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funding corporation - paying off
boltonangel
Posts: 1,018 Forumite
hi
my dh has 9 months remaining on a personal loan with the funding corporation.
he rang up this week to get an early settlement figure. the figure he got was actually more than if he just let the loan run it's course for the next 9 months. thinking this was odd he asked if the final payment was a larger payment than the others and it was just the same.
is this normal practice......we are trying to reduce our outgoings so that we can save heavily for a house deposit, but obviously there is little point if it's going to cost more in the long run!!!
my dh has 9 months remaining on a personal loan with the funding corporation.
he rang up this week to get an early settlement figure. the figure he got was actually more than if he just let the loan run it's course for the next 9 months. thinking this was odd he asked if the final payment was a larger payment than the others and it was just the same.
is this normal practice......we are trying to reduce our outgoings so that we can save heavily for a house deposit, but obviously there is little point if it's going to cost more in the long run!!!
Lead me not into temptation, I can find the way myself.
wins - peroni bottle opener, peroni bowl, peroni coastersx2 and a vodkat cocktail kit,
would love to win something 'proper'!!
wins - peroni bottle opener, peroni bowl, peroni coastersx2 and a vodkat cocktail kit,
would love to win something 'proper'!!
0
Comments
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Could be an early resettlement penalty?I'm a...I'm a real traditionalist of course0
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