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Going directly vs using mortgage advisor
I am a first-time home buyer and my current 2-year fixed rate deal ends at the end of May 2022. My current loan is with Halifax and I have contacted Halifax directly to provide an illustration. I also contacted 3 independent mortgage advising services (brokers). Halifax gives me 2.22% for a 5 year fixed rate, which I find…
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Car loan (PCP) - additional credit checks
We applied for a car loan back in December when we ordered a car. The finance company did a hard credit search, approved the loan and sent us all the documentation etc. Is it likely they will do another search when the car is ready (in a month or so).
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not a traditional loan but turned down for a lease car
My partner has worked for the same business for 10 years and had a company car, but is now moving to a car allowance and is looking to take a personal lease agreement, but has been turned down today. The only bill he pays is his mobile phone bill. He is registered at our address ie on the electoral register, bank account…
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Loan companies not listening....
Hi there, I'm after some advice is possible. I have a loan about to end which is around £600 remaining @ ~£280 / month(Sainsbury). I also have a VW Finance Lease which is ending this month for which I need to pay a bubble of ~£ 14000 (@£379.99 / month currently) So - I've gone to Sainsburys after they send us a letter…
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What type of things to lenders look for on applications?
Looking for a personal loan for house renovation. We are doing most of the work using our spare money but need to replace the kitchen so looking to take out a personal loan to cover this (we have thought long and hard and feel this is the best solution for us) We bought the house in December 2021 - FTB and have been…
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Loan and balance transfer
Hi all, Typically, things have all happened around the same time, and I now need to shift my credit card debt (£5k) to another 0% balance transfer. I have no concerns re this as I currently have a credit card limit across the two cards of £18k and have never gone anywhere near that figure. However I also need a new car…
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Full and final settlment accepted and paid to loan company but now DCA emailed me
I had a full and final settlment accepted by a loan company, as they have went into administration as well so guess they could have used any money they could get. Now I have a DCA which has emailed me ( ACI ) requesting the loan payment. Can anyone advise regarding this ?
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Loan v credit card
I have a loan to purchase 2 mattresses. Amount borrowed is £2150 @16.9% over 5 yrs paying £52 per month. Interest charge over 5 yrs is £900. I have an MBNA credit card @ 7.9%. I have tried unsuccessfully to use the calculator. Will I be better to pay off loan and use credit card?
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Confused about when Plan 1 student loan gets written off
Hello all. Hoping someone could offer some clarification on this issue... I have a Plan 1 student loan, which you start repaying once you earn over £19k, and will be written off "25 years after the April you were first due to repay". Student finance also states that "the earliest you’ll start repaying is ... the April…
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Payday loans
My son stupidly took out pay day loans some years ago, as the ones he owes money to have gone bust, does he still have to pay them back ?. I'm asking as we have not heard anything from them until yesterday. He had an email from a company A C I working for Sunny, chasing payment. Before lock down started we contacted all…
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Quick quid delay
Just seen that quick quid payments have been delayed. They are now anticipating paying all creditors by the 30th April instead of the end of march. Wonder if it will be delayed again then
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Post Office Loans Query
So I’ve had a rather odd journey with applying for a post office loan. Filled out the application around two weeks ago online and was accepted (seemingly!!) at 2.7%. Fast forward two weeks and the money appeared in my account yesterday having heard pretty much nothing from them in the interim. Is it safe to assume that the…
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Morses
Ok need advice please. Got a loan off Morses and it was all done electronically and no agent had to visit. But now I can’t make payments will they send a agent to my house to collect or simply contact me via letter. I don’t want neighbours to know I’m using these companies (embarrassing) ..
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Equity Release contemplation
Looking for others thoughts on our situation. We are married, aged 59 & 56 this year. Both working & wishing to retire in next 2-3 years maximum. We still have a £90,000 mortgage. We have an estimated private pension income of 40,000/ annum & will (all being well) both get maximum state pension at state retirement age. So…
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False loan agreement claim from a liquidator
I have just received a letter from a liquidator saying I owe money (£10,000) in relation to a loan agreement I took out in Sept 2018 with a company that was owned by my sisters, now ex, vindictive boyfriend, who has a reputation for underhand financial activities. I have written back to the liquidator asking for evidence…
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Student finance applications for 2022/23 are now open – here’s how to apply
Applications for student finance loans for the 2022/23 academic year are now open for UK students. Both new students and those returning to university can apply. Read the full story: Student finance applications for 2022/23 are now open – here’s how to apply If you haven’t already, join the forum to reply.
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Blemain Finance/Together
I desperately need to make a complaint against this company about a secured loan taken out in the early 2000’s. This is crippling my family and their charges are so unfair, I just don’t know where to start, please help.
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Old-style student loans (late-90s)
Hello, Pleased to join after some tech glitches! I have a question re: 'old style' student loans taken out in the late-90s. Googling this, you get contradictory info: 'Student debt is not like other debt, as anything remaining after 30 years is wiped. ... The interest charged on the loan could make the difference between…
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Thesis Servicing / SLC
I have a number of pre-1998 student loans. I have always deferred them and for many years, the deferment was straight forward and accepted. A number of years ago, Thesis took over the "servicing" of these loans. it is a sham though. Any deferment goes to SLC who make the decision and the convoluted timescales for letters /…
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First Direct Loan
Hi, I have had a First Direct account for good 25 years now. 15 years ago I took out a loan, when I clicked on the loan section of the online banking it immediately provided me figure pre approved for the loan. Same it had for credit cards and overdrafts. There were no credit check carried out for the loan or credit card I…
