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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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Settled Loan But Changed Mind
Hello, I've got a friend who has settled a loan and made a payment of £2,400, he did this so he can then apply for a larger loan. What happens if the new larger loan is not accepted? can you contact the loan company and request the £2,400 back and continue with the existing monthly payments? Is there a change of mind…
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Car finance bereavement
Hello all, My dad recently died and I'm the executor of the will. He owned his house with his partner (they weren't married), she owns the other half and I've inherited my dad's share. He wanted to leave his share to me. The only debt he has is a car on finance which is only a couple of years old. I've sent back the car…
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Van finance
Hi. I've just started a new job on the books, leaving being a self employed contractor. I'm left with owing £10700 on my van but I'm only being offered £7500 for it. Do I take the hit or is they any other options for getting rid of it?
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CAR FINANCE - Going abroad?
Hi I currently have a car on HP itll end in around 4 years - I wanted to know if I would be breaking any rules if I were to leave the car abroad for a period of time? I would have it on fully comp british insurance as well as insurance in the country that I will be leaving it in (non EU). I know car finance must be on…
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Default
Is there a difference between notice default sum and a default notice ?
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NHS Fleet Solutions ending lease early.
Hi, I need to know where I stand on ending our 3 year lease early with NHS Fleet Solutions. The situation is as follows, my partner works for the NHS and a University (0.5 FTE for each). This is fairly normal in her field. She has accepted a job offer at a different university which will be a considerably longer commute.…
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What is the difference
What is a secured loan and what is a unsecured loan
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Remortgaging soon but want a new car.
Ok so we are due to remortgage soon, our fixed rate ends July. We are going into a mortgage broker in 4 weeks to lock in a new deal, looking like the best rates are with our current lender so won’t be changing lender. Will the mortgage broker be able to do a quote as if I have a £15,000 loan to see if there’s much…
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Erudio CCJ set aside hearing - Dydens 'Tomlin Order' gambit pre hearing
Hello, Erudio/Drydens CCJ removal application pre-hearing settlement offer dilemma In Q4 2023 I had discovered inadvertently that a CCJ head appeared on my credit file due to an undefended hearing in SEP 22 CCJ following claim by Erudio SL company. I had a new family and identified a house on which I sought to get a…
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Loan against future Pension payout
Hi, I’m after some advice on the best way to take out a short term loan (6 months) to help see me through until I get my private pension lump sum and monthly pension. I own my home with no mortgage but currently have no income of my own. We can just about get by on my wife’s salary but would really help to have some extra…
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Barclays First Plus Loans interest rates
After 10+ years of campaigning against Barclays FP loan clause fairness the FOS has done a complete U turn and there is now a willingness to find in favour of complainants and for the above to negotiate settlement terms for customers who complained over the interest clause. I have contacted the FOS asking them to review…
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Erudio/SLC :
Hi 👋 I have a complicated issue re erudio administered student loans. I’ll try to keep it simple though! I believed that when deferring loans there was a lead company (the student loans company) who then sent me letters to confirm deferment. This seems to be the case back in 2017. I sent docs as requested, and then I’d get…
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Erudio and Dryden Fairfax - CCJ and Court Hearing
Hello I was issued a CCJ to an old address in my maiden name for a £5200.00 Student Loan debt from the 90s. This happened during the pandemic. I contacted Dryden with new name and address, but they still left the ccj on file for another six months after that. I have defended myself by saying that the loan is statute…
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Amigo Scheme payments?
Just curious, with the Amigo Scheme suggesting payments will start going out toward end of Feb, has anyone started to receive their refunds?
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Charge on property
Hello I wonder i if anyone can give me some advice on. I loaned a substantial amount of money to my Daughter and Husband. So they could carry out building work to there existing home. I did draw up a contract, which they both signed. Sadly they are now going through a messy divorce. He has stated that he is not going to…
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Looking for £10k car loan, but paying back early.
Hi all. Car is on its last legs. I'm looking to get a £10k loan to help cover the replacement, however I'm due to get around £8k this time next year via a ShareSave plan at work. Am wondering if there's a better way to go about this than just getting the best £10k loan I can find whilst paying off the standard monthly…
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Taking out a loan for wedding
To cut to the chase, I have totalled everything up for our wedding including the honeymoon and spending money. I have deducted what we have saved so far and a conservative estimate of what we can save between now and June. This leaves us looking at a loan of £10,000. Equifax score is 1000/1000 Trans Union is 616/710 - Good…
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What are my sons options?
My 19-year-old son is a Civil engineer apprentice just about to finish his first year. He earns 22kpa which will increase to 24k next year. He's looking for a loan of about 6k to buy his first car. I've carried out a few searches for a loan for him but all state he has a 0% chance of getting one. I've no intention of…
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Moneybarn Car Finance
I bought a car with moneybarn paying £388 a month. To be honest I didnt realise how much the APR was. The car was massivley overpriced. I have since sent the car back as I fell behind with payments and couldn't afford the monthly amount. This was after bout 2 years. They have since sold the car at auction at about £3-4000…
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Section 75 help
August 22 I purchased a used car from an online car company. Reported within the 14day period of issues with the car. Despite following the sellers advice, car did not get sorted.(alot of running around told to do X Y Z. Book it in to dealership etc. Vehicle was off road for in total 5 months. We started a complaint with…