A colleague told me that in 97/98 he was granted a loan of 90k for home repairs. He drew down only 10k but was charged interest on 90k. He called the bank who said this was in line with the small print on their contract, which it was. So my colleague then asked for the other 80k and was denied it. They finally agreed to put the remaining 80k in deposit.
Has my colleague any comeback on this? Surely he shouldn’t have had to pay interest on the 80k?
Has my colleague any comeback on this? Surely he shouldn’t have had to pay interest on the 80k?