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mashmallow

Harvey & Thompson Payday Loan Increase Charges

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My partrner has a loan for £400 and they have been charging £15 per £100 for rolling over. Now they are increasing their charges to £20 per £100, can they do this and how can we deal with this loan in order to clear it insted of paying charges every month, we cannot pay the £400 outright. Any advise would be apprecaited.

 

Regards

 

 

Mashmallow

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HI, am not sure, but I would explain that you cannot repay the debt in one go and would like to repay (for example: £100 off the capital for 4 months) with the agreed interest rate or interest frozen...

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