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Ash, Solicitor
Category: Law
Satisfied Customers: 10916
Experience:  Solicitor with 5+ years experience
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brought car for £8,426 on finance terms of loan 62 months

Customer Question

brought car for £8,426 on finance terms of loan 62 months signed documents with that amount when I checked my credit fileI found that my total payments paid was £19,815
loan on car was taken out in December 2008 and finish payments February 2014 on the 21 November 2012 my statement showed outstanding 5,037 PLEASE can you explained how can the charge so much interest. and is this legal exspecailly when it wasn't written down that I would be paying 11,389 I could of taken that money and brought a new car The in question is The Funding Corporation.
Submitted: 4 years ago.
Category: Law
Expert:  Ash replied 4 years ago.

Alex Watts :

Hello my name is Alex and I will help you with this. Please note that I am a working Solicitor and may be on and offline as I have to attend Court and meet with clients, even at weekends. As such you may not get an instant response when you reply as this is not an ‘on demand’ live service, but rest assured I will be giving your question my immediate attention upon return. There is no need to wait here, you will get an email when I reply.

Alex Watts :

Have you asked for a statement of account? Do you have a copy of the credit agreement please?