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Peronal Loan and credit rating
Hello folks, I'm considering taking out a personal loan to diversify my credit and thereby improve my credit score. Because I have existing funds, I'm flexible with amount I borrow, but I'm wondering whether borrowing higher amount (and of course settling the debt) will improve my credit score more than borrowing a smaller…
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Quick question on applying for Klarna for instore shopping
I'm looking to buy something in a high street store which offers Klarna pay over 3 months. If I were to apply, do I do so instore or can I apply online first and go in store already approved? In other words, do you get an account with a credit limit in the same way as a credit card for example? Or is it item / purchase…
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Early Repayment - Lendable
I have a loan with Lendable where under my schedule it shows the current balance as being in the region of £4000, however, when I request my early settlement figure it says it will be around £4250. I’m guessing the difference is something to do with a sort of interest penalty being added for settling early which I know…
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Difference Between a Business and Personal Loan
Hi I’m in the process of defaulting my loans but I had one loan that I’m confused This fund institution is marketing itself to provide loan to be used for company not personal. So I took out this loan to be used for a company’s capex but I want someone to tell me what kind of loan it is. The company is Enterprise Loan Fund…
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Car finance affordability checks
Has anyone had to do affordability check via open banking for car finance?? (PCP) I have had 2 cars with Arnold Clark for a period of 6 years in total not missed one payment. Have recently been in to change my PCP vehicle carrying some equity over which they said was fine and we stuck to a budget to suit this as we…
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Nationwide loan- more information
I applied online I got accepted and it said money will be paid 3-5 days because different account - then I got email saying this your application for a Personal Loan has arrived safe and sound – you’re now just one step away from your new account being opened. We just need a little extra information first. We’ll be writing…
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0% balance transfer over 12 months with a 0% fee or 6.9% over 24 months with a 0% fee.
Hello, I need some advice - I have a credit card balance I need to transfer - it will make my total balance £2,200. I can either choose to transfer the remaining £901 to my card making the balance £2,200 at 0% with a 4% fee over 12 months or I can choose to pay it off over 24 months with a 6.9% pa but no transfer fee. What…
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Buy Now Pay in a Year
Hi We bought a sofa from SCS in 2019 on Buy Now pay in a Year. We paid £500 down so £1000 balance,the delivery of the sofa was delayed due tom Covid, the store called us and explained I asked if the balance needed to be cleared on a year from the delivery and was told by SCS that is was a year from delivery. in 2020 a…
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Identity theft
There is a debt that is in my name, date of birth etc but registered at a different address so I was unaware of it until a debt collection company contacted me. I reported it as fraud to the police, the debt collection company and to the company the debt was owed. The debt collection company backed off saying that they…
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HP loan switch
Good morning all, According to ClearScore I could switch my HP loan and save £20 a month saving me £1000 of interest. Has anyone done this before? Is it straightforward? Any complications? Any advice? Thanks
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Credit Union
I took out a loan with a credit union they take the money straight from my payslip. I applied for a new loan of £600 I still have an outstanding amount of £669 which has already had the interest applied .. but they have added the 669 and the £600 I have asked for put them together as £1559 and want to charge me 2.38…
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What are the tax implications for paying your children's student loan post study?
I have been travelling overseas for the past year. Due to securing a new job in Australia, the SLC have written to advise me that I now need to begin repaying my loan again. As the loan is no longer repaid via my pay check (as in the UK system), I am required to bank transfer the funds to SLC. Due to international transfer…
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Nationwide loan
The money was sent yesterday 12:34 will it go in on weekend or only working day counted? 3-5 days it takes to hit account apparently?? regards
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Credit card Money transfer or Bank loan for a private event, that needs paying now?
I need to pay for a balance on an event (7k). I will have this money by the end of the year to pay off the debt. However, I need this to pay now (next two months). Do I use a loan at 7.4% APR over 4 years £168pm (guaranteed acceptance) with a view to settle at the end of the year. Or should I use an existing credit card…
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Question about early repayment on halifax loan
Hi all, I've got a halifax loan with a balance of around £15564 (5.9% apr). I was looking to settle this loan early, and when I use their early closure calculator it says if I settle early the figure is £16133 saving £1650 on interest. However, if I use the 'pay extra from your loan' and put in a figure of £15000 it says…
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Switching Loan to a cheaper rate.
Dunno if its possible so looking for advice. Currently got a loan but the rate is poor (13.1%). Was looking at how much I would save by switching to another provider, currently 6.2% for >£7500 and 7.3% for < £7500. My credit rating is pretty good and I normally get the good APR when applying for these things. The issue I…
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B&Q 0% via creation - very confused
Sorting out a new kitchen and B&Q now use creation finance. They (B&Q) have told me to apply before hand but when I do I can't see any 0% offer, and they will offer me £5k at 17.9%. I've checked by credit score in clearscore and it's 1000/1000. It can't get better. Considering I have no mortgage and a good salary, I'm even…
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Loan for solar panels on house
Sorry if this has been asked before but I wanted to see if anyone has taken out a loan for solar panels and how it worked out. My thinking is to take a loan for £10-15k and what I would have paid for the electric bill would partially pay the loan instead. This time of year my electric bill is approximately £85 per month. I…
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End PCP Deal
Hi, I am looking for some advice on behalf of my mum in law. Over the last few months she has went through a seperation, leaving her home and, yeah, changing her life for the better. Unfortunately she had taken out a new PCP in August. She is now worried about this as she really can't afford it and would rather give up her…
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Advice required - Debt Collection on old debt I don't believe I owe.
Hi All, I joined this forum for advise. I recently received an out of the blue letter from Resolvecall with threats that they would be visiting my property over an alleged debt of over £1,100 allegedly owed to Lloyds Bank. Attached in the separate envelope was a letter from Intrum advising they had tried to contact me over…