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Positive Equity in my Vehicle
Hello MSE, Last year I engaged in a PCP deal for a vehicle. After a few hours of browsing Autotrader I noticed that my vehicle (BMW 118i - 67 Plate M Sport Shadow Edition) is selling for well above my settlement figure. I can see Vehicles closely matching the spec, mileage and condition of the one that I drive upwards of…
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Great Credit Score BUT High Rates
I am confused. I have cultivated a credit score in the high 900's but applying for a £9,000 loan today from M&S I was quoted an interest rate almost three times higher than their suggested 2.9%. Any ideas?
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Gifting to children
I want to gift £10k to my child so she can pay off debts (credit cards, store cards, etc.) Can I just transfer money from an isa into her account without tax liability to either she or I?
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Vehicle Refinancing
Hi guys I am not sure if this is the wrong section. My apologies if it is. I bought a vehicle on Finance just less than 12 months ago and took it over 5 years, just over 4 years to run on the agreement. I let my heart rule my head when I chose it and I now realise I made a mistake with it and realise it’s slightly too…
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Erudio Student Loans Conundrum
I have a Mortgage style student loan dating from 1998-9 that is now managed by Erudio. I have been in deferment all of that time. I should be able to defer this year if my gross income is below £30,646 annually. In actual fact I made a loss this year, but they are saying they aren't accepting my deferment Some more…
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How much compenstaion?
How much compensation should I ask for? What happend In brief, they rewrite both loans, this was all resolved November last year remove default,they put in error, due to payment hoidlays £ 200 compensation Anyway January this year, in error they sent me almost 4k, to my bank instead of rewritten back to their own. I…
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Cancellation after cooling off period
I took out a loan with a third party company after instructing papers to be drawn up for a Trust. I didn’t receive the paperwork for 25 days, 11 days after cooling off period had expired. When I read the trust papers with my son they weren’t what we had discussed at least 2 major items re ownership of trust and further…
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Halifax Loan - Self Employed
Hello, Has anybody got experience with Halifax loans and being self employed? I do bank with them and did a soft check where it said I'm highly likely to be offered the loan. It doesn't ask about work status until you officially apply. It's not for a massive amount, I've banked with them for years. Not sure if that makes…
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Amigo loans
In jan 2019 I took a loan out for around £2000 with amigo loans. My partner was the guarantor. Fast forward a few months I became unwell and was on zero income. My partner had to enter an iva as he could not afford to run the household and pay for my share of everything. He added the loan to the iva as that was advised and…
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Getting a loan in order to move so I can start an Apprenticeship
Hello, I am currently stuck financially and was wondering what solutions are out there for me. I'm 18 and In September I'm hoping to move in order to be bale to start an apprenticeship which is in a different city and I currently don't really have any money to be able to move and it's just the initial deposit and first…
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Credit trust secured loan
Hi all, I've been awarded a business unsecured loan from Credit trust(www.credittrust.co.ukl. As part of the application I paid for payment insurance as part of their requirements. Now I've been asked to pay pay a £549 tax before funds can be released. Does anyone have any dealings with this company? Is it legitimately…
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Debt consolidation / home improvement loan
Hi. I took out a debt consolidation loan last September and now I’m looking to remortgage. My advisor seems to think the only thing harming my application is having a debt consolidation loan. I’m having a lot of work done at the house and was wondering if I took out a home improvement loan to clear the debt consolidation…
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Have Student Loans Company Extended The 25 Year Write Off Clause to 30 Years!?
I have just had my deferment forms sent through and as I am on a Plan 1 Loan, I was mulling over the fact that I am now on a limited number of deferments as the 25 Year write off will come into place next year. I have 3 loans from 93,94 and 95 on one agreement and a seperate agreement for 97. I then wondered if my…
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Virgin mortgage policies
Hi, i am wondering if anyone is aware that Virgin Money mortgage policies are so different than other lenders.. I took 5 yrs fix buy to let mortgage thinking it will save money in long run as I don’t have to pay fees and i know i have to pay for 5 yrs. but didn’t realise that it will go against me due to virgin money…
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Settling HSBC Loan
Hi. I'm looking to settle my HSBC Loan. I borrowed £15k at 7.9% over 60months with a 3 month payment holiday. Total payable: £18,318.85 Current Balance: £14,960.44 Settlement Figure: £13,363.02 I just spoke with HSBC and asked if I paid off £10k today would I still need to pay the remaining amount £4960.44 and they said I…
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Lending to a friend
Hi, I am hoping for some advice please. I have offered to try and help a friend by loaning them a not inconsiderable sum of money to put towards buying their ex partner out of their jointly owned home. He will be getting a mortgage but cannot get the amount he needs so I have said I will see if I can 'top it up' for him.…
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MSE Loan eligibility calculator vs Experian MSE Credit Club
Hi there, Just would love some advice on this. I plan to get a loan for a new car. Been doing this the past 10 years or so with my last loan with Tesco bank paid off 2 months ago so now I am on the hunt for a new car to start the process again. I have signed up with the MSE credit club which uses Experian and when I use…
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Old car loan
Hi everyone Hope this post is in the right place Back in 2012 I had a car loan 2 years later lost my job car repossed Leaving balance of 6000 a ccj was placed on credit file (I buried my head in the sand and never dealt with it) Roll forward to 2020 ccj removed from credit file Now the company are chasing me My question is…
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Taking a loan in the UK as a non resident UK home owner?
I need to borrow around 15k, for personal reasons. I own a house in the UK, but I currently live in Spain and my only regular income is my pension. Is there any way to borrow against the house (which I plan to sell soon anyway)? Or any other options that might work for me? I am technically still registered there, but as I…
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Car Finance still ‘pending’
Apologies if there is a similar thread somewhere. This is a long one. I have gone through so many threads and I’m actually at the end of my tether here. I need help. About a month ago I picked up a brand new car I ordered back in March and put my old car down as a part exchange deal. The idea being the car dealership would…
