Can someone kindly confirm what figure should be advised in the Amount of Credit Provided at the top of statements ?
They also state AIR% and not APR% - Is that correct ?
I have reviewed some recent statements and I have come across 3 different figures, one the Creditor advised was due to a IT hitch ?
My figures are :-
Amount of Loan / cash advanced £12,000
Total Cash Price / PPI £2,142.43
Amount of Credit £14,142.43
Acceptance Fee £235.00
MIF £1,320.00
Total Amount of Loan £15,697.43
And would also the above be a breach of prescribed terms ?
Thanks
They also state AIR% and not APR% - Is that correct ?
I have reviewed some recent statements and I have come across 3 different figures, one the Creditor advised was due to a IT hitch ?
My figures are :-
Amount of Loan / cash advanced £12,000
Total Cash Price / PPI £2,142.43
Amount of Credit £14,142.43
Acceptance Fee £235.00
MIF £1,320.00
Total Amount of Loan £15,697.43
And would also the above be a breach of prescribed terms ?
Thanks