Santander Consumer Finance

[BizB]

Morning All,

 

Just joined this site and need some advise, currently getting too much stress from Santander.

 

I signed a hire purchase agreement in 2005. Cash price for the hire purchase was £26395, I put down a deposit of £6600, total charge for credit was £4586.20 over 48months, Credit facility fee £150.00 and a completion fee for £50 ( It seems they had included the credit fee and completion fee as part of the loan unsure if this is the norm)

Rate of interest on credit 5.5%

APR 11.1%

Amount of credit is £19795

Total amount payable on the agreement is £30982.12(I dont quite know how this has been worked out) considering the repayments are just over £500 for for 47 months and 556.90(final payment).Have I been conned somewhere along the line by Santander??????

 

I've read through so many discussion and still confused on whether this agreement is challengeable. I have just completed the CCA request but waiting for advise before sending it (so that I dont make a complete prat of myself with the creditor)

Need Help on steps to follow

Santander.doc

Edited January 8, 2009 by BizB
Adding an attachment

[flyingdoc]

HI

 

Please scan and post the agreement here if you have it - if not CCA and post (remember to clean personal data but leave all financial figures in place)

 

Thanks

 

FD

[BizB]

thanks will do that now

[BizB]

Credit agreement has been attached

[BizB]

HI

 

Please scan and post the agreement here if you have it - if not CCA and post (remember to clean personal data but leave all financial figures in place)

 

Thanks

 

FD

 

 

Credit agreement has been scanned on

 

Thanks

[ReasonableRon]

Don't forget that the total amount payable includes the deposit that you paid at the outset. If you work it back from there is does tally up with your total payments.

[BizB]

Thanks