Everyday Loans Help!

[monkeymick]

Hi All

I'm tearing my hair out trying to deal with Everyday Loans.

I took out a loan with them in June 2012 for £3400, to buy a car. I was paying £279 a month for this quite happily, until I discovered that my wife had purchased items from a number of catalogues, and had applied for and run up 2 credit cards.

I immediately saw the repayments were more than we could afford, so urged my wife to speak to CCCS/Stepchange to sort the issue out. Stepchange contacted each of the creditors, who all (apart from Everyday Loans) agreed to reduce interest rates and accept reduced payments.

This has been trundling along quite nicely, but when I've looked at the figures, Everyday Loans have been paid in excess of £6000 (including payments before and after Stepchange getting involved) and are telling me that we still owe another £6000.

Does anyone have any advice on where to take this? Obviously I'm not happy at the prospect of paying well over £12000 back for a £3400 loan. Is there any way to negotiate a settlement figure, or can I write and inform them that as I've paid back the loan amount plus more than the agreed interest that I regard the loan as cleared?

Any help and advice will be more than appreciated..

Regards

MM

[Kafka]

Re: Everyday Loans Help!

You need to send then a Subject Access Request first, to get all the personal data they hold on you. Then we can see how they have bumped up the amount owed.

[okloansuk]

Re: Everyday Loans Help!

You should always read terms and condition carefully because lots of lender and brokers play with customers.

[nemesis45]

Re: Everyday Loans Help!

You need to send then a Subject Access Request first, to get all the personal data they hold on you. Then we can see how they have bumped up the amount owed.

I agree SAR asap. £10. 00 statutory fee payable the creditor has 40 days to comply there is a template in the forum library.

nem