We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
working out soa & budget on weekly and monthly wages!
Comments
-
The payments would be reduced as you would owe less money however you could still end up paying interest on the original amount before paying off the 30K. It really depends on when the interest is calculated.
As for the penalty, it really depends on your deal but yes it can run in to the 1,000's as it's usually a percentage of the total amount owing.Debt at LBM (March 2006): £30,000 :eek:
DEBT FREE SINCE APRIL 2008!!!! YIPPEEEEEE!!!!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards