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Unsecured Administartion Fees
Hi,
I'm buying a new car and applied for the companies finance (it seemed like a good rate and affordable monthly payments). I've just had confirmation that my loan application has been successful but I'm going to be charged a £150 administartion fee (not mentioned when I applied). Is this normal as it seems excessive or can it be challenged?
I'm buying a new car and applied for the companies finance (it seemed like a good rate and affordable monthly payments). I've just had confirmation that my loan application has been successful but I'm going to be charged a £150 administartion fee (not mentioned when I applied). Is this normal as it seems excessive or can it be challenged?
0
Comments
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Yes it can be challenged - but a) they will not budge and b)will not lend if you don't pay.
You could always get a loan from another lender.0
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