Elderbridge refusing acceptance of higher payment

[redstar]

HI Ive an Obudsman case with Elderbridge unrelated they increased payments but have refused to allow me to me to pay increase payment circa six pounds .. an excuse for them to charge interest is this legal ?? I have a case with Obudsman ie blance 6k for 8k loan taken in 2007 .. doesnt make sense why so high 3 missed payments in 2009 /2010 at Ge advice .. etc help they are going to charge can they refuse payment for increased payment

[pt2537]

HI Ive an Obudsman case with Elderbridge unrelated they increased payments but have refused to allow me to me to pay increase payment circa six pounds .. an excuse for them to charge interest is this legal ?? I have a case with Obudsman ie blance 6k for 8k loan taken in 2007 .. doesnt make sense why so high 3 missed payments in 2009 /2010 at Ge advice .. etc help they are going to charge can they refuse payment for increased payment

Under the Consumer Credit Act 1974 you have the right to early settlement of a loan agreement, so i see no reason why elderbridge will not accept higher repayments. If youve complained to the ombudsman then thats the right first step

[redstar]

Elderbridge said they increased payments but wont increase dd refuse to let me pay increased amount .. a tactic to charge missed payment interest have fos complant ongoing

[redstar]

IVE rejected fos on Elderbridge so with Obudsman who have opened case on GE money this has been dragging on ..apparently this is why Elderbridge wont acknowledhe my right to pay increased dd .. so we all know they will charge for late payments Help how can this be

[carsdanny1]

Hi
I am new to this site but i too am disgusted at the interest rates Elderbridge / Firstplus are able to charge ... Been paying around 9 years and still owe around the same as i borrowed ? Can this be correct ??

[redstar]

I've gone through the fos published upheld complaints re Elederbridge they are all same hiding charged interest etc fined small amount yet no change are they in someones pocket .. wonga did less yet were nearly wiped out yet fos has upheld complaints ..for Elderbridge not to change and keep going .. legal loan sharks bullying ill depressed etc squeezing every penny out of homes worth nought and noone helps whats going on they breech a fos 2009 ruling re legal charges but don't have to pay them back .. its wasn't their loan at time really if they were missold books thats their affair they want the pie without checking ingrediants and are responsable .. why no press about them loans over or same amount on balance when due to finish .. something stinks