swift excessive interest

[peugeott16]

hi after reading a lot of the threads on here about this company i thought i would ask a question

 

i took out a loan long time ago

when i lost my job i missed a few payments (my fault i suppose for telling Swift)

 

after a while they sent a man round to discuss this (that or the house gone),

they sorted a payment plan for the arrears which i paid to the end of the term BUT they say interest has accumulated to £xxxxx and would need a payment plan put in place which i did (no house if not)

 

now 2 years down the line i still owe interest so to avoid the house been taken i agreed to pay £170 a month for 5 years

(thought this the best way than court and taking the house)

now i want to know is this lawful and is there anything i can do,

 

i know they kept charging monthly fee of £60 for account fees an this is where they say the interest is from and the interest for the months i did not pay

 

its now going to cost an extra £10200 in interest and who knows what they will come up with in 5 years (they say thats it)+ the last 2 years at £150 a month

sick of pay pay pay 

 

where do i stand, i notice people say about send an SAR how do i do this and will it get me anywhere

 

[dx100uk]

1stly stop falling for the threats of losing your home..all hot air.

 

you would have been charged for that debt management visit 

you would have been charged arrears/letters/phone/failed DD / it raining today (your Fault) fixed sum penalty fes.

all of these are reclaimable at their int rate

but you need all the statements

hence the need for an SAR to get them.

 

dx

 

[peugeott16]

thank you for the information, i am going to do an SAR

 

once i have the requested documents what would the next stage be

thanks

 

[dx100uk]

you'll then start a complaint about the unlawful fees of £XXX + the interest of £XXX they have caused.

 

plenty of reclaiming threads here on CAG.

 

dx