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Collection fees on secured loan
About 5 years ago i took out a secured loan with central trust and in september payed the final installment,happy days job done ? No a month later i get a letter stating that four and a half years earlier i made two late payments, as i was 10 days late in paying i owe them 2 x £50 collection costs and interest at £21.48 and i need to pay this before they remove the charge from my house. Please can anyone tell me if this is fair / legal or should i smply pay up.
I have phoned the company and they say that i was notified and its in the table of fees and due to their system i would have not got a final balance / bill until my loan term had finished.
Any help or advise please.
I have phoned the company and they say that i was notified and its in the table of fees and due to their system i would have not got a final balance / bill until my loan term had finished.
Any help or advise please.
0
Comments
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well if it was me and I knew I was late then id just pay the £121.48.
but I guess you cant remember if you were late or not right?0
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