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OH has a car loan with Wanco Satander. 60 month term and we are now 24 months in.
In the past 12 months Wanco have applied the following charges:
17.12.09 unpaid fee £15+ late payment £30.00 (so £45 total for one late payment)
19.4.10 £15 + £30 (£45) for simulataneous late and unpaid payment
20.7.10 £25.00 late payment fee
4.10.10 £25 late payment fee
25.10.10 £25 late payment
Total charges this year alone come to £165.00
Are late payment charges permissible? Are they allowed to "top up" late payment charges with unpaid charges as well?
Wanco get paid each month without fail, just often not on the date they are meant to receive it (sometime like a week later due to cash flow problems).
Any thoughts?
In the past 12 months Wanco have applied the following charges:
17.12.09 unpaid fee £15+ late payment £30.00 (so £45 total for one late payment)
19.4.10 £15 + £30 (£45) for simulataneous late and unpaid payment
20.7.10 £25.00 late payment fee
4.10.10 £25 late payment fee
25.10.10 £25 late payment
Total charges this year alone come to £165.00
Are late payment charges permissible? Are they allowed to "top up" late payment charges with unpaid charges as well?
Wanco get paid each month without fail, just often not on the date they are meant to receive it (sometime like a week later due to cash flow problems).
Any thoughts?
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