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First ever loan - am I being sensible
My partner and I both work full time - neither of us work locally or anywhere near each other. She is a nurse and relies on my car to get to work while I make do with trains and borrowing my dads car. I've got fed up with this and have decided I need a second car - as I never get to drive my own. I have had 2 cars via PCP,…
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When Applying for a Loan
Hi all, hopefully an easy question I'm applying for a personal loan from Nationwide. When answering about net income do I include my benefits i.e. housing benefit, child & working tax credits?My wife's account also has child benefits and disability allowence. Do I include those too? Thanks
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Help! Family Dispute Over Loan
Hi I’m looking for a bit of advice. My partner had bad credit and couldn’t secure finance to buy a car so his father kindly stepped in and took a loan out in his name for my boyfriend to get his car. My bf has a standing order set up to repay his dad monthly for the car. However, my bf’s circumstances have now changed and…
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Bamboo Loans early repayment figure
I took a loan of £3000 from Bamboo Loans over 60 Months in October 2020 at an APR of 69.9%, monthly repayments of £145.77. I know the APR is scandalous but at the time I was desperate and I always intended to repay early when it was possible. I have today requested an early settlement figure and they have quoted £3098.18,…
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Car finance - discharged bankrupt
So, first things first, I've been discharged for over two years now. I will be needing to get another car later in this year as my current one is starting to cost too much to maintain, and has it's MOT in a few months time as well. I'd imagine getting finance will likely be difficult given the bankruptcy from 2018…
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Does taking a home improvement loan makes sense in my case?
I have never done this sort of thing so some advice will be much appreciated. I would like to add a second bathroom to our house. I am able to pay for it upfront but because the interest rates are quite low I was thinking maybe I should take a (unsecured) home improvement loan and pay it off slowly each month over the next…
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Key Worker Living Home Buy Equity Loan 2004
Hi I borrowed £35,000 from Tower Homes in 2005 to purchase a key worker home for £230,000. The property had a lease of 65 years. The loan amount represented 17% of the value. 6 years later, my home is now worth much more but the lease has dropped to 49 years. L & Q, who took over the loans from Tower Homes (without telling…
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Cahoot/Santander, beware deceptive low rate offers to lure you in
Just applied through MSE for a Santander loan. The initial offer was for 2.84%. The offer was accepted but at 7.9% despite having an Experian credit score of 999 and sufficient monthly disposable income to cover the £165 pcm cost. I rang Santander and their customer service team are able to hide behind the 'underwriters…
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PRAC wound up and compensation received for unfair lending
I took out a £400 payday loan with PRAC some years ago, which increased up to £800 with interest and penalties. I fell even further into difficulties and the account was referred to BW Legal with whom I made an arrangement to pay over several months. Since then PRAC has been wound up for unfair lending practices and I have…
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Paying loan off to get another?
Hi all Bought a car 2 years back and got a loan to pay for it, Im after changing the car and Ive got the cash to clear the existing loan and want to get another loan, anyone have any experience with paying one loan off to get another, should I wait before applying for another, or will it not matter if I apply a few days…
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[Personal Loan] Does it ever make sense to repay in full early vs overpaying?
I've been going around in circles on google, MSE and the various bank websites. I must be being thick here, because I can't find a simple guide. I took out a £10000 personal loan in November 2020 to consolidate debt. 2.9% APR over 60 months, total cost around £10800. It's with Tesco Bank and they have an ERC. I am now in…
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What are our options.
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Loans and credit card advice
I just wanted some advice as I'm at a bit of a loss what to do at the moment as all I'm seeing is pound signs and I'm in a really lucky position and don't want to blow it. I recently applied for a credit card and loan and managed to get approved for both but am unsure what to do now as I potentially didn't need both…
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Joint secured home improvement loan
Is this possible? all the highstreet banks need us both to have banked with them for at least 3 months, Im struggling to find anyone else. Hoping im just not looking properly, can anyone suggest a lender?
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Car Finance - Voluntary Termination query
Hi, so a year and a half ago I brought a Fiat 500 on finance. On Monday the car literally exploded and part of the engine fell out. I have been told that I cannot bring a case against the dealership for the car not being acceptable for use as it's too long after I brought it and as it's still on finance my only option is…
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Black horse loan on faulty caravan
Hello all, Last year we purchased a new caravan on HP - the previous one had been PCP and rather than pay the bubble payment, we upgraded. Thanks to 'Rona, we couldn't pick it up until June, and then the first trip was August. After a week or so, I noticed water leaking through into main area from the shower. We hunted for…
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Recommendations for companies offering student car loans ?
Anyone recommend some good companies where my daughter can search for a car loan. She is a student but also works part-time Thanks
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Secured loan to pay off DMP
Hi I’ve got a DMP, it’s over 6 years old, I’ve paid off chunks as and when I can when I get a bonus from work or have spare cash, but I’ve still got 18k left on it. We want to move house in the next couple of years and use some of our equity to clear the DMP, but know that any decent lender won’t look at us with a current…
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Wren Barclays Partner finance
My husband and I have been ti wrens for a kitchen whuch we want to do on finance, we've paid the deposit and now we are worried we wont get finance, my husbands score is 997 out of 999, with only the mortgage as a debt, mines n9t as giid 809, but im really worried we arent going to get the 0% finance, anyone had any…
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TSB cancelled loan after agreement was signed
My husband and I wanted a loan to pay of a couple of some high interest debt . We decided to do it in his name as he has an excellent credit (experience). Through Experian we were offered a TSB loan at 3.7% completed all paperwork, electronically signed everything. Told it would be in the bank within 2 days. Went to bed…
