Finance Questions Answered:

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Ocean Finance

ocean finance
Question: Can Ocean Finance truly consolidate all of my small loans into one single monthly repayment?

Answer: Ocean Finance are one of the UK's leading finance brokers. They have been established for over 20 years and are reputable. As for one of the previous posts, obviously paying your debts without having to borrow is always the best option, however if this was a viable option then maybe it would have been looked at first????

Ocean Finance deal with what are called 'Secured' Loans, ie you secure the loan against your home. This is not as scary as it may seem, it is technically a second mortgage on your home. The best thing about secured loans is that if you can clear it early, you are only charged 1 month's interest as a penalty (this is the law) which is much lower than you may expect if you re mortgaged for example.

As Ocean Finance are well known, there are lots of scammers out there. Make sure you only deal with the real company. As with most real companies, they will not operate from a hotmail, yahoo or gmail email address, and they will not have a phone number that looks like a mobile (ie starting 07xxx). See their website at www.oceanfinance.co.uk to make sure you are dealing with the real deal.

Ocean Finance


National Auto Finance

national auto finance
Question: I'm financing my car still, can I register it in my new job's state?

At the end of 2007, I bought a car in CA (I may have been an out-of-state resident in CA at this time, have to check when I got my license in CA).
Now I've been relocated for work in KY.

Since I am financing my car, I still make monthly payments.
Someone told me that I have to pay off my car completely before I relocate to KY. There's no way I can do that--which is why I am financing!

I just want to get new plates and a new KY-based insurance company when I move.

Isn't this possible? I paid CA state tax on the car, will I have to pay more tax when I move to KY?

I am perfectly fine and understand if I need to purchase registration, plates and new Driver's License.

Thank you for any answers! How should I go about this?
*At the moment, I just pay by bank draft to the major national bank that handles my auto loan. The only thing I may need to update them on is my new address, insurance provider, and license plate #, correct?

Answer: Yes you can register the car, possibly title it also in your new location. You do not have to pay off the loan, whover told you that is sadly mistaken. Anyway, just contact the lender, let them know what you are doing and ask how you go about completing the transaction, some financial institutes have certain ways they complete the process, others simply say go to the DMV and when registering the car, give the lender info, address and where the copy of the title/registration is to be sent. So, call the lender give'm the update and it should be a pretty easy process, especially leaving CA, moving into CA probably would require more work. Good luck!

Inside Look - Auto Dealers Meet with Task Force - Bloomberg


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