Over charged for Rbs loan?

ineedsomeinfo

Now i having been reading in this forum about people who have errors on their loans agreement trying to get the agreement null and void. I have been reading the consumer credit agreement act which was posted in another thread. It says that if some certain information is missing from the agreement then it is uninforceable. What happens if the information is totally wrong, i.e over charging. Anyone have any ideas?

[Deleted User]

It's largely irrelevant, I'm afraid. You've already paid the amount you owe: all the other people bleeting about unenforceability are trying to wriggle out of debts that they still have to pay.

As far as I'm aware, no-one has retrospectively argued unenforceability and got a refund - and quite rightly so! You borrowed the money, so pay it back!

Have you spoken to your bank yet?

To me, it sounds like you may not have overpaid - but that the 5 months you missed payments all incurred interest which explains the deficit. That's not to say you intentionally missed payments - but take it up with your bank as there's little that people on here can say or do to help until your bank have explained what's gone on, other than to offer you support.

ineedsomeinfo

Deleted_User wrote: »

It's largely irrelevant, I'm afraid. You've already paid the amount you owe: all the other people bleeting about unenforceability are trying to wriggle out of debts that they still have to pay.

As far as I'm aware, no-one has retrospectively argued unenforceability and got a refund - and quite rightly so! You borrowed the money, so pay it back!

Have you spoken to your bank yet?

To me, it sounds like you may not have overpaid - but that the 5 months you missed payments all incurred interest which explains the deficit. That's not to say you intentionally missed payments - but take it up with your bank as there's little that people on here can say or do to help until your bank have explained what's gone on, other than to offer you support.

I don't think you've actually listened to what i have said at all. You are saying i have probably been charged for not paying the loan on time. But the bank have already admitted their mistake and admitted they cancelled the standing order. So why on earth would i get charged late payment fees or interest? And as for your line "you borrowed the money you pay it back". I borrowed 1800 and payback more than 500 more than that on an INTEREST FREE LOAN! So NO i should not have paid back that amount. This was a totally balls up by the bank. A fault that should not have happened.

So thanks for the advice, well actually i wouldn't quite say advice as you clearly have not read the posts and are talking complete rubbish!

chambta

ineedsomeinfo wrote: »

I don't think you've actually listened to what i have said at all. You are saying i have probably been charged for not paying the loan on time. But the bank have already admitted their mistake and admitted they cancelled the standing order. So why on earth would i get charged late payment fees or interest? And as for your line "you borrowed the money you pay it back". I borrowed 1800 and payback more than 500 more than that on an INTEREST FREE LOAN! So NO i should not have paid back that amount. This was a totally balls up by the bank. A fault that should not have happened.

So thanks for the advice, well actually i wouldn't quite say advice as you clearly have not read the posts and are talking complete rubbish!

Rather than wasting time on here asking people to guess you'd be far better advised to go into the branch and sit down with someone to sort it out.

[Deleted User]

ineedsomeinfo wrote: »

I don't think you've actually listened to what i have said at all. You are saying i have probably been charged for not paying the loan on time. But the bank have already admitted their mistake and admitted they cancelled the standing order. So why on earth would i get charged late payment fees or interest? And as for your line "you borrowed the money you pay it back". I borrowed 1800 and payback more than 500 more than that on an INTEREST FREE LOAN! So NO i should not have paid back that amount. This was a totally balls up by the bank. A fault that should not have happened.

So thanks for the advice, well actually i wouldn't quite say advice as you clearly have not read the posts and are talking complete rubbish!

No, you are not reading what I have said.

I said that it sounds like the bank have made an error, but you're making it into such a big issue: from the sounds of things you haven't even spoken to the bank yet.

So, here's my advice:

Rather than ranting and raving on here...and trying to ask whether the bank's errors render your agreement unenforceable...why don't you actually speak to the bank and ask them to explain what's happened?

It's probably just a simple mistake, which they'll sort. If they don't, then come back and rant and rave.