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Mis -sold loan?
Comments
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Either another wind up thread, or someone with a challenging IQ.0
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At the time it was sold to me the advisor did not calculate my outgoings against the re payments to see if this was affordable for me and now seeing amount of repayment at the time against my earnings back then seems crazy, roughly a quarter of my monthly salary.
Advisers rarely get involved with loans. You would have seen a bank clerk. not an adviser.
There was no requirement for affordability checking on non-advised sales. Although a bit of it was done on credit scoring using data on your credit file.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
The loan has since been paid off and I am in a much better place now, but was wondering if there is anyway of disputing this with the bank?
What, you want to dispute that you are in a much better place with your bank? I do not think the bank will care that you are in a much better place.
I wish you all the luck.0
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