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G E Money
loganakajon
Posts: 13 Forumite
Hi all,
I have a question i hope someone will help with an answer:
I took out a fixed sum loan with g e money for £11000, total amount of credit is £12830 which included ppi. This was to be paid back in 216 monthly payments of £158.47 with a monthly interest of 1.0%.
This was taken out in february 2008 for a equity buyout from an ex partner, to cut a long story short i lost my job, struggled for money and fell behind with the monthly payments with the loan as well as my mortgage.........i had no choice but to sell the house.......sept 2010 i sold the house and all monies to be paid back via solicitors.......looking back now at my completion statement and sar reports i paid back to g e money a total of £16005.91.......looking at this it doesnt seem right....this includes:
Compound Balance Adjustment £1002.03
Settlement Interest £198.37
Simple Balance Adjustment £959.03
Plus a lot of interest charges......unpaid debit fees......
Can anyone please advise me if this all seems correct or have i been taken for a mug?
Thanks for reading :T
I have a question i hope someone will help with an answer:
I took out a fixed sum loan with g e money for £11000, total amount of credit is £12830 which included ppi. This was to be paid back in 216 monthly payments of £158.47 with a monthly interest of 1.0%.
This was taken out in february 2008 for a equity buyout from an ex partner, to cut a long story short i lost my job, struggled for money and fell behind with the monthly payments with the loan as well as my mortgage.........i had no choice but to sell the house.......sept 2010 i sold the house and all monies to be paid back via solicitors.......looking back now at my completion statement and sar reports i paid back to g e money a total of £16005.91.......looking at this it doesnt seem right....this includes:
Compound Balance Adjustment £1002.03
Settlement Interest £198.37
Simple Balance Adjustment £959.03
Plus a lot of interest charges......unpaid debit fees......
Can anyone please advise me if this all seems correct or have i been taken for a mug?
Thanks for reading :T
0
Comments
-
The charges you mention dont seem out of character. However you need to post the full breakdown for us to advise.0
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