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capquest/slc arrears and £36 p/m intrest


doomsponge
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im currently paying capquest £50 a month for £323 worth of arrears. fair enough.

 

 

ive just discovered that slc are adding £36 worth of intrest on each month.

instead of paying this debt of in 7 months in will be more like 24,

as effectivly im only paying £14 p/m to the debt.

is this allowed? .

 

 

is there anything i can do to get these intrest charges dropped,

or even refunded as ive been paying £50 p/m for quite some time now.

 

cheers guys

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What is the debt for ? Are there any excessive charges you can reclaim back ?

PLEASE NOTE - I am not a legal expert, what is stated is my own opinion and from what I have learnt from this forum and my own experiences.

 

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  • 4 months later...

hi there this is a bit of threadnecromancy!Q

 

Going thro my finances i have discovered that for a £500 debt from the students loan company,

 

 

i have paid £1700 thro capquest and still have £252 still to pay.

 

 

They have been adding on an intrest/penalty charge of £36 per month.

 

 

When i only pay £50 per month, so in fact i have only been paying £14!!

 

IM a litle miffed that i i have paid the original debt 3 times and there is still half to go.

What can i do?

Is this too much inetrest and if so how do i claim it back?

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