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Nearly 100% interest on a loan!!!
Hi, I am looking for some advice on a loan i had nearly 3 years ago that was buy now pay later, when i have come to pay later the loan company have slapped on nearly 100% interest charge for not paying it off in the first 12 months, is this legal?
Any help on this is appreciated
Many thanks
Any help on this is appreciated
Many thanks
0
Comments
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If it is in their terms and conditions that you signed, then yes it is legal.0
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Its equivalent to about 33% high but then high street banks are charging 25% or more.
I'm afraid it always pays to read the small print before signing anything.0
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