loan interest query?
simpywimpy
Posts: 2,384
Forumite
My dad just received a statement on his A&L loan which is now becoming Abbey run.
It states that the interest on the whole loan was added at the beginning. Am I right in thinking this makes it more expensive ?
Is this normal or something to avoid in the future?
It states that the interest on the whole loan was added at the beginning. Am I right in thinking this makes it more expensive ?
Is this normal or something to avoid in the future?
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