Loan Default Charges

Bendy11

Hi

I have been reading the posts about claiming back bank charges for being overdrawn etc and wondered if these applied to loans too.

To let you all understand, last year I stupidly took out a small loan secured against my car, as i have a very poor credit rating due to previous marriage and being left in the ****! I defaulted a few times on the loan but it has now been paid off, but they are now wanting to charge me £150 for letters that were sent out informing me of my default. £20 per letter!!!

Just wondered if anyone knew if this legal or does it fall under the same lines as the bank charges?

Thanks

southernscouser

I'm afraid I have no idea! Have you tried posting on the Bank Action Group forum?

Bendy11

I will try doing that now, thanks

fivemice

If you find out, could you post it here too? Thanks!

lynzpower

i think the answer to this is yes, along with catalogue penlties for late payment, mortgage late payments etc. consudmeractiongroup.com/forum will have the definitive answer though.