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missed payment charges on secured loans

flyhigh_3
flyhigh_3 Posts: 2 Newbie
in Loans
hi just wondering if any of you have ever been in this situation, i got a secured loan 4 yrs ago for £5000 i have now paid back just under £10000 they now want a further £4000 from me as i missed payments. Does anyone know if this is allowed as i will be paying them back triple amount.

Comments

  • MoaningMyrtle
    MoaningMyrtle Posts: 1,968 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    You will have to check your original loan agreement for the terms and conditions.
    A minute at the till, a lifetime on the bill.

    Nothing tastes as good as being slim feels.

    one life, live it!
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