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Re: Everyday loan
Hi
I wasn't having a go, I know how easy, in a blind panic, it is to write just the info that sticks out but the other info us important.
The difference between interest rates could be that 87.9%is the basic interest rate and the Apr is higher because of the way interest us added and how you pay it off however it could as you say, be because of the new repayments.
From what you have written it seems they have varied your agreement and increased the term of the loan which I think is a bit naughty. Did you sign a new agreement?
The total future payments seem incredible at the rate you are paying and you seem to be stuck in a cycle of debt.
[MENTION=87380]Diana M[/MENTION] [MENTION=551]pt2537[/MENTION]
Does this seem fair or legal?
Hi
I wasn't having a go, I know how easy, in a blind panic, it is to write just the info that sticks out but the other info us important.
The difference between interest rates could be that 87.9%is the basic interest rate and the Apr is higher because of the way interest us added and how you pay it off however it could as you say, be because of the new repayments.
From what you have written it seems they have varied your agreement and increased the term of the loan which I think is a bit naughty. Did you sign a new agreement?
The total future payments seem incredible at the rate you are paying and you seem to be stuck in a cycle of debt.
[MENTION=87380]Diana M[/MENTION] [MENTION=551]pt2537[/MENTION]
Does this seem fair or legal?
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