Loans2Go’s rate of interest – “outrageous” – how-to complain

Loans2Go’s rate of interest – “outrageous” – how-to complain

Inside the January, your readers informed me regarding the a loan he had for ?650, having 18 month-to-month money out of ?147. That it results in an entire installment of ?dos,650 – an eye-watering number and most fourfold what the guy lent.

In the beginning I thought it was most likely taken out in years past. In fact, it had been borrowed in the late 2018 of Loans2Go.

Loans2Go provide logbook finance, but this post is only about the practical personal loans. We have upgraded this short article with information on which the Monetary Ombudsman considered one of these money.

  • is for wide variety ranging from ?250 and you can ?1,000;
  • the enjoys an enthusiastic 18 week identity;
  • there was a set Annual percentage rate from 990%.

Loans2Go’s rate of interest – “outrageous” – just how to complain

The fresh new offer a lot more than is for each week repayments. Read more