We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
🔔 You've got till Monday to apply to become an MSE Forum Ambassador

Interest Rate problems

robbow
robbow Posts: 4 Newbie
Seventh Anniversary Combo Breaker
in Loans
I have a loan with ge money and they are charging me 11.76% for it. When I first took it out it was 6%, some four years ago. I have contacted ge by email and got no reply, and by phone and told to email them. Can anyone point me in the right direction ?

Comments

  • moohound
    moohound Posts: 1,209 Forumite
    Debt-free and Proud!
    Are you sure it was 6% APR, or 6% flat rate, if it was flat rate the APR will be about double that.
    ISA £1675 :DMiniMoohound savings £3685.86 :T Plus £3800 CTF :)
    'MrMoneyMuststache' my new hero, Martin Lewis my long time hero
    Poacher turned Gamekeeper
    Roadkill rebel No 52 Aug £1.34p Sept 24p Oct 5p Nov 5p Sealed pot Challenge No 403 £176.66(2014) :staradmin NOV NST No 20
  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    robbow wrote: »
    I have a loan with ge money and they are charging me 11.76% for it. When I first took it out it was 6%, some four years ago. I have contacted ge by email and got no reply, and by phone and told to email them. Can anyone point me in the right direction ?

    Was it a variable rate?
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    What is the APR on the credit agreement?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.8K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.6K Work, Benefits & Business
  • 618.2K Mortgages, Homes & Bills
  • 175.9K Life & Family
  • 254.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture