Hi Guys, Just found this thread and decided i should get in touch, my gran got a loan from swift advances in 1997 for £23,000 they in total they wanted back £110,000 over the years she has paid them £80,000 and they say she still owes them £61,000 they had her intrest payments at £1000 per month and have since cut the intrest rate down for her from 23% to 8.89%
they have never sent her any letters telling her the £400 per month debit she had always paid them was not even covering the interest, what the hell can we do about this company??? i find them to be discusting animals who prey on customers. they add intrest on top of interest and it just gets bigger and bigger
does anyone know if i can sue them for not informing my gran that her agreed payment was not covering the interest and as such she was accumulating debt which was being lumped with interest, i think they called it compound interest
Need some advice some help if its going, im in the process of gathering all the relevent paper work from them and my plan was to then challenge them for proof they informed my gran of any changes and intrest payments etc and then take it all to the FSA and see if they can look over the loan details
they have never sent her any letters telling her the £400 per month debit she had always paid them was not even covering the interest, what the hell can we do about this company??? i find them to be discusting animals who prey on customers. they add intrest on top of interest and it just gets bigger and bigger
does anyone know if i can sue them for not informing my gran that her agreed payment was not covering the interest and as such she was accumulating debt which was being lumped with interest, i think they called it compound interest
Need some advice some help if its going, im in the process of gathering all the relevent paper work from them and my plan was to then challenge them for proof they informed my gran of any changes and intrest payments etc and then take it all to the FSA and see if they can look over the loan details
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