Mrs A (a 63 year old lady) took out a loan with a well known High Street bank 15 years ago for £1000. After 3 months she got into financial difficulty and the bank agreed that she could convert to interest payments only for a period of time. That arrangement was never reviewed and she has therefore paid interest on this £1000 loan for the past 15 years!!! She has now repaid over £10,000 and still has a balance to pay. The bank has issued legal proceedings against her......

Dean's comment: Banks have been subject to a great deal of litigation in the past few years for unfair charges. This would appear to fall into that category and it would appear that Mrs A has badly advised. She must instruct a lawyer to look at this and defend her case properly......