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Pls hep... my loan agreement does not show total amount repayable, is it unenforcable
msjoanne
Posts: 10 Forumite
I took out a Lloyds TSB loan in 2002 for £10,000. It was due to end 2 years ago but due to a massive change in circumstances I have only managed to pay half as Lloyds have agreed to take a payment of £45 a month
Anyway to cut to the chase, I have just looked at my loan agreement and it does not say anywhere 'Total Amount Repayable'. Does this make it unenforcable?
Pls answer if u can x
Anyway to cut to the chase, I have just looked at my loan agreement and it does not say anywhere 'Total Amount Repayable'. Does this make it unenforcable?
Pls answer if u can x
0
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http://forums.moneysavingexpert.com/showpost.html?p=30356179&postcount=16
These are the terms that should appear on an agreement.
From reading this quickly I don't think that is a required term if some of the other items listed appear, ie amount, frequency and number of repayments.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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