RBS and Apex Credit Management

kp90910

I have a very old loan that I took out out with the RBS years ago. I subsequently defaulted on it around 5 years ago and the loan was passed to Apex Credit Management. Since then I have been making regular payments of £210 a month. The issue I have is that I keep getting companies getting in touch with me asking if I would like to go into an agreement with them for 5 years which would write of the majority of the loan after that period. Sounds great in theory but I actually think the original borrowed amount has been paid off and that what is outstanding is the interest and PPI that is automatically added at the end.

My question is, do I have any chance of writing this loan off myself as I've paid back the original 'borrowed' amount? And if so who should I be chasing? RBS or Apex? I make my payments to Apex but still get updates and statements from RBS. I have tried writing to both of them to get an updated statement and also a breakdown of what was the original loan and what amount is the interest and PPI. Neither one have got back to me?

Any ideas greatly appreciated.

[Deleted User]

I thnk you're misunderstanding how a loan works. You don't pay the original amount, then the interest, then PPI. You're paying it all simultaneously.

So you can't stop after you think you've given them back as much as they gave you in the first place. Not without tremendous damage to your credit file.

KingElvis

Bless him, sweet.