Bank made error...I have to pay

trinity_enigma

I'm with Hax on this one. You agreed to take a loan. You agreed to take a 3 month break and still pay interest- why do you think that you shouldn't have to pay this just because of a clerical error.

Honestly I'm sure you've never made a mistake in your life, or if you have you don't expect it to be rectified in any way shape or form!

chalkie99

And this is from a university graduate!

Gawd help us. :eek:

Ive_A_Horse_Outside

Your still paying what you agreed to. The actual payments may be slightly higher now every month to cover their clerical error but it will be the same TOTAL amount payable as you originally signed up to....

corbyboy

I am siding with the OP here. People are talking about paying back what was agreed. But what was agreed was what was signed.

If the bank have now just realised they made a calculation error that is their problem. What is signed is the agreement.

I think you need to clarify things a little. Can you post the figures for the original agreement and the figures for the amended agreement.

Hax

corbyboy wrote: »

I am siding with the OP here. People are talking about paying back what was agreed. But what was agreed was what was signed.

If the bank have now just realised they made a calculation error that is their problem. What is signed is the agreement.

So, if the error made was in the bank's favour, you think that the OP shouldn't be entitled to getting the overpayments back?

corbyboy

Hax wrote: »

So, if the error made was in the bank's favour, you think that the OP shouldn't be entitled to getting the overpayments back?

I think we need to get more details on exactly what the bank wants to change and where the error was made. If it was, for example, a mathematical error then I think they would have a case to amend it.

But if the monthly payments, duration, APR and total to be repaid match what is on the paperwork then I don't think anybody has a right to change it.