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Co-op have refunded me

saker75
saker75 Posts: 350 Forumite
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I was quite stunned on Saturday morning to receive a letter from Co-op Bank stating that a loan I'd taken out didn't meet the Consumer Credit Regulations. They have refunded me all the interest I'd paid - £1500. These things never happen to me! Clearly I'm really pleased but it does feel wrong to get an interest free loan. I've already donated half the amount to charity and the rest will be put into savings.

Comments

  • foxy-stoat
    foxy-stoat Posts: 6,879 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    So you have given away £750 already.....? Not very money saving is it!?
  • saker75
    saker75 Posts: 350 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    foxy-stoat wrote: »
    So you have given away £750 already.....? Not very money saving is it!?

    It was money I didn't think I had - getting it was a bonus. So yes, I'd prefer to share that benefit with others. Being money-smart isn't the same as being tight! The charity is small and such an amount can go a reasonable way with what they do.
  • Clive_Woody
    Clive_Woody Posts: 5,888 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    foxy-stoat wrote: »
    So you have given away £750 already.....? Not very money saving is it!?
    Pretty sure our beloved moneysaving leader Martin has given away big chunks of his vast fortune to charity.

    Not everything is about moneysaving :money:
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    Did you tick the gift aid box?
  • takman
    takman Posts: 3,876 Forumite
    1,000 Posts Combo Breaker
    It's refreshing to see a post like this where the OP isn't asking about how to get more money from them, like in the other thread about this...
    Well done :)
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