Hi
I've had a loan with Lloyds tsb since 0ctober 2006 of which I am currently still paying. Now when I went to one of their branches, they offered me consolidate a Barclays careers development loan with my Graduate loan which came up to £22,457.30. Total with interest £26,485.20 at the rate of 6.9% now they added LLP insurance (Loan for Loan Protection insurance)of £5,148,30 which I did not want, and that has it's own interest at the rate of 6.9% over a period of 60 months. At the time I thought I would paying Total of £26,485.20 but I now realise the Total for the Loan including LLP over the period of 60 months is £32,556.60 and the monthy payments are £542.61 everymonth which is a struggle. So far I have manage to pay 25 payments.
Question is there a way of challenging this? or would it be easier to go with no win no fee lawyers who charge 25% when all is done? Please Help
Thanks in advance.