loans

e_irving

hi im just new to this site has anyone had or got loans through g.e money and recently asked for a settlement balance to be told they owe more now than originally borrowed

CLAPTON

some details would be useful

when did you take out the loan
debt details like initial loan amount, apr, monthly payment , number of payments due
did you take PPI out
any payment free period
any missed payments
secured or unsecured

what is the settlement figure
how many payments have you made

Rafter

As Clapton says, more details required but perfectly possible if:

-There was a 'payment holiday' period at the start of the loan.

-You took out single premium payment protection that was added to the loan up front.

Best advice if you are now in a position to repay the loan is to challenge the calculation of any PPI refund due to you and even better see if the PPI was missold in the first place in which case you might be able to get it fully refunded.

R.