just made the final payment on my ge loan this month it was 10500 over ten years

i now recived a letter saying your loan expired on march 2013 .

your outstanding balance is4202.61

and needs to be paid in the next 14 days if the balance is not paid your account will continue to attract interest.

they have rang me today demanding i must settle this outstanding balance and could do so on monthly payments

i told them i would have to get some professional help on the matter before agreeing to any payments

i asked what this outstanding balance came from as i made all the payments over the 10 years

even though i did have some problems along the way,

told me it was for late payments and interest over the loan period .

just wondering where i stand on this cos if i have to pay they will keep adding on the interest,

any help on this would be great

regards joe

have you got all the statements

their PENALTY charges are unlawful and can be reclaimed + the interest they have/are causing.

dx

yes i have all the statements just not sure where to go from here

joe

fill out the foscisheet

put their int rate in cell d15

put in EVERY PENALTY fees [late/over/letter/debtmanagement/dd refusal]

on a new line.

dx

hi,

still battling with ge not really getting anywhere,

usual 2or 3 phone calls a day 7 days a week over the last 16 month

when i chose to speak to them they still insist my outstanding balance is fair

even if they are all charges and int on charges which has now gone up to over 5000.

they also have issued me with default notice about 3 weeks ago,

letter of them today stating £30 added to my account for default notice

not sure where the default notice is going to lead, need some help on that one please.

i sent ge a sar two weeks ago because i am missing 4 statments ,received all the info back on friday

was a £10500 secured loan

the £500 was broker fee

,cant see any ppi on it but not studied it proper yet

got all the other charges their administration fee £40 a time

additional int £13 up a time

a few debt councling £47 a time never been informed off

i am going to try claim charges back before they have me in court and see where i go from there

got to study these foscisheets figure out how they work,

there is four which will be best one for charges,

when i sort that out i will get back to you for next step

i am aware ge seem hard one to crack but there have been some cases

where they have paid up,

my argument would be is it not the same law for everyone

i'd be using the CISHEET

enter their int rate in cell d15

enter every charge on its date

post the spread up when you are done

dx

thanks dx for fast replay,will get on to it tomorrow after work

hi just working on the fos sheet

been having problem with microsoft sorted now

not sure interest rate to use,

on the statements i have it is just showing monthly rate 1.083%

does that work out about 12.5 or more pr annum

just added credit agreement which is showing few int rates any advice please

..

not seeing the whole of it

you cant include interest listings

dx

[ATTACH=CONFIG]52297[/ATTACH]

hi dx sorry im strugling with the doc upload

about the interest i added it is addition int ge charg on top off the normal monthly int

think it is int on the administration fees,

i will do the fos sheet again leaving out additional int.

this statement shows some of the charges 173 in total including additional int

i have added up all the payments i made over the 10 year it came to £21566-49

the monthly payments were £169-76 times 120 would been £20371-20

so i have over paid £1195-29 and they still want just short of £5000 off me still

i still get all the phone calls 5or 6 times day ,

answer about one a week

only seem interested in me setting up payment plan,

when i refuse they are not very pleased

and ask why i refuse to pay

,i tell them their charges are unlawful .

ok dx and

anyone who helps me on here very appreciated joe

you either need to upload as a PDF

or

attach the .xls file directly.

if specifically you can see the additional int is labelled as that for arrears then you can include it

but not general int listings

dx

hi just try sending this again see if you can read it

that's page 4 only however

you include is the admin fees £40.

think im getting there slowly new to this but learning

still trying to find some information on the additional interest

lt started to show on the statements after the first late payment

first charge £1-95 17-5-2004 and kept increasing along the way

they are still adding between £48and £50 a month since the loan finishes in march 2013

mistake on date line 21?

if they are still charging interest so do you

change the claimto date box back to

=TODAY()

hi dx yes they still adding additional int to the account

i will sort the focis sheet out,

what do you think about the additional int should i add that as well.

i have done another fos sheet administration fees debt counselling and a few direct debit recall charges

also put the claim to box to today it came to £2333.36

what is my next best option. should i write to ge requesting refund off charges and removal of additional int from my account

what would be the best template letter to use

the interest the fosci calculates should equalish the additional int.

was this loan secured?

dx

yes it was secured loan i will check additional int again which they still adding on each month since the loan finished in march 2013 at about £50 a month

hi

this is all the statements and a fos sheet with administration fees only

may not be possible to read in file it were total off charges £849 compound int £1384.17 total £2278.17.

non off their figures ge have stated seem to add up

on one page its got current fees and additional int £2189.52

when i added up all the additional int charges it came to £3251.41

any advice would be great thanks great site im still reading and learning