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mis-sold loan? ?????
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1. Statute of limitations. It happened over 15 years ago. Any possible legal case has no legs left.
2. The interest and PPI on the loan was probably in the region of £100 in total. If a customer had repeating bank charges the loan almost certainly saved money.
3. The question is highly speculative and the poster has, in my view, failed to articulate what the bank did wrong.
Apart from that, go for it!0 -
No doubt, everyone who has ever taken out a loan would ideally quite like to have it refunded. But they aren't expecting it to be, either.Just to clarify. ..I said ideally I'd like to be refunded not that I expected to be!I can afford anything that I want.
Just so long as I don't want much.0 -
OP if they refund you the loan monies they would have to recalculate the overdraft and interest and charges which they could legitimate claim back from you.
On a scale of 1 to 100 you have -10 at best chance of getting anywhere with this.0 -
No doubt, everyone who has ever taken out a loan would ideally quite like to have it refunded. But they aren't expecting it to be, either.
And what a "refunded" loan means is that they would like to be given a bunch of cash from the bank. Who wouldn't like free money?
:D Thinking critically since 1996....0 -
The answer to your question lies in the third line of your original post - "I stupidly agreed to this".
You cannot blame others for your stupidity. Especially after 16 years."There are not enough superlatives in the English language to describe a 'Princess Coronation' locomotive in full cry. We shall never see their like again". O S Nock0 -
Dont like the loan terms, dont sign on the dotted line.
It is perfectly legal (If you hold a credit licence) to offer a loan at a million percent interest.0 -
No doubt, everyone who has ever taken out a loan would ideally quite like to have it refunded. But they aren't expecting it to be, either.
I would rather like my mortgage refunded in full, when they said it would take 25 years to repay I assumed that they were joking and I wouldn't have to keep making payments that long.
Do you reckon I am in with a shout and if so should I also demand compensation?"We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein0
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