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advice needed - neverending abbey loan!

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Booboo123_2
Booboo123_2 Posts: 47 Forumite
Hello All,

After viewing these forums for a while I have decided to join :)

I was wondering if anyone could help me though...

I have an abbey loan which was origanally for my car but i have extended it since. I want to pay it off now though but im not allowed to pay any extra to it a month I have to clear it in one go if I want rid of it. I have started saving and was wondering...

If they give me a settlement figure of say £2000 is this the very minimum they are going to take or if I say well I have £1600 right now and can pay it would they take it? basically is it negatiable?

Any advice or tips would be appreciated before I call. If I can get away with giving them less I will.

Thank you in advance.
April 2011/ Present
£7110.23/ £6757.99
Savings Pot - £850.00

Comments

  • _Andy_
    _Andy_ Posts: 11,150 Forumite
    No, there would be no reason for them to accept less.
  • Xbigman
    Xbigman Posts: 3,915 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    If your payments are up to date or only slightly behind they won't take an offer.
    Regards


    X
    Xbigman's guide to a happy life.

    Eat properly
    Sleep properly
    Save some money
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