Taken to Sheriff Court in Scotland.

[bsia666]

Hi folks,

I have defaulted on a loan from Sept 2020. The original loan amount was over £380, the 1st repayment was just over £20, I made a total two payments of £120 and £175 and no more, the original company sold it on,  they then sold it on, and it was sold on twice more.

 

I am being sued in Glasgow Sheriff Court by the current dept holder for over £1400, I have three weeks to send in my Simple Procedure Response Form 4A.

The duration of the dept was 70 plus weeks.

APR is over 1200%

 

The rates of interest which apply to the credit agreement . . .

Interest is charged at a simple fixed rate of just over 200% per annum the amount of credit for the term and is applied to the account, in full at the commencement of the agreement. 

 

Any help would be gratefully received especially a defence against the astronomical interest rates.

 

Thanks.

 

Edited December 14, 2021 by dx100uk
added A few blank lines only..dx

[dx100uk]

please complete the above

 

dx