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everything finanical
Comments
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Fixed Rate isn't really a meaningful comparison for loans.
But 102.9% is CRIMINAL.
Even capital one and vanquis don't charge this much.
How are they allowed to sell loans at such extortionate rates ?0 -
hi nick i have no idea trouble is im finding it hard to meet this repayment every month0
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You can make an excellent case for this being grossly unfair. Maybe you could contact the Financial Ombudsman Service, perhaps?0
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I would definately contact either CAB or CCCS to discuss what your options may be.
A £500 loan paid over 3 years @ 102.9% APR would require £45.21 pm
So even this does not add up.
If you are advised to get another loan at a better rate, take the documents with you to the bank rather than applying online for the loan.
You would need to get an early settlement figure from everything financial or whoever did the actual loan, which may be quite a bit.
Is there PPI cover with these loans?
If so, it may be possible for you to claim that back.After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91
Dad Gift 6k ¦ Savings & Inv Tst: £2,500
Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0
Total Owed: £2,270 (+6k) 11/08/20110 -
That's doorstop lenders for you. It always amazes me. The poor/naive/careless get exploited/shoot themselves in the foot the most.0
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like to thank everyone for advice contacted the onburdsman today he is sending letter to company.will keep in touch about this.thanks again everyone0
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