Musicman
Striker
I have read this and I am gobsmacked, they are nothing short of being crooked moneylenders. This is absolutely disgusting surely they can’t do thisHere’s one for you. I have a car loan with VW. I pay £325 a month. I applied for a car loan holiday and eventually they agreed so I’ve missed three months payments or £975.
They’ve just e mailed me at the weekend saying that from next month the holiday is over and they payments are increasing to £385 a month. 25 months to go on the loan.
So, that’s an extra £1500 to,pay.
If I don’t like it I can repay the £975 immediately.
They have given me 5 days to sign the new agreement or they will take the £975 out of my bank account by direct debit.
How is this supposed to help the customer ? I’m wondering if it is even legal. So in effect I’ve either had no car loan holiday or I have and am having to pay an extra £60 a month for the pleasure. I’ve got till tomorrow to let them know what I’m doing.