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Paragon - how have they worked out the balance
I post on here a while ago regarding my loan from Paragon.
I requested a statement to show what I owed if I were to pay off my loan early.
I was quite confused as to the balance I received because as it was about £3000 over what I expected £20,000.
Some of you guys responded as said it was to do with a certain act and because my loan was taken out on 2004, my loan was calculated on that.
The thing that I am puzzled at is 6 months before my recent statement I received another statement and the balance was about £3,000 less, roughly about what I expected.
I called Paragon and asked for a breakdown and she sent me a account statement that showed the loan amount, interest, PPI, what I have paid off and the balance which was GBP17,000.
She said that it will show how the GBP20,000 was arrived at but it didn’t.
Is there anyone that can help me work out how they calculated it all??
I am in the process of claiming back the PPI, GBP2,750 but they have not responded to my SAR form with cheque.
I requested a statement to show what I owed if I were to pay off my loan early.
I was quite confused as to the balance I received because as it was about £3000 over what I expected £20,000.
Some of you guys responded as said it was to do with a certain act and because my loan was taken out on 2004, my loan was calculated on that.
The thing that I am puzzled at is 6 months before my recent statement I received another statement and the balance was about £3,000 less, roughly about what I expected.
I called Paragon and asked for a breakdown and she sent me a account statement that showed the loan amount, interest, PPI, what I have paid off and the balance which was GBP17,000.
She said that it will show how the GBP20,000 was arrived at but it didn’t.
Is there anyone that can help me work out how they calculated it all??
I am in the process of claiming back the PPI, GBP2,750 but they have not responded to my SAR form with cheque.
0
Comments
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Hi Parrott
May I suggest you post your query on PPI reclaiming Discussion Forum. Am sure you will get loads of help there:D:mad:0
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