Hi
I have recently heard about having loan written off due to varies things wrong with the CCA. I acknowledge I have the dept with intelligence finance on a fixed sum loan agreement and I still have the original customer copy of the loan agreement. Well according to the agreement I had 10,000.00 in cash and a further 3,819.20 for insurance making the total loan amount 13,819.20 at 60 months payment of 268.40 at 5.9% APR with annual interest of 5.95%.
Well using various loan interest calculations online using the above details show me that I’m paying £1.88 to much a month resulting in total payment £112.80 to much. I have been looking in to having this sorted out with them but reading various topics on this forum I believe I’m in the right to maybe fight to have this dept wrote off. I’m still paying my monthly installments of 268.40 and haven’t missed any payments since this was taken out on 19th April 2006.
What should I do, use the CCA request form and hope they can’t find a signed copy and take it from there or should I get legal advice to fight my corner using my original copy of my CCA to see if my interest has been calculated wrong.
I’m finding it hard to mange finance at the moment as I have just graduated university so any savings will help.
Looking forward to your replies
Thanks