I took out a bank loan to cover and consolidate some old debts and also pay off an overdraft which they were demanding to be paid off in one go if i didnt take out the loan to pay it off, however due to a change in situation I was no longer able to make repayments as agreed in the terms. I have since found out that the loan was classed as a home improvement loan. now at the time I didnt own a home as I lived with my mum, it looks to me they did this to get the loan approved. I do not own a home currently as I rent. Can they get away with this and have they mis sold me the loan?
2007-08-21
00:00:07
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12 answers
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asked by
Paul S
5
in
Law & Ethics