default

[zodiac]

;Hi nid

just two questions

My oh has been defaulted about four months ago on a bank loan and it says they will be adding interest at a daily rate.Which they are doing Is this correct as i thought all interest would be stopped.

Received letter today saying your account has been closed, balance been transferred to us for collection. So my question on this is can they still had interest now the account now that it has been closed.

I think this is enforceable as was done over the internet aug 07

We are paying a token payment every month

i will be sending a cca reguest tomorrow.

i do have the t/c if you need to see it, its one page

[Never-In-Doubt]

Re: default

;Hi nid

just two questions

My oh has been defaulted about four months ago on a bank loan and it says they will be adding interest at a daily rate.Which they are doing Is this correct as i thought all interest would be stopped.

Received letter today saying your account has been closed, balance been transferred to us for collection. So my question on this is can they still had interest now the account now that it has been closed.

I think this is enforceable as was done over the internet aug 07

We are paying a token payment every month

i will be sending a cca reguest tomorrow.

i do have the t/c if you need to see it, its one page

Hiya simple answer, they can and will do it if they stated this on the default notice, which is usually in one of the 2-3 points they add..... if so then it is perfectly fine. However, when they terminate the agreement then the balance should be static.... make sense? You should see this for a working example: ---> viewtopic.php?p=114#p114

[zodiac]

Re: default

cheers nid,
yeah its makes sence

[Never-In-Doubt]

Re: default