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Hi
Iv just joined as a new member and am surprised that its not only me who have to deal with the extortionate charges that Swift advance group charge..
I took a loan out with Swift advance for £25000 five years ago. The loan was for 10 years. Last year my companys contract ended and we got into Financial difficulties. Swift were ok at first they let us pay £100 per month but then we couldnt afford that they now send us letters charging us interest of £65 per month for non payment. Looking back over our statements the interest rate each month varies so much one rate was £269 then the next month it was £318. I dont really understand how it could vary so much when the interest rate is going down.
Im at my wits end. I have decided to look into an iequity release scheme and asked Swift what the settlement figure would be. I received a statement today and they have said the amount I would have to pay would be . £26,309 According to my figures I have already paid over £25000 back over 5 years.
What I need to know is can they charge the full 10 years interest when we are hoping to settle 5 years early.
Any advice dealing with these scum bags would be welcome.
Iv just joined as a new member and am surprised that its not only me who have to deal with the extortionate charges that Swift advance group charge..
I took a loan out with Swift advance for £25000 five years ago. The loan was for 10 years. Last year my companys contract ended and we got into Financial difficulties. Swift were ok at first they let us pay £100 per month but then we couldnt afford that they now send us letters charging us interest of £65 per month for non payment. Looking back over our statements the interest rate each month varies so much one rate was £269 then the next month it was £318. I dont really understand how it could vary so much when the interest rate is going down.
Im at my wits end. I have decided to look into an iequity release scheme and asked Swift what the settlement figure would be. I received a statement today and they have said the amount I would have to pay would be . £26,309 According to my figures I have already paid over £25000 back over 5 years.
What I need to know is can they charge the full 10 years interest when we are hoping to settle 5 years early.
Any advice dealing with these scum bags would be welcome.
