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unsecured loans---changes to terms/conditions
I have just received notification from my lender introducing new charges and terms to an EXISTING unsecured loan with effect from 01/01/2005.
Although I am unlikely to be affected by these, nonetheless is it legal to make alterations midway through a loan term?
Answers
No best answer has yet been selected by ianess. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Is this the `thought police` taking over?
Since when was telling the truth considered defamatory?
And what do they have to fear?
Personally I find it offensive that agreements entered into in good faith can be manipulated by one side and the `offended` party must sit back and meekly accept the situation.
Hgrove......thanks for the reply.
I must add that in my original question I did name the financial organisation [a well-known High Steet Bank], and that seems to have upset someone at AB.
I do not in any way, shape, or form, consider that by stating the truth.......as put out by snail-mail to all their clients....I can in any way be considered as defaming them.
They may be upset at the fact that something is in the public domain but why the hell should we just let them get away with it, even if it is legal?
Come the Revolution?
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