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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…
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Loan agreements
My sister in law lives in the USA. She has asked to borrow money We have lent money before and it was a battle to get it back. Is there a way that a repayment plan can be drawn up that is valid between us in UK and her in USA,?
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Flexible loan - where to start?
Hi all, Sorry bit of a basic one but I'm not at all experienced with loans. Long-story-short is in the next 6 months or so I intend to take a loan out to cover the final 30% of a car. I did this 5 years ago for my last car and went with a flexi loan, i.e something that was easy to afford and I could pay alot extra on the…
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Best for a large(ish) short term loan
Hi all, I will soon take delivery of a new lease car, but I first need to pay the balloon payment of my current car's PCP contract, then sell it. This means that I will need a large-ish loan (about £9.5k), but likely for only 1 to 2 months - as soon as I sell the car I would pay it back in full. I'm doing it this way as…
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Equity Release Query
Hello all, Hope this is the correct forum for this. We are considering releasing equity on my property and would like as much info as
possible please. My wife and I
are both in our mid-seventies, own our property and have no mortgage. If anybody
could provide info on any of the following: · Previous
experiences with equity…
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Extra interest added
HI Some years ago we took out a secured loan with GE money, originally for £27K and then kept adding to it until it built up to 50K borrowed. foolish we now know but at the time we didnt realise how stupid we were being. A few years later we were struggling with the payments, however I have got to say we have never not…
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SLC/Erudio HELP!
Hi, I would really appreciate advice from anyone who has had a similar problem or is knowledgeable about SLC & Erudio and their policies/processes. Background: I took out a student loan with SLC in 1997. My last payment from them was in January 1998 as I did not complete the course. The loan totalled around 1k. I never…
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Legal aid charge 8% interest
I was eligible for legal aid for a divorce a few years ago and accumulated almost £5k of solicitors fees even though I did most of the work myself to keep any costs down. I was on low income with no savings and 2 small children to support when their father chose to pay nothing. It wasn't until a year after the divorce was…
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Taking a loan for our dream holiday? - 2 years later, follow up
Original post from Dec 2018: Taking a loan for our dream holiday? --- Current Situation I came back to MSE today to get advice on car finance, and remembered my first post here, from two years ago. I came and asked if it was a good idea to take a 7k loan over 5 years to pay off debt, and book a dream holiday. I still have…
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Car HP
I have a car on HP but, to be honest, payments are now more than I can afford. I took out the HP over 5 years and have paid for 3 years. I’ve heard I can return the car as I’ve paid more than half and wondered the folllowing: 1. Is it easy to arrange. 2. Does it adversely affect my credit record and would it stop me…
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Anyone successfully applied for a loan after taking a Covid-related payment holiday?
On the MSE Credit Club Eligibility Checker most of the loans list 'No payment holidays' under the criteria heading. Initially I was unsure whether it meant that the loan doesn't permit payment holidays, or that they won't accept anyone who has taken any sort of Covid-related payment holiday. Has anyone recently…
