Another Northern Rock Grumble...

KerryGold

I just thought I'd bring this up for discussion.

I applied to Northern Rock for a £4k loan to buy a new car.

Originally I requested their cheapest PPI (£2 p.m.) and they came back with an interest rate of 9.9% (not great but this was my fall back plan so I wasn't overly worried). They called me up and I complained about the rate (it's a long way from 5.7 or whatever!) but said I was still considering taking it out although I didn't want the payment protection. She said I had to get new papers through to sign...

So today I get them, no PPI but the interest rate has gone up to 10.9% :eek:

I have one letter dated 5th Aug 9.9% and one 7th Aug 10.9% :rolleyes:

Now MAYBE it's to do with the interest rate change (4th Aug) but MAYBE it's to do with screwing more money out of me either way.

In the end I don't mind as I'm taking the loan elsewhere - just wanted to see whether this had happened to anyone else?

:beer: K x

_Andy_

No, but in my opinion the company are scum. Their bullying tactics to 'encourage' (force) their customers to take loan protection are disgusting.

asandwhen

sign the 9.9% form send it back then cancel the ppi within the cooling off period.