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Some Advice Needed Please
First time poster long time reader... I could do with some advice. I have recently got a new job that pays well and comes with a car allowance. There are some stipulations on the car allowance that require me to have a car of a certain age/type etc so im pretty clear on the car i want. And i realise they are a depreciating…
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(Very short) term loan
My broker isn't allowing bed & isa. Plan: get a £20k loan. Put £20k into S&S ISA on April 6th. Sell £20k in trading account on April 6th. Pay off loan on April 6th. I'm doing this so cash isn't sitting in clearing for a couple days between selling in trading account and going into S&S ISA. --> Any downsides to this? I…
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Loan with balance transfer
Hi Everyone just wondering I’m just about apply for a loan ( for my car) phoned bank ( doesn’t seem there will be an issue with it) but noticed my credit card is now charging interest so wanted to apply to do a balance transfer to a different credit card! Does anyone know would this effect me getting my loan or loan…
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Loan After Credit Report Error
I’ve just found that I’ve got a mixed credit report where recently my details have been mixed with a relatives - I found this when I attempted to switch a utility bill and failed the credit check. It obviously failed because the details of two people simultaneously don’t make sense! I can go ahead and resolve that through…
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Student Loan Overpayment?
I've been paid significantly more this month as a result of receiving a taxable bonus at work. As a result I've noticed that I've paid significantly more on my student loan. Are my loan repayments based on my monthly income or my annual salary? Just checking that I haven't overpaid on my loan because of this one-off bonus.
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Any benefits from same bank
Hi guys. looking at getting a bank loan for £25K for a car. I’ve have 2 previous loan both for £10K, both with Tesco’s personal loan. Will Tesco’s take my previous loans into account with them in the past to give me a better rate/chance of approval. Or am I better shopping around for a better bank? cheers.
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CCJ without Default
Hi Everyone, Does anyone know the process for a creditor obtaining a CCJ. I have settled a CCJ and the creditor has agreed to a consent order for removal (ongoing). The creditor has marked my account on my credit report as settled but every month from last month back to 2018 is showing as 6 late payment every month. Should…
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Pre-98 Student Loan due to be wiped in September but...
Hi All, So my pre-98 student loans are due to be wiped as of September this year. I took the last one out in September 96 so I assume I am correct here. I've mostly always worked freelance and never regularly earned enough to pay them back -- but I've just had the forms for deferment again and this year my gross income has…
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Should my daughter pay off student loan with lump sum?
My daughter is in her first year of university, lives at home and has paid a £9250 fee for the first year through a student loan. This was against my advice as me and my wife have saved up around £20,000 for her and want her to be debt free. She has read a lot on student loans and was adamant that it would be a waste of…
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What a mess!
Hi my husband of 30 year has taken out 2 bounce back loans for his business during lockdown one in july and 1 in November these loans were 100% guaranteed by the government. The business is in his name only and in no way connected to me and I had no idea he had even applied for them. My husband became extremely unwell in…
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Student loans
Hi, I am confused with the loan repayment chart for student loans.It states that on earning £4000 on graduation you pay back almost £110,000, double the original loan. Don't you just pay bsck the loan amount plus interest?
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Advice on offer from guarantor loan
Hi, I submitted a complaint to a guarantor loan company about how they shouldn't have accepted me as a guarantor - my complaint is as follows: The issue that I have experienced was: I was accepted as a guarantor for a friend. I have since realised that full checks were not completed by Bamboo. I discovered this after…
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Pay off PCP or bank cash?
Hi there, apologies if this is in the wrong sub-forum, it covers a bit of loans/budgeting/investing/saving so feel free to move if there’s a more appropriate place. In a position where I have finally paid off debts other than PCP, I have about £22k in the bank and I want to use it in the best way. The main thing I’m not…
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Help_advise_Needed
Hello, I'm in need of some help and advise if possible. In 2006 I took out a 100% interest only Mortgage with an unsecure loan as advised at the time by the Mortgage adviser, that this option would help secure a Mortgage. In 2017 I sold the house after splitting with my wife but only managed to sell for the Mortgage value,…
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Why are consolidation loans bad? Debt detailed inside
I'm just looking advice/guidance regarding consolidation loans, having read on the forums that alot of the time they're not considered advisable, i'm just wondering why? I have quiet a bit of debt that, basically nearly £27k across 7 cards. Unfortunately due to poor credit rating and credit utilisation across the cards i…
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Tide Banking - and new business recovery loan
As tide messed my business about and did not come through with BBL and now they are not part of the New Business Recovery Loans does that mean we will miss out again or can we apply to any bank for the loan. No one will accept to business banking now I have tried.
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Deb consolidation / secured loan advice sought
My partner and I have debts totalling aorund £40k. 2 x credit cards at approx £10k each (one interest free, the other high interest) and 3 bank loans totalling approx £20k. We are homeowners with a mortgage, and considering looking at a secured loan to consolidate debts over around 10-15 years, hopefully bringing our…
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Overpayment vs settling a loan
Hi all, I took out a Lloyds personal loan to increase my credit score. I want to close this loan and the official way is to settle for it, but this will end up paying even more than if I will continue with it for the remaining months. The unofficial way is to make an overpayment, but I'm not sure how this would work.…
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Personal bank loans aren’t personal
I’ve been struggling for 12 years in a relationship that has my husband paying council tax, gas and electric. I’ve had to pay everything else, so I’ve taken out credit cards over the years to pay for the shortfalls. So I’m trapped and can’t get out. My credit rating is extremely low. I applied online for a personal loan…
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Advice for first time loan.
Hi, I was looking to loan approximately £4500-5000. This is the first time I have ever needed to borrow a large amount of money, so apologies if I sound a little naive. I have a very good credit rating and should be able to pay it off relatively quickly in 1-2 years. After a search on the very helpful Credit Club, I have…
