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curry credit agreement


denby87
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hi

 

i bought a TV from curry's on credit (£512)

 

i have been paying £25 a month for two years

 

i have just received a close of balance letter for £476.22

 

here's the breakdown

 

YOU BORROWED: £512

OPENING BALANCE INCLUDING FEES:£620

PAYMENTS AND OTHER CREDITS: -£308.88

INTEREST CHARGES AND FEES: £164,80

INSURANCE PAYMENTS: £0

CLOSING BALANCE: £476.22

 

Seems everytime i payed £25 i was only paying back £8 - £13 back

 

they also added 2 insurance charges in one one right at the start

 

08 JAN: OPENING BALANCE £620.30

07 FEB: PAYMENT £25.74

07 FEB INTEREST £13.76

22 FEB INTEREST £17.29

07 MAR PAYMENT £25.74

 

Etc

 

it also states buy now pay later loan , i was under the impression the payment would keep coming untill the full balance was gone

 

this doesn't seem quite fair, is there anything i can do?

 

thanks

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