Hello,
I am in the process of setting up DMP for my payday loans.
I have had a reply from Text Loan advising I would owe £554 instead of the £350. What should I do?
The email as follows:
Dear Richard,
Thank you for contacting us.
If you require a repayment plan for a period of time exceeding the 60 days of our credit cycle, the full overdue balance to be repaid will be £554, which is fixed as after 60 days the interest and charges are frozen.
We are prepared to accept £15.95 monthly payments. Please be so kind as to provide the exact dates we can debit your card, or set up a standing order.
--
Kind regards,
Adrian Young
Client Account Manager
Any ideas of what I should do? Should I just pay the £550? Or shall I contest the amount?
thanks