Z
zoid
Guest
Ok so i got in a large mess a few years back and had approx 13K of debt (personal loans/cc that got out of hand) combined into one debt with the banks solicitor. Court order ruled I had to pay back €500 per month which i have been doing since last august. Got a letter from the sol today saying their client wanted to discuss settlement as even though id been paying off €500 per month there was "interest" accruing fast on the debt! Where did this interest come from? It was never mentionned on statements i asked for on the make up of the debt last year...Do I have a right to know what this interest is and why wasnt i told about it before? Also are they likely to consider a settlement for less then the total outstanding to get rid of me?
god how i hate paying that 500 a month I will never get a loan for anything other then a house again!
god how i hate paying that 500 a month I will never get a loan for anything other then a house again!
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