reported (after the settlement date). The problem I have is that I want to go for a mortgage but this…
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Provident claims compensation
I have just received an email saying my claim has been successful and to log on to the portal and read the letter with a offer on it, I thought to myself great I will be getting some money back, to my shock the total amount is between £3.97 and £5.96, the total of the loans was £890.00. It says that 2 of the loans were…
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Loan confidentiality (letters in the post)
Bit of background first, my username which I selected ages ago points to my problem, had a gambling problem for a few years now but on the day the football season ends I am 100% signing up to Gamstop, I'm so ready for it and have come clean with my parents (who I unfortunately still live with again thanks to gambling). I…
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Welcome Finance secured
Wrote to welcome years ago for a SAR never received anything havet paid or spoke for 10 years apart from letters from coast, which I have never responded to nothing on crecit file regarding welcome so sold house and day before completion was told had welcome on land registry 5 months and Solicitor’s still not sorted as…
