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loans
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gailcooper_2
Posts: 1 Newbie
in Loans
what is the best way too pay back a loan not due too be finished untill 2011 too pay the least back.
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Sorry Gail I don't understand your question - do you mean you've got a loan that ends in 2011 but you want to pay it back early?0
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Your own terms and conditions will tell you about settling it early and also if this was taken out pre 2005 you have to remember that the rule of 78 can be used in some agreements and this can sometimes bring about a settlement figure higher than what you originally borrowed. This changed in 2005 to two months interest. Check your agreement and see what it says.gailcooper wrote: »what is the best way too pay back a loan not due too be finished untill 2011 too pay the least back.0
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