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🎓 Got a student loan question? Head to our Student MoneySaving board
For discussion of everything to do with student loans and student finance, please head to our Student MoneySaving board.
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New to the Loans board? Start here
Useful links within the forum * Credit File & Rating board * Debt-Free Wannabe board Useful links to MoneySavingExpert.com guides * Cheap Personal Loans * Loans Eligibility Calculator * Cut Existing Loan Costs * Cheap Car Loans * Short-term and payday loans * Should I get a loan if I have a bad credit score? * Bridging…
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Loans - Important links - please read
Hi folks :) This is the new Loans Board Sticky where links to all current important threads will be kept. Links: This thread is for quick links to threads in this board. IMPORTANT - Problems with debts, payday loans etc? Payday Loan Survival Guide from Govan Law Centre Lending money to friends & family Cheap Credit Card…
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Secured Loan
Hey! Trying to consolidate debts as we are drowning at the minute. The only options seem to be secured loans. It’s a minefield as to which broker/product to use. Any suggestions tried and tested? Secured seems to be last resort. HELP!!
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Loan or cash?
I’m considering buying a car, not necessarily brand new. it’s the first time I’ve had to do this on my own and my question is would it be better to take either the car finance offered, take out a personal loan, use a credit card or pay cash? I can afford to pay off a loan quickly if needed. Is it safer to have a type of…
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Which address?
My friend uses her parents’ address for all her banking but lives in private rented accommodation. When completing an application for a loan, should she use the address that she currently lives at or her parents where her credit is registered?
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65 & unable to get credit
I'm 65 years old & recently tried to purchase an Apple Iphone on their 0% finance scheme, but my application was refused (& has been subsequently refused after trying again through John Lewis, was told I don't meet their internal lending criteria, but no further explanation) I am married, retired, mortgage free, living on…
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Signed PCP agreement but not due to start for a few weeks. APR has now dropped, can I get new rate?
Hey all, As per the title, I signed a PCP deal last week for a used car that won't be available for a few weeks, so the loan isn't due to pay out/start for a little while yet. Meanwhile, the representative APR listed on their website dropped on Monday so I asked if my deal could be moved to that rate but the dealer seems…
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Clearpay
My son is being cared for under section 3 of the 1983 mental health act. He is in secure accommodation in [Removed by Forum Team]. His is suffering a major manic episode as a result of his bi-polar condition. He has no in-sight and cannot manage his financial affairs. Clear pay have recently allowed him to sign up for a…
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CCJ overpayment
I cant find anywhere appropriate to post this, so please advise. over 25 years ago, my wife got into some financial difficulties, and ended up with a ccj where she was paying £35/month. This was before I knew her, Over the years we attempted to understand how much was outstanding, but could never find out, Recently we…
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I am genuinely confused, why can't I get a loan?
I have a spotless credit record Clearscore/Experian rates me at 1000/1000 Credit Karma rate me at 659/710 I have a mortgage with £200 left to pay (the repayments are £22 per month) with an attached mortgage reserve facility which currently stands at -£15000 and which needs to be paid off at the same time that the mortgage…
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Beneficial interest as security for a loan
Hi. Please bare with me as I like to give a bit of background info. My Dad passed away in 2020. His Will was a mirror Will with Mum's and they were 50/50 Tenants in Common. There is also a Form A restriction on the deeds to their home. Mum is 100% legal owner and has a life time interest to live in the property until she…
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Second Charge Loan with Declaration of Trust
Hi all, hoping someone can help. My wife and I are in the middle of applying for a secured loan on our property to consolidate debt. It's very much last resort for us, but I have a poor credit score (from mistakes that I made years ago that I am struggling to work my way out of) and as a result we're applying for a loan to…
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Car finance - pcp question
hi all I’m new to this board. I’ve done a search but can’t find anything recent on this. My car is coming to end of pcp, I can’t afford the balloon payment that’s not an option. dealer has advised I have £4000 negative equity on the car. they suggest I can either build into a new finance package for new car this would give…
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Loan repayable on death?
Hi I am one of the executors of our father's estate- he died in December 2023. He had 4 children, 1 from a first marriage and 3 from a second marriage. His second wife (my mum) died in the 1990s. They owned a house as tenants in common. Mum left half the house to her 3 children, but dad bought this back a few years later…
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New MSE car refinancing guide
Got car finance? Test our new guide & tool to see if you can refinance to save £100s or £1,000s? We're testing a new guide, to see if people on PCP or Hire Purchase deals can save by Car Refinancing. It's brand new territory for us, so we wanted you to go through it, see if you understand it, whether you think the guide…
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HP or bank loan
I am in the process of buying a new car, after a PCP deal, I wanted to avoid a PCP again and had looked at taking a bank loan. The bank loan was for £21k and over 66 months paying £383 per month (7.1%) the car dealer was trying to get me to take pcp but I turned it down, they came back with various offers, obviously…
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Halifax loan
Hi all newbie here. Have applied and signed a loan agreement with Halifax,but after 6 working days and 3 phone calls,I seem to be going round in circles, as i still haven't received the funds and no correspondence (email ,phone calls) Keep getting told by them that everything is good from their side and will contact the…
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Rip off Equity Release - is there anything that can be done
My sister's father in law has just died and I am helping her and her husband sort out his estate. They knew he had taken out an equity release but didn't know the details. I was shocked when I read the paperwork. Their house was worth £90k when they took it out. They released £29k but signed over 90% of the house. It is…
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Has anyone been sold an unregulated loan without being told.
I purchased two cars and clearly stated I wanted flexibility to VT or change. I was told that was all fine and I purchased said cars. I was only ever asked to sign an I Pad and never shown the loan documents. I have tried to give the cars back a year early and have been told I have an unregulated loan and have no rights…
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Creditspring refusing to pay loan
Hi all, I’m looking for some advice as I’m really stuck on what to do next. I entered into a regulated credit agreement with Creditspring and was formally approved. My correct details (including my DOB) are clearly recorded in the signed agreement. I was then asked to pay £12 to “unlock immediate access” to my loan (which…
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Buying a new car using PCP
I am in the process of buying a new VW car and have been offered a PCP. What was strange was that the salesperson could not provide me with the terms and conditions for the PCP and told me that I could only see the terms once I had paid the deposit and signed the agreement. Whilst he said the deposit is refundable I was…
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what counts as income, as household income and expenditure
Hello, This probably sounds silly, but I'm confused by what might be classed as "My" versus "household" income and expenditure. Firstly, is expenditure just classified as rent, bills, not food shopping, toiletries, transport? Secondly, I have three children with disabilities who receive DLA/ PIP. One is only 8 so I assume…
