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Loan Early Repayment Advice

src78
src78 Posts: 10 Forumite
in Loans
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Comments

  • standupguy
    standupguy Posts: 904 Forumite
    With the new legislation on the Consumer credit act, companies must calculate settlement figures in a certain way and must also rebate a proportion of any admin fees so you should not find an early settlement figure too onerous at all.
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    if its an ordinary personal loan then they can charge a months extra interest. If however, it's HP then you can only cancel and give back the car after paying half the total amount due.
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