Took out a loan in Aug 2005.
Have asked for early settlement figure.
They've quoted Consumer Credit(Rebate on early settlement) regulations 1983..
Does this loan fall under the 1983 regs? I think I read somewhere that loans prior to may 2005 were covered by 1983 regs.
When do 2004 regs come into effect?
What are the differences in the working out of settlement figures?
1983 v 2004 regs which is better financialy for the consumer.
hope that all makes sense .....:?