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Advice about an unsecured loan..

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  • Advice about an unsecured loan..

    In 2002 I was given a 7 year and 3 year loan which would run concurrently. I thought I was getting a 10 year loan. Turns out, BOS doesnt do 10 year loans and this was given to me instead. I had to take out this loan to repay the debt I had run up on charges and credit. This has ruined my life! I am now 43 and paying debt is getting me nowhere.
    I was wondering if the selling of 2 loans which run concurrently was legal. I mean, how can I be sold a 3 year loan in 2002 when it's not due to start until 2009? I am looking into reclaiming my bank charges...any help or advice would be greatly appreciated.
    Many Thanks for your time and considerations
    payday loans

  • #2
    Re: Advice about an unsecured loan..

    Sorry but I can't make out what it is you are unhappy with.

    You went to BOS for a ten year loan, and because they don't do them they provided a 7 year loan + a 3 year loan as an innovative solution to your needs which ultimately gave you with what you were asking for.

    Unless the combination of the 2 loans they have provided for you is going to cost you more than a single 10 year loan would have done I can't see how have you been disadvantaged by this?

    If you need to find out if this lending broke any regulations then try Consumer Direct on 08454 04 05 06, if they can't help they will probably know who can.
    Property for sale in Torquay



    • #3
      It is really good to get an unsecured loan, nothing bad in it because people didn't get secured loans so easily...
      This is where these lenders come in who need to be involved. They know how to correctly calculate the likeliness and ability of someone when it comes to making repayments. They base it on a consumer’s current income stream and work out how much they could afford in repayments. This leaves the consumer with still enough money left over to survive if they are approved and an opportunity to pay off a bill or settle a pre-existing debt.

      You might need to consider a small loan for bad credit. Although bad credit loans have higher rates, they are quick to apply for and can help improve your credit rating, if paid on time. ESF specializes in loans for bad credit with no guarantor from a direct lender. Our loans for poor credit range from £200 up to £1100, and you can get the money on the same day if approved. Feel free to apply for our bad credit personal loans even if you are unemployed or on benefits. Apply now and get an instant decision
      Last edited by davidbailey; 15-06-2018, 10:16 AM.


      • #4
        An unsecured mortgage is a loan that is issued and supported handiest by the borrower’s creditworthiness, instead of via any form of collateral. An unsecured mortgage is one this is received without the use of belonging as collateral for the loan, and it is also known as a signature loan or a personal mortgage. Unsecured loans are loans that aren't secured in opposition to assets or an automobile, in order that they do now not depend on collateral as a protection; You could be assessed depending on your economic status and credit popularity.
        Lenders and providers will examine you based on your creditworthiness and capacity to repay the loan. Your emergency is our emergency. Our Business is ordinarily connecting you with the right mortgage provider in your desires. The better the risk, the less possibility that lenders can be willing to lend larger quantities..."


        Because don’t provide the lender with the equal property, these loans are considered a higher chance for the lender. This is why unsecured loans have a tendency to be for smaller quantities than secured loans — the better the threat, the much less in all likelihood that lenders might be inclined to lend large amounts. This is likewise why unsecured loans frequently come with a higher hobby price than secured loans. By growing the quantity that a borrower will have to pay on the pinnacle of the loan amount, lenders can balance the more chance inherent to an unsecured loan.

        A lender has the right to set whatever criteria for approval they want to within reason and the bounds of the law. A credit score is a criteria that banks and credit unions choose to set, so they reserve the right to deny applications based on bad credit. They know how to correctly calculate the likeliness and ability of someone when it comes to making repayments. They base it on a consumer’s cur


        • #5
          I wouldn't recommend you to make a money decisions based on internet opinion, but friend Sarah, who sounds very confident might not knowing a clue about loaning as well tho. As for me it's better to deal with your local services like paydayloansinvirginia.com, they usually give you the best conditions, comparing with big federal services and loaning systems. Anyways, keep it up, you gonna be alright.
          Learn how to qualify for a short-term loans online in Virginia (US). Bad credit OK, up to $1000.


          • #6
            In An unsure loan If you fall into arrears then your house is not immediately at risk.some unsecured loans are earmarked for a specific purchase. Because some personal loan has no collateral. here the interest rate may probably be higher. Here are also some secure personal loans. To lower your costs we mention some important Rule.

            1.consolidate credit cards.
            2.Refinance student loans
            3.Finance a purchase
            4.pay for a wedding.
            5.improve your credit.
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