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Barclays partner finance Help!!
Hi, I was just looking for abit of advice, please.
In April 2008, I purchased a car and had a loan for £10,250, the loan was for 60 months and I am paying £217 a month (minimum payment)
I have missed 1 Payment and had a number late payments, I have rang Barclays today to get an account balance. My current balance is £882! But they now have now changed my minimum pay to £366 a month!!
I have had no notification on this increase and I was wondering if this even allowed?? I can't find my original agreement anywere.
Can some please give me abit of advice, thank you
In April 2008, I purchased a car and had a loan for £10,250, the loan was for 60 months and I am paying £217 a month (minimum payment)
I have missed 1 Payment and had a number late payments, I have rang Barclays today to get an account balance. My current balance is £882! But they now have now changed my minimum pay to £366 a month!!
I have had no notification on this increase and I was wondering if this even allowed?? I can't find my original agreement anywere.
Can some please give me abit of advice, thank you
0
Comments
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If you are in arrears and charges have been applies, then the minimum amount can increase to ensure the loan (plus any arrears or charges) is repaid within the specified schedule.0
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