Welcome Finance AHHHHH!!!!

debsnglynn

Took out a loan for £5000 with these in august 2007, this loan then defaultedand in october 2008 i had a court judgement issued and now i am paying £100 a month back.

i have just recieved my credit report and i have just found out that this loan isnt with welcome its with a company called progressive financial services/solutions. i was ordered to pay £9000 which i have paid £100 pound a month since october so my balance should be £8500. but it says on my credit report that i owe £11735. i rang up the company progressive and they hav said that untill my account is cleared in full they will charge me £647.00 a month even though the court have said i can pay £100 a month.


HELP PLEASE

Robert_Sterling_3

More info required.

Was there insurance involved?
What was your monthly payment from the begining?
What was the quoted APR?
Have you had a statement showing how they have calculated you current position.

debsnglynn

Robert_Sterling wrote: »

More info required.

Was there insurance involved?
What was your monthly payment from the begining?
What was the quoted APR?
Have you had a statement showing how they have calculated you current position.

dont know if there was insurance

monthly payment was £251 for 37 months


not to sure on apr

no it was the courts who calculated my position, they asked me to fill in a statement of my earnings. but this company are charging me £647 a month untill its paid in full. but the courts have only ordered me to pay £100 a month surely they cant do this.