loan over 10 years and still paying

edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
12 replies 3.2K views
rumbleforcerumbleforce Forumite
7 Posts
Hi can anyone help?
i had a cahoot flexi loan in 2006 for £8600 think the rate was around 9%
santander took over the loan and put the rate up to around 23% i think it must of been in 2008 after contacting them today to see how much i had left i still owe around £3600 at this rate i will be drawing a pension before its finished , the amount of interest i must of payed is astounding and would be more comparable with a loan shark, would my best bet to be contacting them direct to put in a compliant or to contact the financial ombudsmen just feel this is never going to go away
any help would be greatly appreciated
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