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118118money loan
Hi Guys
Wondering if anyone can help. I have been paying my debts off via stepchange and one of my debts was 118118money. I have been paying more than i have needed to on all my debts so they all finish well before the agreement. my 118118 loan was interested loaded at the start. however I'm due to pay one more payment next month. I rang them this morning and the told me all i had to pay was £16.20 my payment is usually £130 something. just a bit confused they said i saved on the interest but the interest was front loaded i thought at the start. I'm minus -£961 in arrears.
any help would be appreciated thank you
Dave
Wondering if anyone can help. I have been paying my debts off via stepchange and one of my debts was 118118money. I have been paying more than i have needed to on all my debts so they all finish well before the agreement. my 118118 loan was interested loaded at the start. however I'm due to pay one more payment next month. I rang them this morning and the told me all i had to pay was £16.20 my payment is usually £130 something. just a bit confused they said i saved on the interest but the interest was front loaded i thought at the start. I'm minus -£961 in arrears.
any help would be appreciated thank you
Dave
0
Comments
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No loans have interest front-loaded at the start."Facism arrives as your friend. It will restore your honour, make you feel proud, protect your house, give you a job, clean up the neighbourhood, remind you of how great you once were, clear out the venal and the corrupt, remove anything you feel is unlike you... [it] doesn't walk in saying, "our programme means militias, mass imprisonments, transportations, war and persecution."0
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Thank you for the reply
I was charged £1900 something at the start of the loan. I cant see how I would save interest. unless they gained interest on my £961 and giving it back ? so I really don't know if I have paid it off or not.0 -
Your overpayments have saved you interest. You weren't charged any up front interest.0
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it is illegal to front load interest now.0
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