mis-sold loan? ?????

Tixy

How much was the loan you applied for?

What did you do with the money (assuming it was for more than say £100 to put in to your bank account). Did you just leave it all in your account and it has sat there since then unused?

Did you pay off the loan?

If you had the paperwork for the loan and you did have PPI then you may have been able to reclaim the PPI on the loan. If you don't have the paperwork now there is near no chance that the bank still will have.

glkelly

Poppops wrote: »

If you went overdrawn by £50, is that the amount you took the loan for? Purely to pay off the overdraft? Or did you get a loan for more to give you some breathing space?

I do think you're flogging a dead horse. You went overdrawn. Everyone gets charged for being overdrawn. That means we all have to pay back the charges, but paying back the overdraft is simply paying back money you spent.

If you only took a loan for the amount you were overdrawn, I think they did you a favour

The loan was for £500

glkelly

Tixy wrote: »

How much was the loan you applied for?

What did you do with the money (assuming it was for more than say £100 to put in to your bank account). Did you just leave it all in your account and it has sat there since then unused?

Did you pay off the loan?

If you had the paperwork for the loan and you did have PPI then you may have been able to reclaim the PPI on the loan. If you don't have the paperwork now there is near no chance that the bank still will have.

I take your point... I certainly didn't spend it on anything in particular. ...it just got used over the year.... yes it was paid off though

DaveTheMus

If you'd said the guy sold you a £10'000 loan to clear a £50 overdraft I could say it might be it wasn't helpful, however, it was for £500, you spent the money, the overdraft charges stopped, problem solved.

Being 23 means nothing, there are people that have children and mortgages at 20 never mind 23.....

somethingcorporate

If you spent it why do you think they should refund it to you?

It stopped you from racking up astronomical charges and fixed your immediate problem and you had some money in your pocket that you chose to spend.

I cannot see any grounds at all here.

glkelly

Just to clarify. ..I said ideally I'd like to be refunded not that I expected to be!

glkelly

Was just curious if I had any grounds for maybe not being given the correct advice but it would seem not...

somethingcorporate

What would have been the correct advice? to let you run up charges for being OD?

Apples2

You're complaining now about a £500 loan you took out SIXTEEN years ago?
You need a more fulfilling life.

glkelly

Apples2 wrote: »

You're complaining now about a £500 loan you took out SIXTEEN years ago?
You need a more fulfilling life.

Wow! Thanks for that.... NOT!