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Hi

 

friend of mine has a loan for £2000 over a 2 year term total amount including interest is £2640 no PPI and has made 10 monthly payments but lost his job so cannot afford monthly payments and has defaulted, bank now threatening to take him to court, if they take him to court can they ask for the full term amount left which is £1540 or should they just add the interest up to the date of a court hearing.

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All depends on the T&Cs of the agreement Tinks.

 

Andy

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Hi Tink

 

Is this a continuation of this thread ? :- Dca adding 8% statutory interest to old ccj, anyone know the law on this please

 

Regards

 

Andy

We could do with some help from you.

PLEASE HELP US TO KEEP THIS SITE RUNNING EVERY POUND DONATED WILL HELP US TO KEEP HELPING OTHERS

 

 Have we helped you ...?         Please Donate button to the Consumer Action Group The National Consumer Service

 

If you want advice on your Topic please PM me a link to your thread

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