tesco loan advice

4333david

hi everyone

need some advice i took a loan out with tesco and had to default due to hours being cut at work etc i have been paying £100 per month for about 2 years my original amount was £205 i requested copys of statements and total owing is about £4500 but tesco are saying i owe £7800 and they cannot tell why there is a difference in amounts

any ideas what to do ??????

longtermplanner

Write to them and say you think there has been an error and ask them to supply details of the amount borrowed and all the payments that you have made.

4333david

thanks for the reply already done that been waiting over 3 weeks
i am trying to make a short settlement on the debt but cannot do this until i get a correct total .

any more ideas would help

imoneyop

Can you be sure they got the letter?

Write them another letter and head it complaint. Send it recorded this time and wait for them to respond. If they don't respond in 8 weeks refer them to the FOS.

ch3101

How much did you borrow initially?
Over how long?
At what rate?
What date did you reduce your payments?

leecthompson

If you know your loan account and sort code (you can get this off them on the phone) you can register for online account management and get a pretty comprehensive breakdown of your payments etc online.

Hope this helps.

jonesMUFCforever

I think OP thinks that because he paid a smaller monthly payment the interest on loan has mysteriously stopped - it hasn't - with each payment his debt has grown - add to this any underpayment fees etc then Tesco's figures might be right.


OP to check the figures you have to give us something to work on.

Gytautas7

I think they scam people,you really need to investigate this more clearly

imoneyop

Gytautas7 wrote: »

I think they scam people,you really need to investigate this more clearly

I think you're a spammer upping your post count, perhaps we should investigate that more clearly.

paulsad

shaddisi23 wrote: »

I have need some admonition i took a accommodation out with tesco and had to absence due to hours getting cut at plan etc i accept been paying ВЈ100 per ages for about 2 years my aboriginal bulk was ВЈ205 i requested copy's of statements and absolute attributable is about ВЈ4500 but Tesco are adage i owe ВЈ7800 and they cannot acquaint why there is a aberration in amounts.

Que?????????

imoneyop

paulsad wrote: »

Que?????????

Doesn't even look like Spanish to me, let alone English.