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... but what about my loan?


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Hello everyone, I've spent a few weeks reading through all the information and am considering going for it. The main reason is for 4 years I was a student and so constantly toying with my overdraft limit - my list of charges would be very high.

 

However, I am a student no more and recently took a debt consolidation loan WITH MY BANK, the balance of which stands at £3,600.

 

Should I launch action to reclaim the charges, is there a chance the bank could cancel the loan and demand the money back? Because of my credit record I am not in a position to get an alternative loan with another financial institution. This is currently stopping me from launching a claim...

 

Thanks for any help and advice in advance!

 

Dave

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Hi and welcome, no your loan is a totally separate agreement! they cant touch it!:)

I QUESTION THEREFORE I AM!! [sIGPIC][/sIGPIC]

 

Unfortunately i'm not an expert in any given field legally and my advice and that of the Consumer Action Group and the Bank Action Group is given without prejudice and without liability so please if in any doubt whatsoever seek help from an insured qualified professional. Contents of my posts are purely my own personal opinions and not condoned or endorsed in any way, shape or form by CAG. Thank you! :p

 

 

I have been smoke-free for 4yrs

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