Hitachi capital

Having just carried out a bit of a financial spring clean I have noticed that Hitachi capital are still taking money from my bank account via direct debit despite the term of the credit agreement expiring nearly 12 months ago. I am going to call hitachi on Monday morning to request that they pay the money back ASAP. However will I also be able to claim the interest that I would have accrued over the last 11 months?

Comments

stephane_2 Posts: 3,076 Forumite

Are you sure. How is that possible. Is that a joke. How can you not notice it for the last 11 months.

jonesMUFCforever Posts: 28,898 Forumite

First Post

Are you sure it is not a buy now pay later type of loan? Andy819 Posts: 4 Newbie

@stephane no joke although thanks for the patronising tone. I've recently returned from a prolonged period away from home in a very sandy place and have only just got round to looking into my finances whilst readjusting to life at home.

Andy819 Posts: 4 Newbie

@jonesMUFCforever. it is a buy now pay later but it was 0% over 36 months. The first payment was taken 03/03/09 so it should have finished 03/03/12. Naively I just expected them to stop taking the money once it had all been paid off. Steep learning curve I guess.

jonesMUFCforever Posts: 28,898 Forumite

First Post

Did you take out any kind of insurance with the loan or have you missed any payments meaning the interest has kicked in?

Andy819 Posts: 4 Newbie Nope. It's been paid every month on time. Apples2 Posts: 6,442 Forumite

I would be surprised if the money was going into an expired account.

You'll most likely discover some mystery problem occurred with the last payment so now you are about half way through the interest paying agreement.

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