It is well worth emphasising if you’d an undesirable credit score, particularly if it got even worse while you carried on borrowing from the home loan provider.
Its well worth emphasising in the event that you repaid some loans early since you borrowed more that month through the exact same doorstep loan provider. It is often called “refinancing” your loan.
In this situation you may possibly have compensated more in interest if you had just been given an extra loan because of the way the “early settlement calculation” was done than you would have. If it wasn’t explained to you personally by the representative (and I also bet it absolutely wasn’t!) you then paid more interest than you need to have.
It’s also well well worth pointing down to the Ombudsman because it was getting near to Christmas, or in August when you might need more money for new school uniforms, or because you had paid off a lot of a previous loan if it was always your agent suggesting you borrow more, perhaps.
A loan provider such as for instance Provident should have only provided you a loan in writing for it if you had asked them. The collector shouldn’t have sat at home and offered brand new loans. Therefore if this took place to you, mention it in your issue to your Ombudsman.
Send your bank statements and credit file
Deliver your bank statements along with your grievance. When you haven’t got them, deliver people you will do have and go about asking your bank for the remainder, then deliver those. Read more →