We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

do CC offer settlement figures

Options
Hi, I have four cards two egg one First direct and one barclay card, due to a property sale I am in the position to be able to pay them all off:j

So, do cards have an early redemption figure like loans? is it worth having ago or am I stuck with paying 'the bottom line' it's my debt I know but worth a try, :money:

Comments

  • chattychappy
    chattychappy Posts: 7,302 Forumite
    No chance unless you've already got into trouble and trashed your rating. Then they might talk - and perhaps discount if you've shown you can't pay by reference to income/outgoings.
  • Nope, 'fraid not.

    Loans such as car loans are amortised; the interest is charged based on the loan going to term. If you repay early, you (may) get a rebate based on a refund of interest.

    With a credit card, the balance is your current balance so that's the redemption figure.

    HTH
    Please note that any posts that I make on here are based on my personal opinion, experience and what I have read.
  • BugsyBrowne
    BugsyBrowne Posts: 5,697 Forumite
    Hi, I have four cards two egg one First direct and one barclay card, due to a property sale I am in the position to be able to pay them all off:j

    So, do cards have an early redemption figure like loans? is it worth having ago or am I stuck with paying 'the bottom line' it's my debt I know but worth a try, :money:

    Lol your on a wind up pal
  • thanks for the quick replies, thought that was the case but needed to check so I didn't miss a trick.

    Thats the CC dealt with now to get on with getting the mortgage paid off.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Don't forget to make an offer on your mortgage settlement too. No reasonable offer refused.
  • Star fire, a very 'helpful and constructive reply' I think not.

    Remember the only stupid question is the one that you don't ask. I asked for advice as I am a NEWBIE, remember back when you were one? People come on here for advice not condescending answers.:mad:
  • ILW
    ILW Posts: 18,333 Forumite
    Star fire, a very 'helpful and constructive reply' I think not.

    Remember the only stupid question is the one that you don't ask. I asked for advice as I am a NEWBIE, remember back when you were one? People come on here for advice not condescending answers.:mad:

    Not always.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.