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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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Post Office Loan - early repayments
I've contacted the post ofice today to ask to make an early payment. I've been told I can't becasue I have already paid off all of the interest, although this is a 60 month loan I've only had for 24 months. Is this right? Doesn't the interest get calculated over the term of the loan? The paperwork says I can make early…
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Cash for Interest Free Credit
Looking at buying a new kitchen. The Vendor offers 5 years interest free credit with the same cash price. Clearly, the cost is way below what they are advertising and they add in the finance charges to make up the cash number. Has anyone had any success in negotiating a win/win? They get cash up front and make more on the…
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AA Loan Front Loaded interest
Hi, i took out a £10000 loan over 84 months with AA in 2022, the monthly repayment was £168.03 no deferral period and interest rate 10.9%. Ive made 21 payments so far totalling £3528.63. I've been given a settlement figure of £10417 which is more than I borrowed, so basically every paymemt I've made so far has been 100%…
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HSBC Personal loan
Hi, I am looking for hsbc personal loan of 30K ( I have Premier account with them). I have 3 credit cards with a total of 23K limit and 10% utilisation. I also use 97% of arranged overdraft in one of my accounts with 0% interest for 12 months. MSE eligibility shows 70% probability for this loan. Can you please give some…
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Annual Leave purchase scheme loan So, I hereby give my notice of resignation for my following job ro
Hi, I purchased extra annual leave at work, used half of this, I'm now leaving, and apparently the rest unused doesn't get refunded. So I pay for something I don't get, is this legal? It's a loan, paid over 12 months from salary? cheers
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Recommendations for private load template UK
Hi, can anyone please recommend a site where I can download, for free, without a 7 day free sign up trial, a private loan agreement template (UK) that I can use? thanks
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Halifax ‘Payment Holiday’ interest error
Hi all, I’m completely new to the forum, but, I’m hoping someone out there can shed some light on an unusual situation I find myself in: For a little background, I have borrowed far too much, due to various mental health difficulties that I am currently awaiting treatment for - these have mainly contributed to poor impulse…
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Car Finance Goodwill Payment From Repayment Difficulties
I have received a letter from VWFS regarding a car I purchased on PCP in 2015 and subsequently refinanced in the car in 2019 to fully repay and purchase the car. During COVID I struggled with repayments and they have now written to advising that they are offering me a goodwill payment and I am unsure if I should accept it…
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Personal Loan claim from an individual
Please I would require some advise regarding an issue I have at hand. My husband and I are currently separated but before this period, he dubiously borrowed £10K from me a month before this time. His reason was to settle some of his debts to enable us get a mortgage. I have a Whatsapp confirmation of the payback…
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Interest free loan
My wife paid a 10% deposit for an interest free loan on a Wren kitchen. Due to an unforeseen change in circumstances, financial and personal, she can no longer afford it. Can she cancel the loan and get her deposit back. The salesman said that the kitchen does not exist until 4 weeks before installing so Wren have incurred…
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Klarna selling a debt that was never a bad debt and was closed months previously.
Hi there, first of all let me apologise for being a watcher and not a contributor, so here goes with my first post. This is something that has occurred to me this week and I am just putting it out there to try gauge the extent of the blunder. Rather than to trying to write pages on what I have discovered, about the…
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Unknown loan - debt recovery
Good afternoon and thank you for any help/advice. Today, I received a text message from ResolveCall - it follows through to a letter that states they are chasing a debt on behalf of Intrum with the original loan people being MoneyShop. I don't believe I have ever used MoneyShop and there is nothing on my credit file. I…
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Motorbike purchase cancellation
Hello I was wondering if I had right to cancel my purchase of a motorbike. I felt maybe I rushed my decision to purchase the bike. Bike was viewed on the premises. Finance application was filled out on a tablet and sent on the premises. £100 of a £1000 deposit was paid via a card machine on the premises and given a paper…
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Is it cheaper for high earners abroad to pay the non-compliance rate?
Question is about living abroad and having a plan 2 student loan which has been being repaid every month for the last year and have been asked to provide information for the annual review. We notice (my son and I) that if we do not provide my employment information, he will get charged a 'non-compliance' interest rate and…
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Specialist Motor Finance affordability refund
The Financial Ombudsman has ruled in favour of my case that SMF gave me unaffordable finance. They have ordered SMF to repay anything I paid over the cash price of the car (£10,414). Now I handed the car back meaning I only paid £9434, SMF have emailed stating they don't have to pay anything due to me not paying anything…
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Loan or card: Unsure which would suit my situation
Hello, I have just recently bought a house and I had to get 2 months advance on my salary to do so. My mortgage repayments are much lower than my salary in general but I will really struggle to pay all of my bills for the next few months until I am back on my feet. All options I have come across offer a large amount of…
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Business investment/pay off mortgage
Hello, my son’s five year fixed mortgage is up for renewal in August. He has enough savings to pay off £100k chunk, which will bring down repayments on portion of mortgage left - particularly as he’ll be moving to a higher rate of interest. Meanwhile he also has an opportunity to buy into the business where he works - also…
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Loan before remortgage
Hi We are wanting a conservatory this summer and plan was to take additional on our mortgage to pay for it. However mortgage fix rate expires in Nov and I want to change lenders so I don't want to tie myself in with additional borrowing on a min 2 year fixed term What would be best in this situation? Take out a £30k…
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My Mum’s Care home fees
Hello everyone, I’m a newbie to this forum and to be honest forums in general. So I’ll cut to the chase. I need to pay for mums monthly care home fees and am at a loss how best to proceed to raise the funds. The situation:- Mum bought a bungalow with proceeds of sale of her home half of which was left to me by my dad (I’m…
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Klarna 24 month contract on purchase
Hello all, I have a question that I hope someone can shed some light on regarding a purchase I made via Klarna for a piece of office equipment. Below I will give a brief outline with my question. At the point of purchase I decide to spread the cost of the item with a 24 month contract term, I intended to make a large down…