Can they charge me so much interest

Shazza1976

Sorry if this seems confusing!!
I requested a settlement figure in july from my lender GEmoney, which i recieved
Bal as at 11/07/07 16,599.00
Add interest to settlle date of 08/08/07 169.65
add esf 134.15
add fee for discharge of security 200.00 (could i claim this back?)
Total Payable 17.102.80

I had to request another in august due to re-mortgage delays
BAl as at 23/08/07 16.834.25
add interest to settle date as at 22/09/07 234.66
Early settle fee 136.55
add discharge of security fee 200.00
add legal cost 453.63
(I had a court date set due to not paying monthly payments which were 235)
Total amount payable 17.859.09

I had paid off a lumpsum of 1180 in sept to stop it going to court,
8th Oct finally settled with them to the sum of 16.896.13. but i still think this sum is wrong. any help with this would be deeply appreciated.

petermb_2

The chances are that it is wrong but whether you can do anything about it is another issue. I would need more information to advise.
When did you take out the Loan? How much did you borrow? did you have ppi added or included? did you use a broker?
Come back with this information then I will be able to give you a rough idea of your chances of gaining redress from GE.

regards

Peter

Shazza1976

petermb wrote: »

The chances are that it is wrong but whether you can do anything about it is another issue. I would need more information to advise.
When did you take out the Loan? completed on 25th Sept 06
How much did you borrow? 15000 but the total amount the account had been open for is 18572.50:eek:
did you have ppi added or included? Yes, 2422 but i cancelled it i think around april 07
did you use a broker? yes freedom finance broker fee 1000
Come back with this information then I will be able to give you a rough idea of your chances of gaining redress from GE.

regards
Peter

I have found a default notice dated 6th june 07 and it states the account balance at 16.506.91