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Car Finance or Personal Loan
The APR is slightly less, but is there any different impact on my credit score - also thinking of a mortgage this year. I presume with car finance, the finance is secured against the asset ( car ) whereas with Personal Loan it isn't? Thanks For any Advice!
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Conned by my own bank!!!
I have a car I bought 6 years ago (cash) which is now 14 yrs old, and it's only ever passed it's MOT once! Every year it costs me more and more, we're not talking a few quid, but hundreds each time, in fact I've spent over £3500 on a car that today is only worth £250. So I've decided now is the time for a newer car. After…
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Hit with £13,000+ vet bill - how do we pay it?
Our family's beloved cat was sadly put to sleep on Sunday, after a serious health crisis. Money was no object for helping our precious girl, so we opted for surgery and various other treatments to save her life. Tragically, they failed. Anyway our pet insurance of £4000 was already maxed out, after a health crisis in May…
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Provident sold my loan to debt collector!
I have two loans with provident and with their company collapsing I was advised to stop payments to them. i voted no to their bail out and in doing so I thought I was also lodging an unfair loan claim . since then I have had a number of messages from a company called capquest who appear to be trying to obtain the…
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Loans 2 go have i been charged too much interest?
I stupidly took out a loan with loans 2 go. It was through a third party website so when I agreed to the loan I didnt realise it was over an 18 month period and the extortionate interest rate that would come with. A £500 loan over 18 month ment me paying back over £1900. I know there are rules they have to adhere to if the…
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Wrong loan amount - what do I do?
Hi all - newbie here, so please forgive me if this is covered elsewhere (I did a search, but couldn't find anything relevant...) This weekeend we took out a loan with Nationwide to buy a car - very easy process, and we got a great rate, with the loan paid out in less than an hour - so far so good. However, we made the…
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Newday Aqua Loan closed direct debit cancelled
Hi I'm just wondering if this has happened to anyone else? My newday loan (and my husbands) have both been closed with a zero balance (according to experian and clearscore) and the direct debits cancelled (by newday) Before I call them, just wondered if there was some known issue? Thanks in advance
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How can I get a better rate to pay off?
Hi all I have a loan with 16 months left on it at £380 per month. I had the brainwave of paying it off with a 0% balance transfer credit card but the loan company won't let me pay debt off with debt. The only way it looks like I could do this is with a card that offers 0% on 'money' transfers but they any pretty hard to…
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IKANO approved my IKEA 0% loan application for wrong amount - Can anyone help?
I applied through IKEA online application form for an IKANO 0% interest loan of £975. I am certain I entered the amount correctly because it calculates the monthly payments and I noted this at the time. I was referred- because the image of my ID wasn't clear- and after a week of chasing them, because the links to verify my…
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Student Loan Arrears and Mental Health
Hi, I'm still new with this forum so please bear with me. I had a £500 student loan in 1995 and another smallish one in 1996 which Honours Student Loans (who now own them) say I have paid off in full/written off (I can't remember which). But I suffered with depression and anxiety for a number of years and I couldn't deal…
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Chasing
Many years ago I took many payday loans out and never repaid them 10 years later I’m still being chased for them I was told they give up after 6 years but this can’t be true any help would be gratefuly accepted
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We borrowed 50k, but our plans changed. What to do with it now?
Hello everyone, this is my first post and I wonder if someone in the community would be able to offer some judgment-free advice. My wife and I have had a mortgage for 6 years - it's a fixed rate deal over 25 years. Last year during the first few months of the pandemic, my mother (who lives in Brazil and depends financially…
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Very short term loan
Hi, we're due to get an inheritance in the next couple of months and really need to replace the family car as it's on it's last legs. Unfortunately the car may not last until we get the money. Looking at the cheap loans we could get a £10,000 loan and the interest would be £150, so would we be able to get the loan and…
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End of car finance- Mercedes asking me for £1000
Help please! We bought a Mercedes on finance in 2018 and have just returned the car a few months prior to the end of the term. Mercedes are now asking for £1000 for 'damage' to the vehicle. There are a few small scratches and some 'dinks' on the alloys. Some of the damage was present when we purchased the vehicle but…
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Loan Application issues.
I have a work colleague who's had to sell his house, due to a divorce and has moved in with his mother. He has £100,000 sitting in his bank account, that he needs to put towards buying a new home. He's looking at a flat and needs to borrow more money, but he needs less than the minimum mortgage amount (£20,000 I think). He…
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Apply for second lender?
Hi, i’ve applied for a loan today with a decent APR and it’s come out massively higher. I appreciate it’s for a small amount of customers the smaller rate, but the ta like 4x advertised. I know you shouldn’t apply to multiple lenders, but would it be a massive issue getting another quote? its the pay the higher interest or…
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Student Maintenance Loan as English Student in Wales
Hi, So our son is going to Swansea in September and has made his Student Finance application via SF England (as directed by the Gov SF website). He has received a figure of around £9000 for course fees and £5300 for his maintenance loan. My partner was sure she saw Martin on a show discussing the fact that if you are…
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Refund letter from Elderbridge
I've received a letter telling me I'm owed a refund from an historic loan. Has anyone else had one? Not sure if it is legit. Thanks
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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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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…
