Where to get advice

MaximusPrimal

I am going to be repaying a secured loan shortly, ending the term early by around 12 years.

Due to a unavoidable delay the original redemption figure passed the date it could be accepted so I requested a new one.

Not only is the redemption figure HIGHER than the original one, the breakdown of charges and interest etc if very different in layout with new charges appearing, some original information missing etc. It is as if the new breakdown is designed to be harder to read and more confusing so they can justify the increase costs despite my payments.

I would like someone who understands loans to look at it and tell me if there are any issues or if it is all above board as I do not trust the loan company at all and even after the loan is redeemed and paid will be taking them to the body that oversees them for what I consider bad handling, and breaking the code of conduct they subscribe to.

My question is: Where do I turn to to get advice on these things? Is it a financial advisor, a solicitor or someone else? I don't know who can advise me correctly and for various reasons I am not willing to post all the details on here.

Any ideas where who I turn to?

Max

debtcutter

Can you post basic details, such as:

Original amount borrowed:
Amount owed now:
Loan term:
How many payments made:
Monthly payment amount:
Any early settlement fee:

As long as you don't post any revealing personal details, it's unlikely anyone will be able to identify you from the above.

Have you asked the lender why it's increased? If not, that would be a good first step.

_Andy_

Also see

https://forums.moneysavingexpert.com/discussion/4663319

In any case, OP never seems to bother replying to threads or having the courtesy of thanking people that have responded.

MaximusPrimal

You know what... Forget it. I am sorry if I am not "polite enough for you". i'll just !!!! off then.

_Andy_

How charming.