Loan charges for late payment

jm1489

In light of the action being taken against Banks etc.. for unfair charges, is this only limited to Banks and Credit Card Companies or does it cover all within the Financial Services? I have had a recent charge of 25.00 from the Alliance & Leicester for a late payment on a personal Loan. I queried the charge as a penaulty rather than covering admin costs. The Operator was ademant that this only applied to Banks and that they were exempt from any Court decisions, is this true?

simon_templar_2

Why did you pay late?

jonesMUFCforever

Could be a troll??

Everyone on here knows that Alliance and Leicester is a bank don't they? part of the Santander group.