Jump to content


Direct Line - V - davidp


davidp1948
style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 6376 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

Can anyone help please? I am being sued by Direct Line for the full value of the uncollected monthly payments on a five year (unsecured) personal loan after I fell behind with my installments.

 

Clause 4 of my agreement with Direct Line states: If you fail to make any of your monthly repayments on the date agreed, we will be entitled to charge you interest on the overdue amount on a daily basis from when we should have received the payment until we actually receive it. this is called "default interest". Default interest will be charged at the rate which applies to this Agreement. We may also decide to end the Agreement and demand immediate payment of the whole amount of the Loan, together with interest, applicable charges and costs.

 

Direct Line did end my agreement with them and their claim is for the full outstanding amount.

 

My question is: Do you consider the last sentence to be a penalty clause/penalty charge? As it does not refer to Direct Line recovering their liquidated damages from me. In fact they state that they will recover all the uncollected payments - which also include PPI which I understand they should give me a rebate against.

 

Your views would be most wellcome.

 

Thanks davidp

Link to post
Share on other sites

  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...