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Cca fees????
Jedwards2411
Posts: 1 Newbie
in Loans
Evening All
Please can you help/advise?
I was stupid enough to take out a 2 year everyday loan back in August however I'm now in a position to make early repayment,
I have asked for and received a settlement letter today.
They are asking me to pay a CCA (consumer credit Act) fee? Is this standard to these kind of loans or can I appeal against making this payment?
Also the settlement is valid for 28 days so they are charging 28 days interest even if Ipay it off tomorrow, so again is this a change I can appeal against.
Thanks for you help in advance
Please can you help/advise?
I was stupid enough to take out a 2 year everyday loan back in August however I'm now in a position to make early repayment,
I have asked for and received a settlement letter today.
They are asking me to pay a CCA (consumer credit Act) fee? Is this standard to these kind of loans or can I appeal against making this payment?
Also the settlement is valid for 28 days so they are charging 28 days interest even if Ipay it off tomorrow, so again is this a change I can appeal against.
Thanks for you help in advance
0
Comments
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They can charge 2 months interest on early settlement. That is probably what they are referring to.0
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