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Full and final settlement
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dmacp
Posts: 4 Newbie
I recently agreed with my bank a full and final settlement for long term debt , i paid the agreed amount and now i have been sent a letter informing me that i am due returned interest due to an error, the bank has taken this money now in addition to my full and final settlement , can i get this money back ? or at least have my full and final settlement figure reduced as it included interest that was wrongly charged? as my full and final settlement was based on a percentage out the outstanding debt which would be an inflated figure as the "wrong" interest was included?
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I suspect the settlement offer would let them do this, in which case there's nothing due to you.💙💛 💔0
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Or you could just be happy that you paid back less than you owed?I am a Mortgage BrokerYou should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.
This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
yeah good luck with that.0
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can they have the rest of the capital you borrowed back as well?Don't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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What sort of amount are we talking about here? Is it a SIGNIFICANT amount? Are we talking about £100's or pennies?0
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it is a significant amount0
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i have been sent a letter informing me that i am due returned interest due to an error
Sounds as if the interest be refunded in due course. So what's your problem?0
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