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HELP 1month payday loan and their standard interest??? 2x£270???


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Hi,

 

has anyone been able to set up a payment plan with 1month.

 

Original Loan Amount: £450.00

 

Initial Interest: £135.00

 

Further interest added (as a result of default or entering onto a repayment plan): 2 X standard interest: £270.00

 

TOTAL BALANCE REPAYABLE: £855.00

 

How can they justify this added interest after I have mention I have hit serious financial hardship as they are not the only one I have a loan with? No-one else has done this?

 

Help please how do I counter this?

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I'd ask them to explain it, see exactly how they break it down. For now, just pay the initial loan plus interest and go from there. They would have a VERY hard time explaining it in court.

Any advice i give is my own and is based solely on personal experience. If in any doubt about a situation , please contact a certified legal representative or debt counsellor..

 

 

If my advice helps you, click the star icon at the bottom of my post and feel free to say thanks

:D

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