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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…
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Starting a business with bad credit
Hi , I have recently been given the opportunity of a lifetime to have a small investment In a company that I have been working for for the last 6 years . Over the years I have worked with this small company and have worked closely with the owner helping to build it to a really good position. He recently decided to expand…
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Car Finance Options
Hello all, I'm after a bit of help understanding what option would be best for us when we replace our car. Apologies for the long post - skip to the second to last paragraph for my actual question! As a bit of background, I have an 11 year old Kia Picanto and my other half has a 12 year old Ford Fusion - both at the point…
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Buying a park home
Hi im looking for the best possible loan to finance a park home im 63 years old, retired on a private pension and not a homeowner Looking at around £60,000 over 15 years Thank you in advance
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Loan - change of circumstances
Hi folks, Looking for some guidance. Won't bore you with exact figures. I took out a personal loan out about 6 months ago to complete a loft conversion. Unfortunately our circumstances recently changed which means we aren't doing the loft conversion anymore as we need to sell the house to be closer to family members…
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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…
