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Student loan deductions on maternity
I am currently on maternity leave with my first child and I am being paid the remainder of my maternity pay in a lump sum due to a take over of the firm I work for. I am on statutory maternity pay and because I am being paid it in a lump sum I have been deducted over £400 in student loan repayment. I called student loan…
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Business loan sharks
This is a long one I’m afraid! Can anyone advise on business loan sharks? We took a loan out back in February 2020. I don’t want to say who with as they’ve already been identified as unscrupulous! Our loan was for £20k to enable us to get going however, a short time later COVID hit. We are in the entertainment field so up…
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Loan or Mortgage
I'm mortgage free but I want to have an extension built. However, I'm not sure what sort of loan I need. If I look at home improvement loans, they typically only go up to £50k. On the other hand, mortgages appear directed at first time buyers, people wishing to remortgage/move to another lender, or people wanting to move…
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When is it worth paying off Student Loan?
Current Balance - £11500 - Plan 2 Salary circa 50k Currently seems expensive with a rate of 5.17% per annum.... Even a mortgage or personal loan seems cheaper!
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Northern Rock Loan - Where to Start?
Hi, I'm very new here, this is only my second post as I brave lifting my head *out* of the sand, so to speak, and I know that there is a *huge* amount of info re Northern Rock mortgages/loans, which is why I'm posting really as I'm already feeling a little overwhelmed. I would appreciate any help or advice so much. We took…
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New car finance, dealership being funny
Hi all, Sorry if this is in the wrong area but I paid £16000 down-payment on a 2011 plate land rover and the remaining balance being paid on finance, I haven't even had a chance to test drive it yet. I have had a look at the previous MOT and requested the dealership to correct everything that is wrong with it before I take…
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Legal Advice
My loan company have recently accepted liability for changing my payment date without my authorisation. This lead to escalating into missed payments, false arrears and generally a big mess on my credit file. To get to this stage has taken 8 months. Am I right to consider them in breach of contract ? 🤔 what are my options ?…
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amigo loans
Hi, so i need some help and don't know where to go... I got an amigo loan out when i was 19 for £3000. Amigo never asked for proof of income or bank statement when i got accepted for my loan. Then they accepted my guarantor who is retired and can't cover my monthly payments if i can't afford them. I used the letters on…
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Early PCP Car Payments....
I usually pay my car payments early to save interest. However, I have got a PCP loan this time, to keep payments down each month. If I want to make additional payments each month (say 2 months per 1 month, i.e. monthly payment is £200 but I want to pay £400) how is this allocated? I.e. effect the balance/balloon? Have it…
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Loan calculator and how to complete
Hi, I am about to complete on the sale of our house, the mortgage of which was in my late partner's name so I am currently not a home owner or have a mortgage. The proceeds of the house is going to partly pay for my new house but I will need a loan of £20.000 to make up the shortfall. I will have enough income to repay…
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Capquest Student Loans
Help needed!!!! In 2015 I moved to another address and started a position whereby my credit was taken into account. Soon after moving I received threatening letters from Erudio Student Loans I'm assuming because I registered on the ER. I was told by Erudio that if I didn't make payments to this very old student loan…
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Additional payments taken....
To anyone that can help... A few years ago I was in a desperate situation with several loans / credit cards coupled with a divorce, so yes I was desperate. I went to my bank to consolidate all the debt into a single loan. The total was £20,500 and I was offered a deal of 12% APR over 97 months. With no other option I took…
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£3000 loan for a 18 year old?
I'd like to take out a £3000 loan to buy a motorbike. My credit history is "Fair" and i have a stable monthly income of £1100 after tax at the moment. I am currently an apprentice. What do you recommend I do? Are there any places I can take a loan out and not pay insane % or is it a bad idea in general? Thanks in advance.
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Car Finance Question
Hi All, I'm currently in a predicament with what to do with regards to replacing my car. Current car is knackered, with repair bills far outweighing the value. I had been saving regularly, to replace the car before the ULEZ charge came in October. I need a car for work. With about £7k saved already, I have enough of a…
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Shaw brook Bank new windows referral.
Thought id try Anglican windows for double glazing. Though credit terms were acceptable and contract signed electronically , later into sales vid call a referral came back to salesperson. This was after I agreed to pay almost 200 pounds deposit. Though not a complete shock, what realistic chance is there of passing this…
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Amigo Loan
Hello, I hope anyone can give me some advice. I took out an amigo loan with my sister as a guarantor in October 2019. At the time I was mainly concerned about any detrimental impact this may have on my sister as she was planning on applying for a mortgage at the time, I was informed on numerous occasions (as was she) that…
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Barclays Bounce Back Loan Increased Repayment
I received this letter today from Barclays increasing my loan repayment from £250 per month to £280. I had agreed to repay £250 last year. Is this a common occurrence?
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Student Loan Question
If someone decides not to take a student loan at the start of their undergraduate course - can they later if needed apply for a loan? I plan to pay for my daughter's uni fees and living costs - however if circumstances changed in future would be good to know that this option exists.
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Bounce back loan
My tiny company took a BBL last year through our business acc TSB. We then changed bank so are no longer with TSB. I want to set up a dd to pay monthly bbl payments but TSB say I have to open a full business acc to then have an LSA acc. Surely I can just make payments to TSB with a company reference? Just like you do when…
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Money Barn - Providing Car loan without checks
Afternoon everyone, I wanted some advice, I purchased a car loan via a dealership a few years ago and I believe they financed me without doing the proper checks. I had a car loan agreed with a company before I visited the car the car dealership to have a look at the car I wanted. Upton choosing the car I was taken into the…