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1wrreno
Guest
I've a variable rate car loan with GE Money that I got through EBS that I want to pay off 15 months early: is it right that they are insisting on charging me the interest as well as the capital that I would have had to pay them for the next 15 months? I thought if you repaid a variable loan early then you only repay the outstanding capital amount?
Not only that, but they are also trying to charge me an extra 200 Euros for the difference between the interest rates when I took out the loan (2006) and now; however when quizzed on this and when I pointed out that interest rates are now lower than they were then he couldn't give me an answer. I'm waiting for their complaints department to revert but was wondering if anyone else has had any similar experience with this crowd?
Not only that, but they are also trying to charge me an extra 200 Euros for the difference between the interest rates when I took out the loan (2006) and now; however when quizzed on this and when I pointed out that interest rates are now lower than they were then he couldn't give me an answer. I'm waiting for their complaints department to revert but was wondering if anyone else has had any similar experience with this crowd?