
News
Finance company to refund 1200 customers
Friday 15th of February 2008
The finance company, part of the Allied Farmers group, charged some customers an "unreasonably high" repayment fee when they repaid their motor vehicle loans early, between April 2005 and August 2007. The fee equated to 31 days' interest on the outstanding balances of their loans at the time of full repayment. Allied Nationwide admitted that this conduct was in breach of the Credit Contrac...
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