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Is it better..........

swampduck
swampduck Posts: 962 Forumite
Part of the Furniture 500 Posts Combo Breaker
... to pay a lump sum off a three year loan and then ask for a settlement figure. Or ask for a settlement figure first?
Thanks
Expect the worst, hope for the best, and take what comes!!:o

Comments

  • I do not know because I do not know what the Terms & Conditions of your loan are.
    ..
  • swampduck wrote:
    ... to pay a lump sum off a three year loan and then ask for a settlement figure. Or ask for a settlement figure first?
    Thanks

    See my post on How not to pay early settlement fees on loan

    Any settlement figure they give will more than likely include early settlement fees, but there are ways around this. I would never tell them you are looking to settle a loan early. Then they will try and get you to take another loan out, because they know you will have money each month with nothing to spend it on (the money that is allocated out of your wages for loan repayment)

    Matthew
    I'm as mad as hell, and I'm not going to take it anymore :beer:
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