Blackhorse personal loan problems

[Marcg868]

Basically i took out a personal loan for a bike back in 2008 for £2500 over 36 months at 86.11 per month taken on the 1st at 18.4% APR. Now back in 2009 I had to stop working due to illness and obviously i missed about 3 months payments. Now when i commenced payments again I requested to change the payment date to the 16th of each month and they said yes thats fine.

Now the loan should have come to the end of the agreement this month. Now i know there would be some arrears due to these missed payments and the £30 charges that go with these plus the interest. And it works out taking into to account the missed payments etc i owe them £400 and odd pound in payments and charges.

Now i just received my June 2010 to June 2011 statement and its saying my total balance is now £944. Now looking through the statement, for every payment on the 16th of £86 the following day I'm being charged £15 for late payment plus interest.

Now because these statements are only 6 monthly i have only just picked up on this. As my last statement didn't show these and the balance looked right.

So is it me who's fucked up or is Blackhorse for not updating their system and the agreement for the payment date change.

Advice appreciated.

Cheers

Marc
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JACK, MISS YOU LOADS YOU LEGEND.

[P.]

You fucked up for not paying... they rape you silly if you miss a payment.

I borrowed the same, I had about 4 months out of work... its taken me another 6 months to get it back where I was before losing my job

[pinkyfloyd]

From the looks the computer didnt update so its Black Horses mistake.

Proving that is going to be the downfall though because all you have is a blokes say so on the phone line and nothing in writing so the chances are you'll be the one out of pocket and have to pay it.
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illuminateTHEmind wrote: I am just more evolved than most of you guys... this allows me to pick of things quickly which would have normally taken the common man years to master
Hockeystorm65:.well there are childish arguments...there are very childish arguments.....there are really stupid childish arguments and now there are......Pinkfloyd arguments!
Teflon-Mike:I think I agree with just about all Pinky has said.

[GSTEEL32]

You need to sort this out sharpish. On your credit report, you'll currently be showing a "late" payment since you thought it had changed to the 16th. In order to rectify your credit rating, you must get written confirmation payment is due on the 16th, not the 1st.

When you changed to the 16th, they should have sent some documentation highlighting the changes. Your right,the bank think its ok to move payment dates around, but without docs to support it, you'll not get your £15 refunded for every month they've charged you.

Finally, with a black horse loan, I'd be very surprised if they didnt chuck in a free 3 month payment holiday anyway. Doubt you could have it applied retrospectively, but worth a shot anyway.

I'd double check the small print on your balance as well. Its usually not what you've got left to pay in total, it's usually the amount of capital left to pay before interest. Thats why this figure stays roughly the same for the first half fo the loan period, as you pay the interest charged first, then the capital afterwards,

[sickpup]

Do you pay by Direct Debit?

[thx1138]

when you notified of your wish to change payment dates, did you do it over the phone? Did you get any sort of reference number, confirmation letter, or confirmation e-mail?

[Pete.]

I've found black horse to be one of the better lenders. Write them a letter telling them you arranged a change of payment date and want the penalties removed.
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a.k.a 'Geri'

132.9mph off and walked away. Gear is good, gear is good, gear is very very good

[duhawkz]

I thought these type of company recorded calls, it might be worth requesting a copy of the call as proof that your requested the payment date changing that they agreed to do it
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"The guy is a worthless cunt and I honestly believe I would be a slightly happier person if he died." - Chris-Red

[The Shaggy D.A.]

I've found that usually when changing the payment date they want the next month's payment early, not let you make the payment later. I had this when I wanted to move a payment date from the 28th to the 1st - they took a payment on the 28 AND the 1st.
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[Nexus Icon]

[The Shaggy D.A.]

Principle is the same, if you normally pay on the 5th and want it moved to the 16th, they'd just be moving the NEXT month's payment due on the 5th to THIS month's 16th.
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Chances are quite high you are not in my Monkeysphere, and I don't care about you. Don't take it personally.
Currently : Royal Enfield 350 Meteor
Previously : CB100N > CB250RS > XJ900F > GT550 > GPZ750R/1000RX > AJS M16 > R100RT > Bullet 500 > CB500 > LS650P > Bullet Electra X & YBR125 > Bullet 350 "Superstar" & YBR125 Custom > Royal Enfield Classic 500 Despatch Limited Edition (28 of 200) & CB Two-Fifty Nighthawk > ER5

[Nexus Icon]

[Fairies attack]

I have always found them to be excellent with late paymets and such when I was in trouble.
I got a few months behind with mine last year due to changing working hours. Instead of trying to pay the £112.84pm I decided to pay £50pw amd by the time I lost my job in feb, I was 2months a head, so when it came to payment protection and sorting that out, everything was fine.

Just give them a call and they should sort it.

[ScaredyCat]

[grr666]

[-]

Cathdoesloans.com is the worst company to go to even if you were in the US, wanted to borrow in $ and were willing to pay the up to £2,290% APR rate.

They also need to change their Web SEO provider service providings, providings...
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[Polarbear]

Only up to $1000 you tight arsed shyster? How am I going to fund my holiday to Vegas and my gambling addiction on $1000.
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[Rogerborg]

18 spam ratings + how many enemies, and still extant. Why bother?
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[stinkwheel]

Hadn't seen this. I don't read everything.
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[Commuter_Tim]

[thx1138]

Help the slow witted out here.

did scaredy cat just turn into a forum necromancer?

[Commuter_Tim]

[thx1138]

oh, okay, thanks

[Williboss]

It's so weird that the whole discussion started again after 5 years...
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Brown.

[bernier_janet]

The spammer are not sleeping. We are waiting for the link