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Applied for a loan so APR on other loans increased
I applied for a loan to buy a car, so it isn't a small loan, but I have a fantastic credit score. I went to Tesco Bank as they were offering 6.0% but was having issues applying online, so I called them late afternoon on Monday. I don't recall whether they told me before or after agreeing to a credit search that the offer…
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Need help with making decision on my car finance situation.
Hi guys I need an advice regarding paying off my car finance I currently own Honda Civic 1.5l 2017 Fk7 MK10. It’s reaching 100.000 miles and I paid off nearly 3 out of 5 years of the finance on it (£8.100 left to pay). I have decided that I will leave the UK forever next year due to family issues and I am trying to think…
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How to work out what might be cheaper - money transfer from a credit card, or a loan
My husband wants to borrow £3,000 to cover the cost of a lease extension. He is trying to compare whether it would be cheaper to do a money transfer from his credit card (currently zero balance) or get a bank loan. Either way, this value will be included in a re-mortgage in a few months time; so it is only a temporary loan…
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How to complain about excessive interest rates
Hello, We stupidly agreed to a loan with Shawbrook for repayment of our windows installed by Britelite. I have received our annual statement and we will be paying £7050 interest on a £5395 loan so far we’ve repaid about £7900 with a balance outstanding £3498. This feels like usury in this current climate. we haven’t…
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Court claim kearns solicitors
Hi apologies if I have posted this in the wrong thread. Basically I received a claim form for a debt with link financial/kearns. I rang them last Monday to explain my situation etc and offered a repayment plan if they agreed to not pursue the claim through court. They agreed the payment plan and said a letter will be sent…
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Heliodor Mortgages _Topaz Finance Ltd - not discharged a previously settled debt
Really seeking some advice, la catalogue of errors back in early 2022 by our solicitor (buying) and the sellers solicitor. Sellers Solicitor took an undertaking that a registered charge in favour of Topaz Finance Ltd Jan 2005 and an equitable charge in favour of Northern Rock May 2009. Having purchased the house and not…
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Use of interest free loan
My parents paid some time ago a big bill for me which was of significant benefit. They have also offered me an interest free loan which although I do not need right now I am thinking i could deposit in a savings account and return the interest I earn to my parents in gratitude for the bill they paid for me previously. My…
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Amigo Loan mis-sold
Hello, I was a full-time student when I took out a loan via Amigo Loans in 2014. They offered me the loan and I took it with a guarantor. I only worked 10 hours per week. Despite my limited income, I was offered this loan, which I could not realistically afford. Since then, I have remained in debt, still paying off a loan…
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In debt with a bad credit history seeking a consolidating loan
This post is about getting a loan when you have a bad credit record. My daughter has got herself into debt (circa 5K GBP). Mostly a credit card but also Klarna and Council tax. This has been due to the impact of having to supplement an income adversely impacted by poor mental health. She works for the NHS who have been a…
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Fixed vs Variable Business Loan
When I read about fixed vs variable business loans, I always thought it referred to the interest rate being either fixed or variable (and therefore the repayments also fixed or variable as a result), but the loan term remaining fixed. I spoke to a bank lending manager about a loan and they called it a variable business…
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Taking out a loan before switching mortgage deal
Hi, I'm considering taking out a loan to consolidate some credit card debt. My 2 year fixed mortgage is up in September and I'm wondering if applying for a loan now will affect my new deal even if i was to stay with my existing lender? Don't know much about this as this was my first home purchase so any advice would be…
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Loan to help a family member
Hello, my boyfriend recently took a loan out in his own name with his own details to help a family member pay for car repairs and other household items. I know he is fully responsible for paying the loan back he is not looking payment back from the family member but they are paying him back as a gesture of goodwill. Is…
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Home improvement Loan for non home owner
I live with my wife in a home which is owned by her parents. The house has no mortgage and we don’t pay any rent.We want to get a home improvement loan but as we don’t own the property, we can not get a mortgage. Where would be the best place to obtain a loan with a low interest rate?
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Best way to buy a car - loan or credit card?
The car costs £16000. We don't have savings. Should we get the dealer credit, apply for a loan, and could we pay either off using interest free credit cards quickly and just transfer as the time period for interest free ends.
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paid off 2 loans, is there a negative to this?
I paid off 2 loans recently which amounted to £9k and payments of almost £700pm. My credit score went up by 18 points and although I'm aware this means nothing in the grand scheme of things, it seems in the eligibility checker for balance transfer cards or further loans that any offers there recently are no more. Does…
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Financial ombudsman
Hi all, so my complaint has been upheld my initial investigator but firm is contesting. After 3 month investigation would have hoped it would have concluded by now. Anyone have any experience in this field, what is timeline and is it worth negotiating with firm so that an expedited outcome is on offer?
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Help Needed Please - Lived Abroad, No Credit History
Hi Everyone, I have just returned after living in Australia from 2009-24. I've got a job with car allowance, property in Aus still and no bad credit history in either country. I have approx £2-3k in cash and am currently unable to access assets. I've tried getting car loans for around 15k but no-one will touch me unless…
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Bounce back load- dormant company
Hello, Looking for advise from similar suitable of outcomes. My limited company Barclays BBL I haven't paid anything since last couple of years as limited company has been dormant and Barclays closed my business account with them over 15months ago. They have given debt to collection agencies. So far just letters to contact…
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loan for depoist for car
Hi I need around £3k for depoist on a car to keep monthly repayments on car low what is best idea credit card or loan
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In loan application limbo
Hi all, My mum and I have purchased a property (co-owners). We're having a renovation done and although not ideal, we (well, I) may need to look into getting a loan at some point. A bit more info: * We're not currently living in the property (it's unoccupied) * We're currently renting a place we've lived at for 17+ years I…
