I’m sure you’ve all seen the latest viral moan doing the rounds on Facebook and the like. Simon Crowther wrote an open letter to his MP, via his Facebook account, specifying how the interest on his student loan had added an extra £1800 to his debt in 12 months. The letter has since been shared over 40,000 times. The graduate goes into specifics about the monetary increments and claims that as an 18 year old, he had no experience in taking out loans and was duped into signing the terms and conditions by a promise of low inflation rates.
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So, the moral of the story is that no matter your age, when signing any terms and conditions, you need to be fully aware of your obligations. You are legally bound to the terms set out in the specifics of that legal document. No amount of viral whining on Facebook is enough to undo that.
Let our experts help you. Documents such as the above are often confusing, we can provide clear, concise legal advice and translate the document into ‘layman’s terms’ for you. Know what you are getting yourself in to (and how much it could end up costing you!)
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