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Speculating the availability of 0% balance transfer credit cards instead of getting a loan
We need to borrow £8500 We have £10k available on a money transfer card, 4% fee, 0% interest for 12 months (we have this card already with £0 balance) The cheapest loan we can find is 5.8% interest The current best balance transfer card with 0% fee is 26 months We wouldn't be able to pay off the full £8500 in 12 months,…
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Loan tips
Should I call my CC providers and drop the credit limit before application?
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Advanced Learner Loan
I am starting a course in February, I already have a student loan from my university study. Would the advanced learner loan I would take out for this course be separate or will it be added to my total loan? Eg will I therefore I pay back the same monthly amount I do now or will I pay a separate monthly sum for this…
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Extra loan payments
Hi everyone, I just want to ask if anyone has been asked to pay "upfront costs" to receive a loan payment? My bank account has been temporarily closed for an investigation into fraud activity, because my wife and I applied for a loan, my credit rating is only "fair" according to Credit Karma, and I am.on benefits…
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Super Balance Transfers discussion area
This thread is for discussing the Super Balance Transfers: Sneakily use 0% credit card to pay off loans & overdrafts article. Please click reply to discuss
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Finding a Bank loan instead of PCP for a car worth £60k+
My parents are pricing up a new car worth £60k Deposit is 15k or maybe stretch to 20. I have cast an eye over the potential The PCP agreement and its showing 5.9% APR 48 Months £625 a month payments Settlement figure £21k The interest for this deal amounts to £7700 which I think is a lot of money. I have been banging on…
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Amigo Loans
I’ve been reading a lot about the current situation with Amigo Loans relating to claims for mis-selling. I have a loan with Amigo with a balance of over £3k and although it helped me at the time when I first took it out, I have really regretted it ever since. I won’t go into my personal situation but I am looking at making…
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PCP car finance
I have a Mercedes on PCP, I am 24 months into a 48 month contract. It costs £370 per month and now that we are in lockdown it sits in my drive 95% of the time. Does anyone know if it’s possible to terminate my contract early without penalty? Thanks
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Firstplus (elderbridge) secured loan
I took around 65,000 loan in 2003, and paid over 60,000 and still my capital balance around 53,000. They keep increasing the rate as they like, it seems like I will be paying this for entire life span. I am asking myself, am I living in the democratic country? No forums taking interest to resolve this problem? Intial…
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Personal loan started before contract completed
In November 2020 I entered a contract for some new windows with one of the nationally recognised brands (regrets, I have a lot). Due to the Covid crisis, I decided to pay the entire value of the contract on finance, primarily due to the significantly lower deposit requirement. The finance was arranged by the company from…
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loan
hi everyone i have a loan set at 7.9% and it finishes in feb 2023, im wondering how much i would save if i got a loan at 2.%9 which i have been offered and turned down is it worth the hassle of changing everything as its only 5%saving or should i leave it as i will only be saving pennies ?
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Amigo loans Scheme - anyone else received a text?
I received the text below earlier today, but cannot make head nor tails of what it means or whether it affects me - I am not the most jargon-savvy of people. To clarify, I stood as guarantor for a loan which was completely paid off last year and have had no dealings with Amigo since. Has anyone else received this or can…
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Tesco
Just transferred just over £4k to my loan-thus wiping it. The last payment meant to be Feb next year I think. Been putting extra towards it last year and they reduced it further with adjustments. Annual rate of interest (nominal)5.7462% £303.92 payment due 25 February 2021 Your final payment date will be 25 July 2022 Was…
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Early settlement discount
Hello I would like to know whether I'm entitled to early settlement discount. My loan repayment was for a 30 month period. If I want to settle the amount 6 months early, do I get a discount? Thanks Dawn
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2nd loan application
I recently applied for and was approved for a personal AA loan for £15000 for the purchase of a car. However I was not offered the 2.5 % apr and they offered me 8 ish %. I did not want this so I cancelled my application with them on the phone. But, I now want to borrow £10000 instead to by a cheaper car than previous. My…
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99% Consolodated-Lendable.
Taking into consideration, Credit Cards repayments/timescales. I've today been accepted by Lendable Loans 14.64%. Though I have worked towards lowering CC debt from 8.7k to 5.6k. Various cards were scheduled to be cleared over 3 years approx. Today's loan means I'll re pay 5k approx off balances -with 600 to repay myself.…
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Best home improvement loan
Hi newbie here just looking for some advice. I have a 3 bed bungalow and am looking for best option for personal loan to make some improvements. I would like to convert the loft for an extra bedroom, whilst it’s a 3 bed it’s really 2 double and a small room classed as 3rd. I have been in the house 20 plus years and there’s…
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How reliable are them
How reliable are them loan predictions on Experian giving you a rating of 95/100% etc. To say you’ll be approved for loan are they accurate?
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Hire Purchase/loan swap - Car finance
Hi everyone. I have a 5 year HP deal on a car and am currently 1 year in. I have been watching Martins shows in recent weeks and noted his advice on swapping loans to lower the interest rate and therefore the total paid over the term. I am wondering if this is possible with a hire purchase loan? Is there a way to take a…
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Best way to raise some money!!
Hiya We currently own our house outright, but are growing out of it quickly (2 pre teens). We have a 3 bed semi worth around £165k. I want to know how I go about getting raising around £30k for an extension. I have £20k in cash, so a budget of around £50k). My husband earns around £25k pa and I earn around £20k, so keeping…
