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Secured loan admin fees
Comments
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Total repayable after 7 years is 10417.200
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You seemed pretty switched on gas
If you could let me know any update that would be appreciated.0 -
Are you sure the interest rate is not 27.20%, rather than 27.02%?
Either way it looks about right. Your balance on £5000 would be around £4750 after 12 payments on 7 year loan, and if there is an outstanding £700 fee and interest £130, that puts it at around £5600?0 -
Hi Maas
Yes it’s 27.02%
If my settlement letter looks right that’s ok
Next question?
Am I obliged to pay these fees?0 -
Did you agree to pay them when you took the loan out?"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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2021 GC £1365.71/ £24000
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Because my documents tell me I should have a rebate on the fees for early settlement upon challenging them their answer is we don’t do rebate on fees.
So why is it in their contract?0 -
Jodiieleanneex wrote: »Because my documents tell me I should have a rebate on the fees for early settlement upon challenging them their answer is we don’t do rebate on fees.
So why is it in their contract?
It says "may" not "should." Very important difference.2021 GC £1365.71/ £24000 -
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I'm obviously simplifying a bit. Know your audience and that.JimmyTheWig wrote: »There's a difference between APR and interest. APR includes charges.
Presumably, in this case, it includes the £900 fees."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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