We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Taken out loan & the amount borrowed has tripled in just 3 years
dragonslair429
Posts: 1 Newbie
in Loans
My husband & I took out a loan in aug 06 for £10,000 this was set against our property. In the 3 years since taking out the loan we have experienced a number of very difficult months as has everybody. However the loan value has now increased 3 fold to £30,000 with a settlement figue of £17,500. I dont know what to do about it surely this is not right. Any advise for me on what I can do.
0
Comments
-
You have not posted anywhere near enough information for anyone on here to answer your query.
What type of loan is it?
What is the interest rate?
Is it repayment or interest only?
Who is the lender?
Did you take out PPI with the loan?
How many payments have been missed or were late?
How much in the terms and conditions of the loan do they say they will charge you for missed/late payments? etc etc0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards