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Paying off Loans
fatboyslim1
Posts: 7 Forumite
When paying off a loan in full am I better to pay the amount less a months payment so as to avoid a penalty?
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Comments
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I know whith my loan that I am paying off in Aug... we are leaving a small amount as our charge for paying off early is 30days interest on whatever amount is left - hope that makes sense! I'd call your bank/look at your agreement first.
Barclaycard [STRIKE]£734[/STRIKE] LPF CC [STRIKE]£412[/STRIKE] CBS Loan [STRIKE]£1100[/STRIKE] Barclay Loan [STRIKE]£14000[/STRIKE] £1499 Lloyds Overdraft [STRIKE]£740[/STRIKE] Kays Catalogue [STRIKE]£330[/STRIKE] £36.48 Cabot (littlewoods) [STRIKE]£2472[/STRIKE] JDWilliams Catalogue [STRIKE]£700[/STRIKE]0 -
Are you doing this as a "full & Final" settlement?
or paying it early?
Whichever way you need to get the settlement figure in writing from your loan provider, and keep proof that you sent paymentPROUD TO BE DEALING WITH MY DEBT NERD #869
DFD 5/1/16Numpty,Not sure why but I'm crying
. Of all the peeps on this board you're the kindest & most supportive of all & I'm :mad: & 
for you all at the same time . Wish I was there to give you a big :grouphug: & emergency hobnobs
xx0
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