A Payment A Day - Part 11!

psychopathbabble

Bublin1 wrote: »

Hey everyone, i am new to this thread.:hello:

I have a Northern Rock loan of £15,000 (the only debt i have, except for the mortgage) and would love to chip away at it.
I have looked at the paperwork (from the people that own it now :rotfl:) and it says that i can make extra payments. At the moment i am paying £180 a month by dd.

My question is to those with loans (not credit cards)...how do you apply padding? Do you put money into a pot and them pay towards the loan every month or once a year? I haven't rung them yet but are lenders generally ok with small regular top-up payments?

Check there aren't any penaltys for making extra payments... or any other catch with it. I know mine was ok but not all are. How often you make the repayments to the bank itself is depending on the answer to that question

Bublin1

psychopathbabble wrote: »

Check there aren't any penaltys for making extra payments... or any other catch with it. I know mine was ok but not all are. How often you make the repayments to the bank itself is depending on the answer to that question

Thanks for your reply. Paperwork says there are no penalties for xtra payments. I'll give them a ring tomorrow!!

psychopathbabble

Bublin1 wrote: »

Thanks for your reply. Paperwork says there are no penalties for xtra payments. I'll give them a ring tomorrow!!

Ok well in that case, send pennies their way! It's entirely up to you whether you want to collect the money and send it monthly, weekly, yearly. I send my payments daily to the cc as I know it will get spent if I don't

sashanut

Hi all:j

Didn't get online yesterday due a combo of a spendy day :eek::eek::eek: and then an application for cash from the bank of Mum & Dad:eek::eek::eek:. Delved into the DD's b a/c -she's away at uni - only to find a phone call (not hers) to Mauritius for £46 - putting her OD. Cue to call her to tell her card has been cloned:mad::mad::mad:

So, after all that - a £2 PAD coin into the VW campervan moneybox (holiday spends) plz F_F - tkyou!!

mooomin

Yesterdays total was £369.44

mooomin

My PAD is £1.32

rsdiscos

Morning - happy to report a rounding down PAD of 0.72p today!

Have a good Thursday!

retiredandskint

Another £3.72 for me today please.

retiredandskint

thevinternet wrote: »

I *think* the amounts on DDs get confirmed about 3 days before they are due to come out, so you could try extra PADs in those three days if you want to pay extra? Just a thought. xx

Thanks for that. For the last two months I've been waiting for DD to come out and then paying the extra.

Kepp

£35 to the loan please FF