Finance with black horse

staceydaisy

Wanting to settle in full after only the first payment

As anyone else done this and know if there is any hidden charges or anything or if they will charge me the earth just to have had the finance for a month

Thanks in advance

_Andy_

Your loan documents should state this. Failing that, give them a call.

staceydaisy

ll the documents state are to ring them using there automated system request a settlement figure.

They wil lthen send this out be post but it also says dont expect it to be as low as expected

which is y its making me question there company

jonjamie1970

staceydaisy wrote: »

ll the documents state are to ring them using there automated system request a settlement figure.

They wil lthen send this out be post but it also says dont expect it to be as low as expected

which is y its making me question there company

Agreed, all the interest is loaded at the start of the policy so it wont look great and unfortunate you have to pay this back after 1 payment....or not :j

Their automated system will give you a settlement figure.

I ring it ever month lol :rotfl:

staceydaisy

lol

does the automated system tell you a settlement figure there and then or do they send it in the post thanks

iolanthe07

When I paid off a Black Horse loan early I paid a three month interest penalty, but your terms and conditions may be different - just have a read through them.

fozmcfc

Depends on how Black Horse loans work. With Egg, if you pay your loan off early you save on some interest and any PPI you may have on it. So for instance the loan in my signature, if I settle now, I can settle for £1089 (as of this post)

jonjamie1970

staceydaisy wrote: »

lol

does the automated system tell you a settlement figure there and then or do they send it in the post thanks

They tell you there and then and also send you a confirmation letter.

staceydaisy

Does any1 know if I will be able to get a settlement figure today as we have not made our first payment yet that goes out on the 10th

jonjamie1970

staceydaisy wrote: »

Does any1 know if I will be able to get a settlement figure today as we have not made our first payment yet that goes out on the 10th

Yes you should be able to, ring the black horse number and enter your DOB and postcode and bobs your uncle.