118 118 Loans

Options
CallumRoy
CallumRoy Posts: 9 Forumite
First Anniversary First Post
edited 15 January 2020 at 10:28AM in Loans
Please delete - I’ve received some answers to my question.

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    Yes - pay it back as soon as possible.

    If you withdraw within the cooling off period, you will avoid any early repayment charges.
  • CallumRoy
    CallumRoy Posts: 9 Forumite
    First Anniversary First Post
    Options
    The loan started in October 2019. So it’s already passed the cooling off period.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    First Anniversary Photogenic Name Dropper First Post
    Options
    Oh well. Throw as much as you can at it. You can still save a lot of interest.
  • Bermonia
    Bermonia Posts: 977 Forumite
    First Post
    Options
    Please keep in mind irresponsible lending is not the same as irresponsible borrowing.

    As advised throw every spare penny you can at this to clear it off as soon as possible.
  • DCFC79
    DCFC79 Posts: 40,598 Forumite
    Name Dropper First Anniversary First Post
    Options
    CallumRoy wrote: »
    Hi all

    Just after some advice. I went to take a loan out with 118 118 money but I got declined.

    I tried on another email address and the loan went through. I was stupid enough to take out the loan. Is there anything I can do regarding this? Irresponsible lending? Exact same details but different email address.

    Thanks


    Irresponsible lending - sorry but no chance of that working.


    Just do as advised, put every single pound you can toward the debt.
  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    First Anniversary Name Dropper First Post
    Options
    CallumRoy wrote: »
    Hi all

    Just after some advice. I went to take a loan out with 118 118 money but I got declined.

    I tried on another email address and the loan went through. I was stupid enough to take out the loan. Is there anything I can do regarding this? Irresponsible lending? Exact same details but different email address.

    Thanks

    Its probably irresponsible borrowing.....what did you buy that you needed to take out a loan that you pay 70-90% interest on?

    I would pay back the money ASAP.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards