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Want to pay extra on my loan

lukemed1
lukemed1 Posts: 511 Forumite
in Debt-free wannabe
hi everyone

i've decided i'm going to pay £100 a month extra onto my citifinancial loan so i can reduce the term of it considerably!! what do i do now? just send them a cheque for the extra £100 every month? will i need reciepts? how do i know the extra payments are being taken off?

any help would be great!!

Best regards

Luke

Comments

  • *Sparkle*_3
    *Sparkle*_3 Posts: 503 Forumite
    Perhaps you should give them a call just to let them know, hey they might even reduce your interest rate like what happened to another member on here.

    Also check that you can repay early without any early redemption fees.

    well done you!! :D
    Abbey Loan £6,000
    Tesco loan £3,000
    Tesco points --- £100 worth £400 in deals for holiday! :j :T
    "It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." (Charles Darwin)
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