do CC offer settlement figures

therealpieboy

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:

chattychappy

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.

The_Cappuccino_Kid

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

BugsyBrowne

therealpieboy wrote: »

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

therealpieboy

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]

Don't forget to make an offer on your mortgage settlement too. No reasonable offer refused.

therealpieboy

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

therealpieboy wrote: »

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.