I took out a loan for £8,000 last year with northern rock. I was checking my credit report and the balance was over 11k! Unlike any other loan i've ever had, they show the amount borrowed plus interest in the balance. I should've noticed this when i signed the papers, i feel it's very unfair as anyone viewing my credit file sees this balance which if i payed the loan off early would not be the amount listed.
I had a £20,000 loan with NR once I had defaulted, they immediately demanded £30,000 for the interest too and then they went straight for a CCJ for a forthwith judgement of £30,500!!!
Sneaky Northern Rock
Posted - 14 January 2009 : 16:47:04
once I had defaulted, they immediately demanded £30,000 for the interest too and then they went straight for a CCJ for a forthwith judgement of £30,500!!!
