We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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

therealpieboy
Posts: 8 Forumite
in Credit cards
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:
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:
0
Comments
-
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.0
-
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.
HTHPlease note that any posts that I make on here are based on my personal opinion, experience and what I have read.0 -
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 pal0 -
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.0 -
Don't forget to make an offer on your mortgage settlement too. No reasonable offer refused.0
-
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:0 -
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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

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