additions direct

ANDENA

can i just warn everybody not to get goods from additions as there APR if not DD is going up in june to APR 39.7% variable which i think it is disgusting is there anywhere i can complain,i am trying to get a loan to pay it off,its my daughters bill but in my name at moment we owe £897.97she is paying £44 .00 a month but they take £19.60 for interest so she is only paying now £24.40 thats at APR 32.9% need advice on this,so be warned.

dexters_mum_2

You probably won't be able to complain, they've given you adequate warning of the change.

Littlewoods, the parent compnay already advertise their DD APR and Non DD APR quite obviously.

Catalogues have notoriously high APR's, unfortunately.

Could you switch to DD to save a bit of money? even in the short term?

pinkshoes

They do make their terms, conditions and rates very clear...

I would suggest that your daughter (and you) learn a lesson from this, and perhaps do a course on money management, and instead of buying things on credit, saving up for them.

If she's only paying off £24.40 a month, then in the 3 YEARS it'll take her to pay back, she could have saved the money, and had £1600 to spend with no credit required.

kuohu

Yep, and that's pretty shocking stuff indeed!

OP- you can get these figures by playing with the online calculator at http://www.whatsthecost.com/loan.aspx

Also, I'm not sure if you're a regular there already but the Debt Free Wannabe board on this forum is brilliant. There's tons of people over there with great advice to give on cutting back and tackling problem debts; they really helped me when I had problems.

ANDENA

I have been on this site for help be for but have never been insulted,you dont tell me to do a course of money management,this was abound befor and did not have high APR like this.as i have had this company for years and always cleared my debts.

ANDENA

kuohu wrote: »

Yep, and that's pretty shocking stuff indeed!

OP- you can get these figures by playing with the online calculator at http://www.whatsthecost.com/loan.aspx

Also, I'm not sure if you're a regular there already but the Debt Free Wannabe board on this forum is brilliant. There's tons of people over there with great advice to give on cutting back and tackling problem debts; they really helped me when I had problems.

I am not in debt no mortgage paid off ect i just dont like being ripped off thank you for your support.

marshall2k

You are in debt! You owe nearly £900

ANDENA

marshall2k wrote: »

You are in debt! You owe nearly £900

yes but paying it off not behind with payments all i wanted was advice.

marshall2k

Ok. Well my advice would be to pay off as quickly as possible and/or transfer to a lower rate. Every extra pound paid per month will save you more in the long run.

I've read that some people have had success with lowering credit card rates by sending letters after an unexpected increase but whether this applies to catalogues I don't know!

ANDENA

marshall2k wrote: »

Ok. Well my advice would be to pay off as quickly as possible and/or transfer to a lower rate. Every extra pound paid per month will save you more in the long run. I did get back ppi cover so it made it less,have been in touch with yes credit and they are finding me a loan, did have loan company on phone today but declined as wanted me to have £5,000 and secure on house no way i am not that stupid,what do you think.

I've read that some people have had success with lowering credit card rates by sending letters after an unexpected increase but whether this applies to catalogues I don't know!

read above sorry

marshall2k

What is your credit history like?

I'm sure some real experts would be able to help you if this was moved out of Consumer Vents to somewhere like Debt Free Wannabe. You could private message a board guide to move it