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Higher Loan Repayments
mblessing20
Posts: 10 Forumite
in Loans
Are loan companies obliged to take higher than the quoted repayments?
For example if I were paying £100 a month, but I decided for one month, I wanted to pay £500, are the loan company allowed/supposed to accept this?
Thanks,
For example if I were paying £100 a month, but I decided for one month, I wanted to pay £500, are the loan company allowed/supposed to accept this?
Thanks,
June's Competition Wins:
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Comments
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Not unless the contract specifically allows overpayment, no.0
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mblessing20 wrote: »Are loan companies obliged to take higher than the quoted repayments?
For example if I were paying £100 a month, but I decided for one month, I wanted to pay £500, are the loan company allowed/supposed to accept this?
Thanks,
I would pay off the other loans first!!Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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