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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
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loganakajon wrote: »Plus a lot of interest charges......unpaid debit fees......
That probably didn't help.
So you paid the interests/adjustments, which took your total to nearly 15,000, then the rest of it was late payment and interest on those late payment fees.
Ask them to look into it for you, it won't hurt.Non me fac calcitrare tuum culi0
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