A bit late but this is best heating advice.

Fuck knows. Gonz would be your man or try here: 
https://www.reddit.com/r/LegalAdviceUK/

Sounds like a load of bollocks to me. There's no contract after all.

I very much doubt they can amend a contract after the fact. If interest is charged on a loan, it's taxable. So she'll have to declare it as income to HMRC. They won't want to do that, but might pretend tehy will. I'd tell her you'll contact HMRC to inform them of it and arrange for a self assessment form for each of you.

Is she registered with the FCA? If not she's a userer and has commited a venal sin.

I’d imagine that the shared purchases (if they’re fixtures and fittings) will have depreciated in value. Tell her she’s lucky to get the original amount and not a lower figure based on their depreciation.

If that fails, declare yourself bankrupt and get her to stew on that for a while.

nick_md wrote:

Hey there y'all - quick Q: I owe a sum of money to someone, I'm paying this person back in instalments as I have done previously. This person is now claiming they will start charging me interest on the outstanding balance.

Can this person do that? The money I owe has been built up over the last year or so due to shared purchases. I have been paying this person back pretty regularly and have every intention of paying the remainder. My issue is that no interest was mentioned, in fact no formal 'loan' agreement was ever stipulated.

Thoughts?

She hasn't got a leg to stand on mate. You are paying back money which was never formally loaned to you. There is no loan agreement, there is no contract to say you accepted any terms and conditions (the payment of interest being one of them). She is not registered with the financial services ombudsman or whoever else she would be required to in order for her to do that.

Tell if she want to play that game then you will just stop paying altogether, unless she can show you a contract, see how quickly she shuts up.

I don't watch Judge Rinder for nothing.

n0face wrote:

Set up an affordable minimum payment plan, any lender has to offer one.

Have done, I've given very reasonable intentions (try for £1k per month back to them, minimum £800) but this person is claiming interest etc etc yadda yadda.

I've already asked for the T&Cs that indicate I'm liable for interest, and have asked if this person will be paying tax on the interest.

They're just fronting, I'm fairly sure. I'm pretty sure I'd win in a small claims court because I'm not refusing to pay what I owe, I'm refusing to pay interest which has been demanded out of the blue, with no agreement in place stating it necessary.

It's good advice to imagine each correspondence will be read by a judge, tbh. Stay amicable, as much as possible. Swallow that bile.

Mate I haven't taken the advice plenty of times, it's tough. But it's solid advice given by someone who knows (y)

nick_md wrote:

It's good advice to imagine each correspondence will be read by a judge, tbh. Stay amicable, as much as possible. Swallow that bile.

Yeah, completely ignoring it would be preferable, but if not an option just a simple 'no, that's not the agreement' is probably best.

My shits are far too watery these days mate, it'd look more like someone'd emptied an old radiator on their doorstep.

nick_md wrote:

My shits are far too watery these days mate, it'd look more like someone'd emptied an old radiator on their doorstep.

You could freeze it first.

Escape wrote:

Dark Soldier wrote:

Preferably if it has a mesh cover.

The little sweeper fell out of mine the other week and I still haven't reattached it.

Hooray — I've reattached it!