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Logbook loans (loans to go) i sold my car advise required asap


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Hi anyone who has any ideas on this subject. right i took out a logbook loan in sept 2012 for £1000 i then sold the car jan 2013 with every intension of clearing off the loan april , i phoned loans to go last week to get a settlement figue and they say i owe nearly 2k to settle. i only sold the car for £1400 ,i have been paying 160 quid a month since sept. i need to know if there is anyway of negotiating an early settlement, what if i file bankruptcy ??? i want these of my backs asap but i dont have 2k

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  • 4 weeks later...

From my calculations the total amount payable over 24 months would have been £3400ish less what you paid so far leaves about £2200ish, this is the amount to pay if you paid every month not a reduction of the intrest. I would challenge them to provide you with a settlement figure showing the reduced intrest. Take if from there.

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