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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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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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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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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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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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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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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…
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Car loan options
Hello MSE'ers! I'm in a bit of quandry of how best to finance a the remaining ballon payment on my car. I have £11,000 left and my agreement is coming to an end. The refinance option with BMW, means I pay the same monthly payment over another 4 years, but the interest rate jumps from 3.9% (rate when I took the finance out…
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BBL from Lloyds now in the hands of Moorcroft
Hi. I'm a newbie here so please be gentle! My son took out a BBL with Lloyds. Before it was due to be repaid Lloyds closed his account and transferred the administration of the loan to Moorcroft. Lloyds have refused to say why they did that and we can't get any sense out of Moorcroft either. My son complained to the…
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getting a loan against a fixed deposit ( 1 year fixed savings bond)
hello there, i'm a newbie so i hope i'm doing this right! ok so i have some funds tied up until october in a 1 year bond from barclays. i'm currently not working or claiming benefits so i can't get any kind of loan, and barclays won't extend my overdraft even though they have a five figure sum of mine under their control,…
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Personal loans as a student
Hi, I am very sorry for so many questions. If this is against the rules/guidance, please let me know. I am a 21 year old student, I have a part-time job (and a full-time job in summer), where I earn around £10k altogether. All of my living costs/bills are covered by my loans/bursaries with some leftover for savings. I am a…
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Loan but remortgaging soon
Hi guys, so I’m looking at getting a loan of around £15,000 to buy a new car; but also remortgaging next month as our fixed term is ending. I’m just wondering if it’s worth waiting until the new mortgage is in place, which will be 1st July. My current car is beginning to have problems hence being eager to swap it in for a…
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Irresponsible lending?
My adult son is struggling with his mental health and addiction. He lost his minimum pay job 4 months ago and haven't worked since, although he is trying hard to get another job. He gets £70 a week universal credit. He gets food and home with me. I refuse to give him money. I don't really have any to give but I will not…