We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Black horse loan help

I agreed to the following monthly repayment plan with the black horse:

1 payment of £415.00
46 payments of £275.00
1 final payments of £375.00

Today I received a letter which said that due to a printing error, the above was incorrect. It should've been 48 payments of £415.00 instead. I signed a contract which stated the above payment conditions. Is there anything that I can do? I would've never agreed in the first place if they told me that I would be expected to make 48 payments of £415.00. Help?

Comments

  • How much was the loan for? Do the numbers add up?

    Their payment schedule would have the loan for £13,440 including interest.

    Can you post the following info:

    - Loan Amount (£)
    - Loan Duration (months)
    - Loan Interest (%)
    Disclaimer: Any spelling mistakes or incorrect grammar is purely coincidental and in no way reflects the intelligence of the author.

  • towseriv
    towseriv Posts: 322 Forumite
    They amount they want you to pay is £19920 including interest. Like the above says how much did you borrow??
  • Hi, I work for Blackhorse. A lot of people have received these letters due to a mistake. Just ignore it, your orignal contract is correct and you should be receiving an apology/correction in the post shortly. If you would like, you could call our customer service department (number should be in your welcome pack) who would be able to confirm this.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.4K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.2K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.