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Career Development Loan - Full Repayment
moneysavingmaniac
Posts: 75 Forumite
in Loans
Hi,
My Career Development loan repayments start at the end of the month 30/12/09
As the rate is going to be 12.9% I want to take out another loan and pay it off.
Can someone please tell me how I do this?
Do I take out another loan and pay it directly (im guessing to the sort code and account number on my loan statement) or do I instruct the new loan company pay the old one?
Cheers
Also are there any pitfalls I should watch out for?
My Career Development loan repayments start at the end of the month 30/12/09
As the rate is going to be 12.9% I want to take out another loan and pay it off.
Can someone please tell me how I do this?
Do I take out another loan and pay it directly (im guessing to the sort code and account number on my loan statement) or do I instruct the new loan company pay the old one?
Cheers
Also are there any pitfalls I should watch out for?
0
Comments
-
you ask your CDL lender for a settlement figure so you know what you owe.
you then get a new loan and use the money once it gets into your bank a/c to the CDL loan
however 12.9% isn't a bad rateEU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
Thanks,
Its just I have seen loans as low at 7.9% and thought over 4 years that will be a substantial saving0 -
moneysavingmaniac wrote: »Thanks,
Its just I have seen loans as low at 7.9% and thought over 4 years that will be a substantial saving
But will you be able to get a loan at that rate?
Gone ... or have I?0 -
Im an optimist0
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