You need to be finding a refund of ВЈ150 in the early in the day loans. The final loan had been for ВЈ250, you didnвЂ™t make any re re payments together with stability happens to be ВЈ470 with a financial obligation collector.
right right Here the interest is eliminated from the stability, bringing right down to ВЈ250 вЂ“ everything you borrowed. Your ВЈ150 reimbursement is employed to settle a number of this. This leaves a balance that is remaining become compensated. This might feel just like a disappointing outcome while you arenвЂ™t getting any money, however itвЂ™s a huge enhancement on owing ВЈ470!
Example 5 вЂ“ only 1 loan
You borrowed ВЈ250, have paid back ВЈ70 and owe the financial institution a balance of ВЈ360.
right Here the attention is removed through the balance so you simply need certainly to repay that which you borrowed, so that itвЂ™s paid off to ВЈ180. This really is a вЂњfull refundвЂќ вЂ“ you wonвЂ™t get any longer by visiting the Ombudsman.