I have Payed double the Price!!

Keefus

Hey all,


4 years ago, i got a a laptop with currys in scarborough. When i bought it, it was worked around 750£ but it was on a Special and i got it for 500 + 500 for a 5 year warrenty (which as so far been Quite handy!), about 6 months 2 a year into Paying for it, i was contacted by the Bank in charge of the Finanace for currys, HFC or house hold fiance i do beleive it was called at the time.

I traveled to york to see what they had to offer, because they said that i was on an old Rate and i should change to get the Loan payed off faster, I Agreed to the terms that where put down, It had been explained that the Loan would be on a lower APR for the first 6months i think (looking for the paper work now) and that It would pay off faster on this new rate, and if i payed more on to it, it would go down even Faster. I explained that i Doubted i could pay more off, but the lower rate would be better and would help pay it off so i agreed and signed...... Biggest mistake in my life.

After 4 years this Flexi loan hasn't dropped below 1000£, when i got the loan from HFC it was, i'm sure 1250 possablley Less. I was paying 32£ a month, about 8£ of which is was paying the loan off, the rest is on Interest and PAyment Protection, (this is Rough its not always been 8) lets do the math, 32x12= 384x4(years)= 1536.

the loan is worth 1500 on Paper

most people would say tought luck mate, u signed for it, but to be fair i feel as if i have been Dupted. does any one know of any thing i can do to sort this out? HFC rang me 2 year ago to Renegoiate the Loan but i told them no because i am a student now ( 24 and with out adding in my Uni debts i 7K in debt) and that they had screwed me a round and not come through with their Promise of early payment. currys had said that i would be 4 years on Store Credit, HFC have Left me with this for atleast another 4 years..

any help is appisated guys