Hello there, I was just wondering if anyone out there had any experience of the above. My mother has just had her latest statement from such a product and from the initial £25k she released the total amount now owing is a whopping £63.5K. The interest rate at that time was 7.55%. My sister and I are looking into ways to get rid of this but the most annoying thing is that they are asking for £7,600 in early repayment charges!!!!!! Obviously we've got some delving to do and I havn't seen the original paperwork yet, but I was hoping maybe someone can share their experience on these products. Many thanks in advance.
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