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Ex Business Loan
ronsmith68
Posts: 1 Newbie
in Loans
I previously had a business loan with my former business - the business closed and was struck off by Companys House- now Barclays are telling me I am responsible for the loan - which I am un happy about. The debt was originally an overdraft consolidated onto a loan for so called cheaper and easier lending according to my Bank Manager of the time - the bank charges of the company in its final 3 years ammounted to something close to the ammount of the overdraft. Now Barclays have put the interest rate upto 12% Can anyone advise or help
0
Comments
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Is the loan in the Business name or yours?
Did you guarantee it?0 -
Looks like you had a limited company so you are liable for the loans or overdrafts of the company's bank accounts if (they had any sense) you guaranteed them.0
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