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Advice Please. Changed Direct Debit date and now have a charge for loss of interest

JY1973
JY1973 Posts: 2 Newbie
in Loans
Hello. I have changed the Direct Debit date for my car loan from the 23rd of the month to the 30th to reflect when I get paid in my new job. Black horse have amended the date for my, but have charged £37 for "loss of interest".

Can they do this?

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    Without the full details I can't comment on the actual amount
    but clearly you have increased the time you have borrowed the money so I see no problem with the principle.
    they should of course have warned you
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