Compound interest

[leemoe]

We took out secured loan with first plus for 15 year and recently received letter stating we owe 22k when I was expecting a lot less they said compound interest has been added and charges for litigation of 700 pounds as we fell in areas a while back since I believe we caught up Elderbridge now has the loan .. I don't know where this compound interest has came from as I would never take a loan out that includes compound interest I believe been paying this loan now for 13 years .. can they add compound interest in the letter they said it was stopped while in difficulty but now added.
Thanks in advance for any advice etc.

[Amethyst]

Would you have a copy of your agreement ?*

If not write and ask for a copy - under the consumer credit act 1974 if it was a personal loan.

also send a subject access request to elderbridge.*

Do you recall how much you were to pay a month and over what term originally ?