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Should I refer my bank and my complaint to the Financial Ombudsman?
Hi all, To cut a long story short, over the past year, my bank (I won't say who at this stage) have completely messed me around in terms of my personal loan. The loan was on a 18.9% interest rate and due to various COVID payment holidays, the bank then advised that they could refinance my loan at a lower rate. This offer…
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Car PCP or loan?
Hello all We are looking at a new car which is in the region of £30,000. Generally speaking which is cheaper, a PCP deal or a loan, or is there another way? With PCP it does feel like you are loaning the car rather than buying it. Does it depend on the deal? I can probably post details of helpful :) thanks!
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Litigation Loan - Advice Required
I am currently going through a divorce. All the assets are in my wife's name, whilst I have all the debt (lesson learnt). I cannot instruct solicitors as I do not have any more credit facilities, so I am looking for advice on what litigation loan providers that I can approach directly. If litigation loan providers reject…
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Provident inviting people to claim compensation
Received the email below fromnoreply@provident-online.co.uk "THIS EMAIL IS IMPORTANT. Please read this carefully if you have ever received a loan from PROVIDENT, GLO, SATSUMA OR GREENWOOD. PLEASE NOTE: Although this email address and website state Provident Personal Credit, this email should be read by customers who have…
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Personal bridging loans
Hello, I am chair of a block of flats right to manage company. There are major works due to our block, some of which relate to fire safety, but not all and there is much anxiety about how much the works will cost and how to access the money. Though we are waiting to hear on how to access more money from the government's…
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SLC - Where is my loan Transaction History?
Hey guys, It would be great to know if anyone here has any info regarding obtaining a payment history of your student loan? Perhaps I am missing something from the SLC site, but I find it a bit strange that SLC does not let you clearly view historical payment information, such as:* Incoming payments * Overpayments *…
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Student loan query
My ex employer has made a student loan payment months after I left. My ex employer is chasing me for the money back is it my responsibility ? For clarity I settled a share scheme two months after I left, so they are saying the payment was necessary due to the share scheme closure. I just don’t understand and see it as an…
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Likely Loans
First time poster looking for some guidance. Would using a loan company, such as likely loans, be considered ‘bad’ for your credit file? I know that payday loans should be avoided but do these high APR loans carry the same bad news? My partner and I are looking to buy a house soon and the loan was taken a while ago before…
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Settlement Figure Seems Wrong
Hi Just wondering if anyone knows anything abut early repayment of loans I borrowed £20k from M&S at 5.9% interest rate over 7 years. I have made 14 monthly payments of £292.50. When I rang for an early settlement figure they quoted just over £18k. The loan has no early repayment charges in the T&C's and when I put the…
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Home improvement loan - need advice
Hi I'm looking for advice to see whether my plan is feasible. Me and my partner are looking to redo our kitchen due to it being a bit of a mess, the fridge freezer were disgusting and required a new boiler when we moved in around a year ago so they all got ripped out. Our LTV is currently around 85% so we were unable to…
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Large loan or remortgage
Hi I'm wanting to secure a loan of circa £25k. I am about to move house and the new property needs a series of improvements made to it. Now, I was going to get a personal loan for 7 years for that amount as it meant the repayments would be the lowest. In the meantime I wondered whether there was another way to borrow the…
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Compensation for mis sold loan leading to CCJ
A few months back one of the pay day loans that I had out (uncle buck) had gone into administration and I had an email off the company that had taken over that the loan had been mis sold and had a refund. This loan ended up in a CCJ which has damaged my credit file. Does anyone think that I am owed any more compensation or…
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can you be given a ccj twice for the same erudio student loan?
Hi last year I gained a ccj against me frb a blasted erudio loan, cant be bothered to explain why I fell behind with deferments from this awful company but the bottom line is they found me and wrecked my credit file again for another 6 years after I was just about to be released from a bankruptcy in 2016 and now means I…
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Student loan
My daughter is hopefully starting uni in September, I have a low income, I’m on ESA how would this effect her student/mentance loan? She will be living at home while at Uni. Thank you
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Timeshare points Sunterra cancelled but still owing finance agreement
Hi. My parents took out some Sunterra points in 2005 which they cancelled that year. They had a finance agreement that is now imposed on their property as a charge. These points were mis sold but the finance agreement stands. What can be done in this instance? I believe the Financial Ombudsman is our only hope but how…
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Is Consent Online legit
Hi. I just applied for a loan from ratesetter recommended on MSE and it asked for an App called Consent Online to access my bank account to check my current payments in and out of my account. Is this legit please?
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Are 118118 loans classed as payday loans?
I've had a 118118 credit card for a while and this week I've received both an email and SMS offering me a pre-approved loan for £5000 although with a high 35.90% APR. Are they classed as a payday lender and do they record as such on credit files?
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Loan Rescinded (under indemnity rules)????
My bank has just told me that the money that I deposited which came from my other bank account with a different bank, has been rescinded under indemnity rules, they wont say or give any details, only that the orginating bank is saying to my current bank which had the money, that they suspect the loan was obtained…
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Erudio Student Loans...moratorium
Just looking for some advice to see if anybody else knows about the Erudio/ SLC moratorium? I’ve copied and pasted the email I sent to Erudio...so far had zero response 😏 I have three historic loans with Erudio from the years 97/98/99 which are due for repayment in June 21. I also have type 1 and type 2 loan with SLC as I…
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New and old finance to overlap.
I have a car on a PCP which no longer suits my purpose. I need a larger car due to family addition. The supplying dealer is offering a very good price for my car for p/ex or not. Unfortunately they do not have a model that suits. Due to my age I don't want to take on a vast amount of finance and so want to buy a cheaper…
