L
lamu
Guest
I took out a variable rate loan of 21500 in July 2007 from PTSB. the term was 60 months, and the monthly payments were 436.97. It is only now, 53 months later, that I find the balance to be 4300.90 - just under 10 months payments , without the monthly interest of about 40 to be taken into account. At no stage was I informed that the interest rates were going up so exorbitantly, and I had no reason to look into it as the ecb rates are a quarter of what they were when I signed up, and have been for the majority of the loan. At this rate, they can choose to increase the interest rate so much that I never manage to pay it off. Do I have any comeback ?