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secured loan help


lynn74uk
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i see they have now stopped charging mortage indemnity fee

I WONDER WHY HEE HEE

 

SO WE HAVE A LOAN OF 20,296.17 0VER 300 MONTHS @12.87% APR

 

BEFORE I DO THE FIGURES MAY I ASK WHERE THE EXTRA £296.17 CAME FROM ON THE £20 K LOAN

 

SEEMS AN ODD FIGURE

 

WHY NOT A LOAN OF 20 K OR 21 K

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For The Figures Ive Rounded The Apr Up To 13%

 

It Gives A Monthly Repayment Of £216.29

Interest £44,589.91

Total Payable £64,886.08 (that Is Criminal)

 

We Now Add On Acceptance Fee £235.00 To Give A Total Payable Of

£65,121.08

 

Devide By 300 Months Gives A Monthly Figure Of £217.07

 

Remember

 

Ive Done The Apr To 13 % But On A Figure Of £20,296

 

Ive Missed Out The 17 Pence

 

So The Figure Will Be Very Close

 

I Smell Undeclared Commission Payments Again

 

Now Doing The True Apr On Welcomes Own Figures

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I am assuming by the payments worked out on my post i can use the same letter as you are going to present to lynn, if you can have a quick look for me when you have a min post thanks x

 

my post is here :

http://www.consumeractiongroup.co.uk/forum/welcome-finance/228244-welcome-woes.html

 

and a little bump up for lynn too :D

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I recieved a default notice from welcome an need to put the account in dispute asap

 

Sorry lynn. Thought you would be well looked after by now. Some people are away enjoying a well earned rest at the moment. I am sure they are confident you have lots of time and no need to panic, or they would have been more proactive before their Sabbatical.

 

If you can post up the Default Notice it would be most helpful. If it is anything like the ones a few of us have received recently then it will be defective, and a `Defective Default Notice` is a Very powerful weapon for your arsenal.

 

There is a letter for your situation, hopefully posted below. But please hold off until we see the Default Notice. Don`t give them any sort of heads up if you don`t have to.

 

http://www.consumeractiongroup.co.uk/forum/general-debt-issues/132160-really-confused-3.html#post1454421

 

The letter is courtesy of pt2537. Read it and see if it is relevant to you?

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Hi i have posted these on now....The date on the letter says 3rd April which is a saturday both me and my partner got the same letter but we didn't recieve it until saturday 10th April so theres 7 days gone already didn't know post could take that long to be delivered.

Any help appreciated...

Thanks

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