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Corsa Sport » Message Board » Off Day » House Day » Settling a loan!? » Post Reply
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stubbsy05 |
posted on 4th Jan 09 at 19:23 |
My A&L loan was interest front loaded and I ened up paying it off after 4 months when it was originally for over 4 years :loL: | |
Eck |
posted on 31st Dec 08 at 14:06 |
I'll have a look at that on the 2nd :thumbs: Aye they don't mention that you are paying off the interest first, so if you try to settle it, you're not making a saving :lol: Probably the only way to get out of paying the interest would be to lodge a complaint, stating that you were mis-sold the product as you weren't made aware of the 60 days of interest, and front loaded interest. If you kick up enough shit, they'll take it off :) | |
Colin |
posted on 31st Dec 08 at 14:03 |
7/12254209- 3 | |
Graham88 |
posted on 31st Dec 08 at 14:01 |
Badgers :! | |
Eck |
posted on 31st Dec 08 at 14:00 |
Ouch :lol: I'm not in again until the second, but if you want I'll have a look for you? But I need to know... Your agreement number, does it start with 7/ number? If not there isn't much I can do really :| | |
Colin |
posted on 31st Dec 08 at 13:59 |
Yeah it is HBos :| | |
Eck |
posted on 31st Dec 08 at 10:57 |
Who is it with Col? If it's with HBoS... Our policy is upto 60 days of interest charged on a Settlement Figure. Also, our loans don't seem like they add up :lol: See your loan. if you took £4,000, and paid off £1,000... The outstanding balance won't be £3,000. It'll be something like £3,800 :lol: That's because the interest is front loaded, so most of the interest is being paid off, and only a small part is going to the capital until the interest is paid off and then you're full payment will start eating away at the Capital. | |
AndyKent |
posted on 30th Dec 08 at 19:18 |
I'd get back on the phone and ask why its £100 more than you were expecting - they might explain how they got to that figure. | |
Colin |
posted on 30th Dec 08 at 19:14 |
I phoned up & thats the settlement figure they gave me, I was back off the phone before I had a chance to think hang on that sounds a bt off!! | |
AndyKent |
posted on 30th Dec 08 at 18:50 |
Who told you you've got to pay nearly 2800? | |
Colin |
posted on 30th Dec 08 at 17:13 |
Im a bit confused here, should I be? |