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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…
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Amigo claim
Hi looking for a bit advise, I had a 5k loan with amigo, balance was about 4k when I got into difficulty and entered a debt repayment agreement, my guarantor repaid the balance as amigo would not agree to debt program. Since then I had claim against amigo accepted and they made a refund payment to my guarantor, since then…
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Car HP.
OK I realise this is really weird but I need advice. My husband bought a car on hp and before he finished the payments he traded his car in for another car again on hp again before he finished the payments he traded this car in for yet another car. He is now paying over £300 a month for a car that is worth less than…
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Advice re settlement figure
Hi all I've got a loan with loans2go for £300. Taken out over the longest period as the plan had been to pay it within a few months. It has a high APR, no issue there. It was needed at the time and the plan to pay off would have worked but circumstances changed and here we are. I have requested a settlement figure and it…
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Bank loan
Been with bank for ever.excellent credit score.A1 category they said No job/income. On phone the guy ended application as knew I would be refused,ended the "recording" of call Advised to apply on line and "bend" the truth about job/income as online applications only check figures add up and not if your telling truth about…
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Taking out a loan for new home improvements - Timing query...
Hi all, I am in the process of buying a new home that needs extensive renovations. I've received quotes and decided that because a lot of things are pretty urgent my best bet is to take out a £20k loan to get the rood, windows, doors and electrics done asap. I have no other debt apart from my mortgage, my credit rating is…
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Help for TFS Loan reclaim - they turned down
Hi all, I am after some advice on how to proceed, or if i can continue with my claim. I have only recently discovered (thanks to this wonderful website), that i can claim back my interest from my guarantor loans. I believe they didn't check affordability when i took out the loan way back. The loan provider was TFS Loans, i…
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Car finance debt collection
I defaulted a LOT of my car finance payments and i am now paying it off with a debt collection agency. The car keeps breaking down and I really need a new one. Can I trade in the car to a garage? Who technically owns it? Is it still the finance company even though they've sold their debt to a debt collection agency?
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Denied Student Loan due to COVID-19 - now plunged into unplanned debt!
I wonder if anyone has any advice for this terrible situation.... 1. My daughter got offered a place in university in 2018 - but since she was in the UK on an ancestral visa, without the money to pay for university, she deferred to 2020 - when she would be eligible as a Home Fee student and thus for a student loan. 2.…
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Are There Loan Advisors?
Is there such a thing as a Loan Advisor, similar to a Mortgage Advisor? Without going into details, and without lying per se, answers for some questions for me could differ (I'm very recently seperated but still married and between properties that I have been associated with for some time) and I'd like to know the best…
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Student loans deferment
Hi, I have 4 old style loans from 94-97 which I have never repaid due to not meeting the threshold. This year the payslips I submitted did show I had gone over the threshold due to temporary enhanced rates of NHS pay during the pandemic. I was advised to submit my P60 which indicates I am under the threshold but they have…
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Provident personal credit refund
Hi. I had a favourable adjudicator decision from the FOS following my complaint about unaffordable loans. Provident agreed to settle in line with the adjudicator decision. This was way back in Aug 2020. Despite contacting provident and the FOS many times, I have still not received anything. Provident say they are dealing…
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Guarantor Loan - help cutting ties
To cut a long story short I was in an abusive relationship and ended up as a guarantor on a loan. The loan is now not being paid by my ex partner but trying to cut ties with it is proving almost impossible despite being manipulated into it. Can anybody offer any advice? I do have a crime reference number for one abusive…
