Conned into taking out a high interest loan ...

snewbold1978

Hi there,

I was wondering if anyone could help me with this query. Around 3 years ago I had the usual phone calls from the bank that they could help save me money etc etc. I arranged a visit and they advised I should consolidate an overdraft, existing loan and a credit card. I like to think I know what I am doing generally with day to day stuff but always seem to go to pieces when bank people start advising you on stuff !!

Anyway, they advised me a loan to cut down my payments. However they told me my credit rating was bad. So I ended up taking a loan out at around 19%.

After two - three months of making payments and seeing the loan hardly go down I decided I wanted to investigate this some more.

I check my credit rating and it was fair and apparently well within the region of the general population.

I then applied online with Virgin. I was able to take a loan out there and then for just over 7%.

I immediately paid back my bank loan but was stung with a £1000 payment fee. Despite being annoyed with myself for letting this happen and the bank for talking me into this at least I knew with the new loan despite this £1000 in the long run this was a cheaper alternative.

I did however compain to my bank and got the usual rubbist back !!

However since successfully claiming back some PPI on a loan and currently working on bank charges I am thinking about looking into this one again.

However can I complain after complaining previously? I am sure the letter at the time said if they didn't hear from me with in so many days I could never complain again?

Has anyone experienced something similar and had any success in claiming anything back?

Any help or advice would be much appreciated .....

Kind Regards

Steve

natweststaffmember

You have absolutely no chance on this one I'm afraid so please do not waste your time on this matter any further.