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First Plus Loan questions

isy1011
isy1011 Posts: 513 Forumite
I am trying to repay my debts. It says on the small print on this loan that I will incur 2 months interest and an early resetlement fee if I want to settle this loan early. Is this correct?

Also, on my statement my balance never seems to go down it has:
debit credit
DDR direct debit xxx
PD payment due xxx
Interest xxx

it seems one column cancels the other. When will the balance go down?
Egg April 10 £6600 Jan £4678 now £0
Santander Jan £3414 April £3338
Virgin April£2643 Aug £3155 April £7109
Barclaycard Oct £1476 April £1287
So far paid off 17% of c.c. debt:T

Comments

  • di3004
    di3004 Posts: 42,579 Forumite
    isy1011 wrote: »
    I am trying to repay my debts. It says on the small print on this loan that I will incur 2 months interest and an early resetlement fee if I want to settle this loan early. Is this correct?

    Also, on my statement my balance never seems to go down it has:
    debit credit
    DDR direct debit xxx
    PD payment due xxx
    Interest xxx

    it seems one column cancels the other. When will the balance go down?


    Hi there

    I'm sure someone will give advice on this for you soon.

    If you also had insurance, this is normally added within the balance settlement as well.;)
    The one and only "Dizzy Di" :D
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