Black Horse Loan

mariewattsuk

I have a Black Horse HP loan for a vehicle, due to an unexpected tax bill tried to defer 1 months payment of £352.12. T & C state that I could do this once in a 12 month period, with interest charged for the period each payment is deferred and " reasonable admin Costs", thought it was still agood idea until I contacted them - they agreed to it in principle but would charge me £100 interest !!
Does anybody know anything about a defered payment with Black Horse, as I would still like to use it if possibl;e.

CLAPTON

how much do you owe?
what is the APR ?

mariewattsuk

Original loan was for £15, 800 Total amount payable is £22,272.20

Still owe about £15,000 but not got latest statement here

APR 12.9%

Thanks

CLAPTON

mariewattsuk wrote: »

Original loan was for £15, 800 Total amount payable is £22,272.20

Still owe about £15,000 but not got latest statement here

APR 12.9%

Thanks

well

interest on 15,000 at 12.9% for 1 month would be
15,000 x 12.9%/12 = £161

so it looks as if you are getting a very good deal