Early Settlement Confusion

buttons321

@NearlyOld - Nope. There's absolutely nothing of the sort anywhere, mentioning the early repayment regulations" either under the sections referring to early repayment or elsewhere. There was also no mention of how they handled payments following partial settlement either, which is something I've already had to complain to them about and had them admit that they'd been remiss in covering that part in their T&C's. So they've got form on not covering all their bases.

@Jones - I have copies of everything I agreed to in PDF form and also screen captures of what I was signing for on the day of signing. Nowhere is anything mentioned about "early settlement regulations". The top of the first page of the terms says "Fixed sum loan agreement regulated by the consumer credit act 1974" and that is referenced in a few places, but no specific mention of any 28/58 day period and absolutely no reference or instruction for me to look at early settlement regulations beyond what they point out in the paperwork themselves.

Nearlyold

So what does it say in the section(s) referring to early repayment.

At the end of the day the only "extra" payment you have made is a max of 58 days interest depending on how long you took to settle after you received your final settlement figure.

Your interest calculations in your first post are somewhat off-beam because the interest that would have accrued in the first month before you made your first monthly payment would be a tad under £66.50 (twice your figure) then £65.70 in the second month having paid about £22 off the balance with your first months payments.
If you google Guardian Loan calculator and put your figs in you'll see how this works.