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This topic was closed on 03/08/19. If you have a problem which is similar to the issues raised in this topic, then please start a new thread and you will get help and support there. If you would like to post up some information which is relevant to this particular topic then please flag the issue up to the site team and the thread will be reopened. - Consumer Action Group
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Hi im not sure of the correct place to post this so sorry if its in the wrong place. Anyway, 2 years ago i took out a loan for a new kitchen for approx. £5600. I have paid £108 a month for the past 2 years and am up to date with all the payments, but have recently contacted the lenders for a settlement figure, which they say is almost £7000 (im not sure of the exact figures). I know they add interest but surely i cant owe them more than i originally borrowed?? I have already paid them over £2000 with the monthly repayments but i now owe them over £1000 more then the original amount!? Anyway, my question is, does anyone know if there is anything i can do about this, or do i just have to pay them the amount they say i now owe?
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