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Extortionate credit bargains homeloan with oplo


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Does anyone have any experience with what constitutes an extortionate credit bargain? I cannot believe the terms of my homeloan with oplo can be legal 

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Home Loans | Oplo (myoplo.co.uk)

 

what didyou expect.

freedom finance in sheeps clothing.

 

why do you have to resort to using such fleecers? and why do you need the loan to be secured?

very bad move financially 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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The benefit of hindsight-so far I have paid them over 18k and just requested a settlement as I’m finally in a position to remortgage,  which is 4.5k more than I borrowed, despite paying 18k back! 

I took the loan out in 2017....

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god why did you goto them.. sadly they have you over a barrel, a secured one as well.

 

have you always made payments on time and never been late or anything..

have you the agreement to check they are correct upon the settlement figure?

typically you will find these fleecers charge interest on a monthly basis on the outstanding balance, tha'st how they make so much money out of you and the owed sum only goes down by a few £'s each payment as each month their interest is almost the whole sum of you £PCM.

 

dx

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Always paid on time, just couldn’t believe my balance had gone up! Made a complaint, they said not upheld so have gone to ombudsman for a view, but just wondered if anyone else had experience of whether their interest structure could constitute an extortionate credit bargain. Used them on broker advice...and terms of mortgage offer are really quite vague in relation to interest rebates on early redemption 

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broker got a nice backhander too then...

 

its not a mortgage it's a secured loan..so no early redemption rules could ever apply.

 

not much you can do sadly.

 

please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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Share on other sites

What about the interest structure? Surely they can’t say it’s on capital repayment even though I seem to have paid nothing in capital? 

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please don't hit Quote...just type we know what we said earlier..

DCA's view debtors as suckers, marks and mugs

NO DCA has ANY legal powers whatsoever on ANY debt no matter what it's Type

and they

are NOT and can NEVER  be BAILIFFS. even if a debt has been to court..

If everyone stopped blindly paying DCA's Tomorrow, their industry would collapse overnight... 

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  • dx100uk changed the title to Extortionate credit bargains homeloan with oplo

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