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Reclaiming Overpayment money on loans
jasperuk
Posts: 3 Newbie
Hi
A friend of mine has received a letter and a cheque as an sorry from his bank becouse they did not informing him he could make over payments on a loan he took out, a few hundred quid and he never actually asked for the money it just arrived.
Has anyone else has a refund on possible interest that could have been saved due to not being informed about overpayments on a loan i have never come across it until today.
Cheers
Gavin
A friend of mine has received a letter and a cheque as an sorry from his bank becouse they did not informing him he could make over payments on a loan he took out, a few hundred quid and he never actually asked for the money it just arrived.
Has anyone else has a refund on possible interest that could have been saved due to not being informed about overpayments on a loan i have never come across it until today.
Cheers
Gavin
0
Comments
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A friend of mine has received a letter and a cheque as an sorry from his bank becouse they did not informing him he could make over payments on a loan he took out, a few hundred quid and he never actually asked for the money it just arrived.
It is highly unlikely the payment was for that. I suspect he/she has read it wrong or has relayed it incorrectly to you.
A couple of lenders have recently fallen foul of the consumer credit act on some of their loans for a period and are currently making a refund of interest for those affected. Your friend could be one of those.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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