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Car finance and mortgage
Hi everyone, I got tied down into car finance two years ago and unfortunately at the time my credit was not great so was offered a high rate loan. I was desperate for a car as I needed it for work so accepted it. Anyway I still have three years finance at £210 but I am looking to get a mortgage next year. My last defaults…
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Borrow more than I need to get lower interest rate - good idea?
I am looking to buy a second hand car for about £5000. I usually get loans etc with nationwide as I have my bank accounts and mortgage with them and get good rates usually. I have checked their loan calculator and the apr drops from 3.9% to 2.9% at £7500, which means if I borrow 5000 over 60 months at 3.9% it costs me £502…
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Section 75 Laptop out of warranty
hi all just want to double check I'm doing things right here, on 31 jan 2019 I purchased a high-end gaming laptop (just short of £2000) i barely use it as I have a high-end pc so only use the laptop when travelling I think i'd be lucky to have used it for 150 hours over the past couple of years, but that aside it…
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Natwest loan settlement figure
Can someone help. I have a natwest loan and wish to pay the settlement figure. But I want to do this without the hassle of calling. Does anyone know if I can do this through my online banking?
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Signed up without my consent.
I was recently looking into a loan, wanted to check interest rates etc. I ended up at loan-panel.co.uk via a link from either credit karma or totally money. I'm not sure, But they took my info including my card details for an age check. Seemed all legit and did not notice anything wrong. This was last Friday, Fast forward…
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Cut existing loan costs - have you saved from 'switching' loans?
Hi all, a new thread to capture any successes, savings or real-life warnings from switching loans (for more info, please see our Cut existing loan costs guide). Please share your experience if you took out a new loan at a lower rate, and paid off an existing, more expensive loan. To help inspire others, please let us know…
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Trying to make a lump sum payment!!! help please
Hi All. I have a vanquis bank loan (worst thing i ever did) and i have around £2200 left. The settlement on it is £2040.00 but i have a dentist app next week that willl cost me £500. I don't want to take out any further loans etc so decided not to settle this but make a payment of £1500 and reduce the payments, and settle…
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Ratesetter loans
I was looking for loan offers and received an extremely low rate from Ratesetter 4.9 Apr for £10000 compared to other offers I received from banks like Lloyds. I had never heard of this company before and wanted to know if anyone had applied for them in the past and would you recommended it. Also, do they require proof of…
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0% eligibility across lenders
So I’m looking to take out a 10k loan over 5 years to pay for a used car, I currently have one on finance but I’m selling it to webuyanycar. Anyway I’ve been using the eligibility calculator and I have 0% eligibility on about 80% of lenders. I earn over 30k a year and I’m 23 years old without ever missing a payment and I…
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2.8% loans don't exist
Hi everyone, I'm trying to get a loan at a decent rate for a car. But whenever I fill in the form I qualify for the 2.8% loans at the amount I want to borrow (£20k), but then after I've applied the confirmation comes back at 8/9%! I appreciate you have to go through that process but I don't get how the rate can change when…
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Paying off plan 1 student loan
I have around £3500 left to pay on my student loan and currently pay £137 a month through PAYE. I want to pay this final amount off. How is the best way to go about this so I don't end up making another payment through my salary the following month? Can I do this online or do I have to ring someone? Many thanks
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Problems getting answers from Student Finance England
Does anyone know how to talk to an actual human at Student Finance England? Every channel - and I mean everything, from email to phone lines to social media - is operated by automated technology and is designed to stop you querying their processes and decisions (sounds cynical I know, but I have some knowledge of how and…
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Pay off loan to get bigger loan
Hello, I took out a loan of 12k last year to buy a car. Im looking to sell this car now and pay off my existing loan as the value is worth more than the loan. I would like to get another loan soon after (20k) as im able to secure a decent rate due to good credit. My bank told me i might get declined because they have a…
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Loan to a friend and tax
Good afternoon people. I've got a question in regards to tax. My situation is as follows: I've lent 2000£ to a friend to start a business. I know I will get the money back, that's not the issue here. The money was lent this way: he bought a van for 1200£, I paid 600£ to the owner through bank transfer, 350 in cash from my…
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Overpaying on PCP as mileage has not been as predicted
Greetings - When I took out my PCP agreement in Jan 20, on a used vehicle, my predicted mileage was 25,000 a year. Last year I did about 4000. This year I'm likely to do more, but much less than 25,000 per annum. I'm therefore massively overpaying on my PCP and having spoken with the finance company I've been told there is…
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Student loan.
A family member going to university this month tried to set up his student account. It was declined because they said he had a mortgage. After doing a credit search we found that it had a mortgage on it. He has only just turned 18 and obviously never had a mortgage. How does he get it removed? Thanks
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paid a lump sum off of mortgage
Hi paid a lump sum off my mortgage through Lloyds Bank to the Halifax, Lloyds bank said that the fpo will reach them within 2 hours ,kept checking online my Halifax mortgage account, it was not showing ,phoned up the Halifax they said it would , take 3 to 5 working days to show ,they checked the payment details were…
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mortgage type student loan thresholds
Anyone know why this years repayment threshold for mortgage style student loans has DECREASED over 2019, while loan thresholds for Type 1 and 2 loans have both INCREASED ? Does anyone know what items are taken into consideration to establish the threshold level and what is the logic behind using it for people that reside…
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Bamboo Loan Refund
Hi All, Im new to this so please bare with me. After some great information i read on this site, i decided to reclaim unaffordable loans. Ranging from payday loans to one guarantor loan with bamboo. I took out several loans in a 6 month period in 2016. During that time I was in the midst of a mental health breakdown. I was…
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Onstride Grant Thorton sold to Lantern
Hi, Did anyone receive a message from onstride/cash euro net or grant thornton about them stopping payments on 23 august 2021 because I never. So I checked my bank account last Friday and today to see if onstride was on there nothing so I rang up onstride today and they apologised that no one informed that no payments are…
