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!
Secured Loan (Picture) Paying out.
Hi,
Think others have been in the same boat here but before I settle with these guys just want to make sure they are not pulling a fast one.
27 months ago I took out a secured loan on my house £31,000 (to cover an existing loan and to free some cash for Scottish "Offers Over" system.)
When taking the loan all was fine and im sure I refused Payment Protection. Anyway when I called them to get a settlement figure due to early settle I would incur a fee which brings the outstanding balance to approx. £32,000 which is obviously more than what I borrowed.
This is probably in my loan agreement, however before I give them yet more money has anyone else been in the situation? As in total including repayments I will be paying them back approx £40,000
Any advice is appreciated!
Thanks
Steve
Think others have been in the same boat here but before I settle with these guys just want to make sure they are not pulling a fast one.
27 months ago I took out a secured loan on my house £31,000 (to cover an existing loan and to free some cash for Scottish "Offers Over" system.)
When taking the loan all was fine and im sure I refused Payment Protection. Anyway when I called them to get a settlement figure due to early settle I would incur a fee which brings the outstanding balance to approx. £32,000 which is obviously more than what I borrowed.
This is probably in my loan agreement, however before I give them yet more money has anyone else been in the situation? As in total including repayments I will be paying them back approx £40,000
Any advice is appreciated!
Thanks
Steve
_______________________
Steve
Steve
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards