Marc Gander - The Consumer Survival Handbook


A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.

£6.99



Patricia Pearl - Small Claims Procedure - A Practical Guide


An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)


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  1. #1
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    Default Sunny - Early Settlement Fee

    Hello all.

    Due to ill-health and being self-employed, I had to resort to getting a Sunny loan to make ends meet for a couple of months.

    All fine, but am back working so wanted to clear it in full, so called up yesterday asking for an Early Settlement Fee and was told I had to pay the full outstanding amount for the period of the loan. I thought that was odd, but paid it in full nonetheless.

    After a bit of research yesterday, I came across the consumer crediticon Act (Early Settlement) 2004, which in my feeble brain seems to purport that I shouldn't have been charged full whack to clear the loan and have had the future interest taken off. Or something...

    Would anybody be able to shed some light on that please?

    Many thanks in advance, as always!


  2. #2
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    Default Re: Sunny - Early Settlement Fee

    I'm not familiar with these regulations. Maybe somebody else will come along who is. However, I would write a letter to Sunny and point the regulations out to them and tell them that you want a reply about it. Tell them that your letter forms the first part of a complaint to the fosicon and they have eight weeks to respond to you.



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  3. #3

    Default Re: Sunny - Early Settlement Fee

    Interest is charged daily on pay day loansicon.


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  4. #4
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    Default Re: Sunny - Early Settlement Fee

    Thanks guys. Should that make a difference to me, Andy, if I'm writing to them?


  5. #5

    Default Re: Sunny - Early Settlement Fee

    There is no early settlement rebate applicable to pay day loansicon

    We could do with some help from you

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